Capital Power Corp (CPX) Receives Average Rating of “Buy” from Brokerages
Capital Power Corp (TSE:CPX) has earned a consensus rating of “Buy” from the nine research firms that are covering the stock, Marketbeat reports. Three analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is C$27.31.
A number of equities analysts recently issued reports on CPX shares. Scotiabank reiterated a “sector perform” rating and issued a C$26.00 target price on shares of Capital Power Corp in a research report on Tuesday, May 2nd. TD Securities increased their target price on shares of Capital Power Corp from C$25.00 to C$26.00 and gave the company a “hold” rating in a research report on Tuesday, April 25th. National Bank Financial increased their target price on shares of Capital Power Corp from C$32.00 to C$33.00 and gave the company an “outperform” rating in a research report on Wednesday, August 2nd. Raymond James Financial, Inc. increased their target price on shares of Capital Power Corp from C$28.00 to C$30.00 and gave the company an “outperform” rating in a research report on Tuesday, May 2nd. Finally, BMO Capital Markets increased their target price on shares of Capital Power Corp from C$26.00 to C$28.00 and gave the company an “outperform” rating in a research report on Tuesday, April 25th.
Shares of Capital Power Corp (TSE:CPX) opened at 25.42 on Monday. The stock has a 50 day moving average of $24.52 and a 200 day moving average of $25.06. Capital Power Corp has a one year low of $19.90 and a one year high of $26.43. The stock has a market cap of $2.65 billion and a P/E ratio of 10.99.
Capital Power Corp (TSE:CPX) last released its quarterly earnings data on Wednesday, July 26th. The company reported $0.27 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.28 by $0.01. The firm had revenue of $201 million during the quarter, compared to analyst estimates of $244.84 million. Capital Power Corp had a return on equity of 13.72% and a net margin of 53.23%. Equities analysts expect that Capital Power Corp will post $1.44 EPS for the current fiscal year.
The firm also recently disclosed 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. This is a positive change from Capital Power Corp’s previous quarterly dividend of $0.34. The ex-dividend date is Thursday, September 28th. This represents a $1.67 annualized dividend and a dividend yield of 6.56%.
About Capital Power Corp
Capital Power Corporation acquires, develops, operates, and optimizes power generation facilities in Canada and the United States. It generates electricity from various energy sources, such as natural gas, coal, landfill gas, wind, solid fuels, and solar. As of February 21, 2017, the company owned approximately 3,200 megawatts of power generation capacity at 18 facilities; and 700 megawatts of owned generation capacity under the advanced stages of development.
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