Capital Power Corp (TSE:CPX) PT Raised to C$28.00 at TD Securities
Several other equities analysts have also commented on the company. Raymond James Financial, Inc. increased their target price on Capital Power Corp from C$28.00 to C$30.00 and gave the company an outperform rating in a report on Tuesday, May 2nd. BMO Capital Markets upped their price objective on shares of Capital Power Corp from C$26.00 to C$28.00 and gave the company an outperform rating in a research note on Tuesday, April 25th. Scotiabank restated a sector perform rating and issued a C$26.00 price objective on shares of Capital Power Corp in a research note on Tuesday, May 2nd. Finally, National Bank Financial upped their price objective on shares of Capital Power Corp from C$31.00 to C$32.00 and gave the company an outperform rating in a research note on Thursday. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company currently has an average rating of Buy and a consensus target price of C$27.19.
Shares of Capital Power Corp (TSE CPX) opened at 24.78 on Thursday. The firm has a market cap of $2.58 billion and a PE ratio of 10.71. Capital Power Corp has a 12 month low of $18.95 and a 12 month high of $26.43. The firm’s 50-day moving average price is $24.53 and its 200-day moving average price is $25.05.
Capital Power Corp (TSE:CPX) last posted its earnings results on Wednesday, July 26th. The company reported $0.27 EPS for the quarter, missing the consensus estimate of $0.28 by $0.01. The business had revenue of $201 million during the quarter, compared to analysts’ expectations of $244.84 million. Capital Power Corp had a net margin of 13.91% and a return on equity of 5.90%. Analysts expect that Capital Power Corp will post $1.41 earnings per share for the current year.
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The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 31st. Shareholders of record on Friday, September 29th will be paid a $0.417 dividend. This represents a $1.67 annualized dividend and a yield of 6.73%. The ex-dividend date is Thursday, September 28th. This is an increase from Capital Power Corp’s previous quarterly dividend of $0.34.
About Capital Power Corp
Capital Power Corporation is a North American power producing company. The Company develops, acquires, operates and optimizes power generation from a range of energy sources. The Company is engaged in the operation of electrical generation facilities within Canada, including Alberta, British Columbia and Ontario, and in the United States, including North Carolina, New Mexico and Kansas.
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