Capital Power (TSE:CPX) Given New C$40.00 Price Target at CIBC

Capital Power (TSE:CPX) had its price objective trimmed by CIBC from C$43.00 to C$40.00 in a report released on Friday morning, BayStreet.CA reports. The brokerage currently has a neutral rating on the stock.

Several other research firms have also recently issued reports on CPX. ATB Capital cut their price target on shares of Capital Power from C$42.00 to C$41.00 and set a sector perform rating for the company in a report on Wednesday, January 17th. Royal Bank of Canada lowered their price target on shares of Capital Power from C$42.00 to C$41.00 and set a sector perform rating on the stock in a research report on Thursday, February 29th. National Bankshares decreased their target price on shares of Capital Power from C$48.00 to C$45.00 in a research report on Wednesday, January 17th. Finally, Scotiabank decreased their target price on shares of Capital Power from C$47.00 to C$45.00 and set a sector perform rating on the stock in a research report on Wednesday, January 17th. Six research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of Hold and an average target price of C$46.00.

Capital Power Stock Performance

Shares of CPX stock opened at C$35.92 on Friday. The company has a current ratio of 1.29, a quick ratio of 0.55 and a debt-to-equity ratio of 153.08. The firm has a fifty day moving average price of C$37.52 and a 200 day moving average price of C$37.43. The company has a market cap of C$4.54 billion, a P/E ratio of 5.95, a PEG ratio of 0.91 and a beta of 0.57. Capital Power has a 12 month low of C$35.11 and a 12 month high of C$46.73.

Capital Power (TSE:CPX) last released its quarterly earnings data on Wednesday, February 28th. The company reported C$0.74 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.72 by C$0.02. Capital Power had a net margin of 18.29% and a return on equity of 26.11%. The company had revenue of C$984.00 million during the quarter. Sell-side analysts predict that Capital Power will post 3.1532468 earnings per share for the current fiscal year.

Capital Power Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Thursday, March 28th will be paid a $0.615 dividend. This represents a $2.46 dividend on an annualized basis and a dividend yield of 6.85%. The ex-dividend date of this dividend is Wednesday, March 27th. Capital Power’s dividend payout ratio is presently 40.73%.

Insider Buying and Selling

In other Capital Power news, Senior Officer Jacquelyn Marie Pylypiuk sold 5,209 shares of the firm’s stock in a transaction on Monday, March 25th. The shares were sold at an average price of C$39.22, for a total transaction of C$204,296.98. 0.17% of the stock is currently owned by insiders.

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.