FY2024 EPS Forecast for Capital Power Increased by Analyst

Capital Power Co. (TSE:CPX) – Investment analysts at National Bank Financial upped their FY2024 earnings per share (EPS) estimates for shares of Capital Power in a report issued on Tuesday, December 17th. National Bank Financial analyst P. Kenny now expects that the company will earn $4.46 per share for the year, up from their previous forecast of $4.43. The consensus estimate for Capital Power’s current full-year earnings is $2.82 per share.

Other research analysts have also recently issued reports about the company. CIBC raised their target price on Capital Power from C$52.00 to C$54.00 and gave the stock a “neutral” rating in a research report on Thursday, October 31st. ATB Capital boosted their target price on shares of Capital Power from C$57.00 to C$63.00 and gave the company a “sector perform” rating in a research report on Wednesday. Scotiabank upped their target price on shares of Capital Power from C$66.00 to C$69.00 and gave the company an “outperform” rating in a report on Wednesday. BMO Capital Markets lifted their price target on shares of Capital Power from C$56.00 to C$68.00 and gave the stock a “market perform” rating in a research note on Wednesday. Finally, Atb Cap Markets lowered Capital Power from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 30th. Six investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of C$61.22.

Capital Power Stock Performance

Shares of CPX opened at C$62.60 on Thursday. The firm has a market capitalization of C$8.13 billion, a P/E ratio of 12.40, a PEG ratio of 0.91 and a beta of 0.64. 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 has a one year low of C$33.90 and a one year high of C$68.73. The business has a fifty day moving average of C$57.29 and a 200 day moving average of C$47.86.

Insider Transactions at Capital Power

In related news, Senior Officer Bryan Deneve sold 6,100 shares of the company’s stock in a transaction on Friday, October 4th. The shares were sold at an average price of C$50.55, for a total transaction of C$308,355.00. Corporate insiders own 0.17% of the company’s stock.

Capital Power Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Tuesday, December 31st will be given a $0.652 dividend. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $2.61 annualized dividend and a dividend yield of 4.17%. Capital Power’s payout ratio is 51.68%.

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.