Capital Power Corp (TSE:CPX) has received a consensus recommendation of “Buy” from the eight brokerages that are currently covering the stock, reports. Two equities research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is C$33.00.

A number of equities analysts have recently weighed in on CPX shares. CIBC increased their price target on Capital Power from C$32.50 to C$33.00 in a report on Thursday, May 9th. CSFB increased their price target on Capital Power from C$28.00 to C$32.00 in a report on Thursday, April 25th. National Bank Financial increased their price target on Capital Power from C$38.00 to C$39.00 and gave the stock an “outperform” rating in a report on Wednesday, June 19th. BMO Capital Markets increased their price target on Capital Power from C$30.00 to C$31.00 in a report on Tuesday, July 30th. Finally, Raymond James increased their price target on Capital Power from C$35.50 to C$36.00 and gave the stock an “outperform” rating in a report on Friday, July 26th.

In other news, Director Brian Tellef Vaasjo bought 10,000 shares of the firm’s stock in a transaction that occurred on Friday, August 9th. The shares were purchased at an average price of C$29.75 per share, with a total value of C$297,500.00. Following the purchase, the director now owns 128,192 shares in the company, valued at C$3,813,712.

Shares of TSE CPX traded up C$0.03 during mid-day trading on Friday, reaching C$30.35. 236,400 shares of the company’s stock were exchanged, compared to its average volume of 294,939. The firm has a market capitalization of $3.24 billion and a price-to-earnings ratio of 10.79. The company has a debt-to-equity ratio of 105.69, a quick ratio of 0.53 and a current ratio of 0.86. Capital Power has a 52-week low of C$25.33 and a 52-week high of C$32.44. The company’s 50-day moving average is C$30.27 and its 200-day moving average is C$30.48.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Monday, September 30th will be issued a dividend of $0.48 per share. The ex-dividend date is Friday, September 27th. This is a boost from Capital Power’s previous quarterly dividend of $0.42. This represents a $1.92 dividend on an annualized basis and a dividend yield of 6.33%. Capital Power’s dividend payout ratio is currently 63.63%.

About Capital Power

Capital Power Corporation develops, acquires, owns, and operates power generation facilities in Canada and the United States. The company generates electricity from various energy sources, including natural and landfill gas, coal, wind, waste heat, solid fuels, and solar. It owns approximately 5,100 megawatts of power generation capacity.

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Analyst Recommendations for Capital Power (TSE:CPX)

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