Capital Power (TSE:CPX) Price Target Cut to C$39.00

Capital Power (TSE:CPX) had its target price trimmed by CIBC from C$40.00 to C$39.00 in a research report released on Thursday, BayStreet.CA reports. The firm currently has a neutral rating on the stock.

CPX has been the subject of a number of other reports. Desjardins reduced their price objective on shares of Capital Power from C$51.00 to C$49.00 and set a buy rating for the company in a research note on Tuesday, April 30th. Royal Bank of Canada decreased their price target on shares of Capital Power from C$41.00 to C$39.00 and set a sector perform rating for the company in a report on Thursday. ATB Capital dropped their price objective on Capital Power from C$42.00 to C$41.00 and set a sector perform rating on the stock in a research note on Wednesday, January 17th. BMO Capital Markets cut their price objective on Capital Power from C$40.00 to C$38.00 and set a market perform rating for the company in a research report on Thursday. Finally, Raymond James lowered their target price on Capital Power from C$46.00 to C$45.00 and set a market perform rating on the stock in a report on Thursday, April 25th. 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, Capital Power presently has a consensus rating of Hold and an average price target of C$44.45.

Capital Power Price Performance

TSE CPX opened at C$36.05 on Thursday. Capital Power has a fifty-two week low of C$33.90 and a fifty-two week high of C$46.73. The stock’s 50-day moving average is C$37.30 and its two-hundred day moving average is C$37.27. The firm has a market cap of C$4.66 billion, a P/E ratio of 5.97, a price-to-earnings-growth ratio of 0.91 and a beta of 0.57. The company has a debt-to-equity ratio of 153.08, a current ratio of 1.29 and a quick ratio of 0.55.

Capital Power (TSE:CPX) last issued its quarterly earnings data 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 business had revenue of C$984.00 million for the quarter. On average, analysts anticipate that Capital Power will post 3.2094897 earnings per share for the current fiscal year.

Capital Power Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Friday, June 28th will be issued a dividend of $0.615 per share. This represents a $2.46 annualized dividend and a dividend yield of 6.82%. The ex-dividend date of this dividend is Friday, June 28th. Capital Power’s payout ratio is presently 40.73%.

Insider Activity at Capital Power

In other Capital Power news, Senior Officer Jacquelyn Marie Pylypiuk sold 5,209 shares of Capital Power 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 corporate insiders.

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.