Capital Power (TSE:CPX) Price Target Cut to C$38.00

Capital Power (TSE:CPX) had its price objective decreased by equities research analysts at BMO Capital Markets from C$40.00 to C$38.00 in a research report issued to clients and investors on Thursday, BayStreet.CA reports. The brokerage currently has a “market perform” rating on the stock. BMO Capital Markets’ price target points to a potential upside of 5.41% from the stock’s current price.

Other equities analysts also recently issued research reports about the company. Scotiabank dropped their price objective on Capital Power from C$47.00 to C$45.00 and set a “sector perform” rating on the stock in a research note on Wednesday, January 17th. Raymond James dropped their price target on Capital Power from C$46.00 to C$45.00 and set a “market perform” rating on the stock in a research report on Thursday, April 25th. ATB Capital reduced their price objective on Capital Power from C$42.00 to C$41.00 and set a “sector perform” rating for the company in a research report on Wednesday, January 17th. Royal Bank of Canada dropped their target price on shares of Capital Power from C$41.00 to C$39.00 and set a “sector perform” rating on the stock in a research report on Thursday. Finally, TD Securities cut their target price on shares of Capital Power from C$49.00 to C$47.00 in a research note on Thursday. Six analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, Capital Power currently has a consensus rating of “Hold” and a consensus target price of C$44.45.

Capital Power Stock Performance

CPX stock opened at C$36.05 on Thursday. Capital Power has a 52 week low of C$33.90 and a 52 week high of C$46.73. The company has a debt-to-equity ratio of 153.08, a quick ratio of 0.55 and a current ratio of 1.29. The stock has a market cap of C$4.66 billion, a P/E ratio of 5.97, a P/E/G ratio of 0.91 and a beta of 0.57. The firm has a 50 day simple moving average of C$37.30 and a 200 day simple moving average of C$37.27.

Capital Power (TSE:CPX) last issued its earnings results on Wednesday, February 28th. The company reported C$0.74 EPS for the quarter, beating analysts’ consensus estimates of C$0.72 by C$0.02. Capital Power had a return on equity of 26.11% and a net margin of 18.29%. The firm had revenue of C$984.00 million for the quarter. Research analysts anticipate that Capital Power will post 3.2094897 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Senior Officer Jacquelyn Marie Pylypiuk sold 5,209 shares of the business’s stock in a transaction that occurred 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. Corporate insiders own 0.17% of the company’s stock.

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.