BMO Capital Markets Raises Capital Power (TSE:CPX) Price Target to C$56.00

Capital Power (TSE:CPX) had its price objective increased by BMO Capital Markets from C$47.00 to C$56.00 in a research note released on Thursday morning, BayStreet.CA reports. They currently have a market perform rating on the stock.

CPX has been the subject of a number of other reports. Royal Bank of Canada decreased their price target on Capital Power from C$54.00 to C$53.00 and set a “sector perform” rating for the company in a research note on Thursday. ATB Capital boosted their price target on Capital Power from C$52.00 to C$55.00 and gave the company a “sector perform” rating in a report on Thursday. Atb Cap Markets raised Capital Power from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 26th. TD Securities lifted their price objective on shares of Capital Power from C$48.00 to C$57.00 and gave the stock a “buy” rating in a report on Tuesday, October 29th. Finally, Desjardins boosted their target price on shares of Capital Power from C$56.00 to C$60.00 and gave the company a “buy” rating in a research note on Thursday. Six equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of C$55.11.

Capital Power Price Performance

Shares of CPX stock opened at C$55.30 on Thursday. The firm has a fifty day moving average of C$48.54 and a two-hundred day moving average of C$42.53. The firm has a market cap of C$7.19 billion, a P/E ratio of 10.95, a P/E/G ratio of 0.91 and a beta of 0.64. Capital Power has a 1-year low of C$33.90 and a 1-year high of C$56.82. The company has a debt-to-equity ratio of 133.46, a current ratio of 0.88 and a quick ratio of 0.55.

Capital Power Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Tuesday, December 31st will be given a dividend of $0.652 per share. The ex-dividend date is Tuesday, December 31st. This represents a $2.61 annualized dividend and a dividend yield of 4.72%. Capital Power’s dividend payout ratio is currently 51.68%.

Insider Activity at Capital Power

In other Capital Power news, Senior Officer Bryan Deneve sold 6,100 shares of the company’s stock in a transaction dated Friday, October 4th. The shares were sold at an average price of C$50.55, for a total value of C$308,355.00. Insiders have sold a total of 6,400 shares of company stock worth $322,274 in the last ninety days. 0.17% of the stock is owned by insiders.

Capital Power Company Profile

Capital Power Corporation develops, acquires, owns, and operates renewable and thermal power generation facilities in Canada and the United States. It generates electricity from various energy sources, including wind, solar, waste heat, natural gas, and coal. The company owns an approximately 7,500 megawatts (MW) of power generation capacity at 29 facilities.