FY2024 EPS Estimates for Capital Power Lifted by Analyst

Capital Power Co. (TSE:CPX) – Investment analysts at National Bank Financial upped their FY2024 EPS estimates for Capital Power in a research note issued to investors on Wednesday, October 30th. National Bank Financial analyst P. Kenny now expects that the company will post earnings per share of $4.42 for the year, up from their previous estimate of $3.80. The consensus estimate for Capital Power’s current full-year earnings is $2.82 per share. National Bank Financial also issued estimates for Capital Power’s FY2025 earnings at $3.61 EPS.

CPX has been the topic of a number of other reports. TD Securities increased their price objective on shares of Capital Power from C$48.00 to C$57.00 and gave the company a “buy” rating in a research report on Tuesday, October 29th. Atb Cap Markets downgraded shares of Capital Power from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 30th. Scotiabank upgraded Capital Power from a “sector perform” rating to an “outperform” rating and raised their price target for the company from C$46.00 to C$60.00 in a research note on Thursday. CIBC upped their price objective on Capital Power from C$52.00 to C$54.00 and gave the stock a “neutral” rating in a research report on Thursday. Finally, Royal Bank of Canada dropped their price objective on Capital Power from C$54.00 to C$53.00 and set a “sector perform” rating on the stock in a report on Thursday. Six analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of C$55.11.

Capital Power Stock Down 2.1 %

CPX stock opened at C$55.30 on Monday. The company’s 50 day moving average price is C$48.54 and its 200 day moving average price is C$42.53. The firm has a market capitalization of C$7.19 billion, a price-to-earnings ratio of 10.95, a PEG ratio of 0.91 and a beta of 0.64. Capital Power has a fifty-two week low of C$33.90 and a fifty-two week high of C$56.82. The company has a debt-to-equity ratio of 133.46, a quick ratio of 0.55 and a current ratio of 0.88.

Capital Power Dividend Announcement

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

Insiders Place Their Bets

In related news, Senior Officer Bryan Deneve sold 6,100 shares of the business’s stock in a transaction dated Friday, October 4th. The stock was sold at an average price of C$50.55, for a total value of C$308,355.00. In the last three months, insiders have sold 6,400 shares of company stock valued at $322,274. Insiders own 0.17% of the company’s stock.

About Capital Power

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.