Capital Power Corp (TSE:CPX) has been given a consensus recommendation of “Buy” by the nine ratings firms that are currently covering the company, MarketBeat reports. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is C$27.31.
A number of equities research analysts recently commented on the company. National Bank Financial increased their price target on Capital Power Corp from C$31.00 to C$32.00 and gave the company an “outperform” rating in a research report on Thursday, July 27th. TD Securities increased their price target on Capital Power Corp from C$26.00 to C$28.00 and gave the company a “hold” rating in a research report on Thursday, July 27th.
Capital Power Corp (TSE CPX) traded up 0.38% during trading on Tuesday, hitting $26.36. 254,057 shares of the company traded hands. The firm has a market capitalization of $2.74 billion and a P/E ratio of 11.39. The stock has a 50-day moving average price of $25.22 and a 200-day moving average price of $25.19. Capital Power Corp has a 12-month low of $19.90 and a 12-month high of $26.51.
Capital Power Corp (TSE:CPX) last released its quarterly earnings results on Wednesday, July 26th. The company reported $0.27 EPS for the quarter, missing analysts’ consensus estimates of $0.28 by $0.01. The company had revenue of $201 million during the quarter, compared to analysts’ expectations of $244.84 million. Capital Power Corp had a net margin of 53.23% and a return on equity of 13.72%. Equities analysts expect that Capital Power Corp will post $1.45 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 31st. Stockholders of record on Friday, September 29th will be given a dividend of $0.417 per share. The ex-dividend date of this dividend is Thursday, September 28th. This is a positive change from Capital Power Corp’s previous quarterly dividend of $0.34. This represents a $1.67 annualized dividend and a dividend yield of 6.33%.
Capital Power Corp Company Profile
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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