Capital Power Corp (CPX) Given Average Recommendation of “Buy” by Brokerages
Shares of Capital Power Corp (TSE:CPX) have been assigned a consensus rating of “Buy” from the nine analysts that are presently covering the firm, Marketbeat reports. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is C$27.31.
CPX has been the subject of a number of analyst reports. National Bank Financial upped their price target on Capital Power Corp from C$31.00 to C$32.00 and gave the stock an “outperform” rating in a research report on Thursday, July 27th. TD Securities upped their price target on Capital Power Corp from C$26.00 to C$28.00 and gave the stock a “hold” rating in a research report on Thursday, July 27th.
Capital Power Corp (TSE:CPX) opened at 25.14 on Friday. Capital Power Corp has a 12-month low of $19.90 and a 12-month high of $26.51. The firm’s 50-day moving average price is $25.72 and its 200-day moving average price is $25.22. The stock has a market cap of $2.62 billion and a price-to-earnings ratio of 10.86.
Capital Power Corp (TSE:CPX) last issued its quarterly earnings results on Wednesday, July 26th. The company reported C$0.27 EPS for the quarter, missing analysts’ consensus estimates of C$0.28 by C($0.01). The company had revenue of C$201.00 million during the quarter, compared to analysts’ expectations of C$244.84 million. Capital Power Corp had a return on equity of 13.72% and a net margin of 53.23%. On average, equities analysts predict that Capital Power Corp will post $1.45 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 31st. Shareholders of record on Friday, September 29th will be given a $0.417 dividend. This is a boost from Capital Power Corp’s previous quarterly dividend of $0.34. The ex-dividend date of this dividend is Thursday, September 28th. This represents a $1.67 dividend on an annualized basis and a yield of 6.63%.
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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