Capital Power (TSE:CPX) PT Lowered to C$47.00

Capital Power (TSE:CPX) had its price target cut by TD Securities from C$49.00 to C$47.00 in a research report report published on Thursday, BayStreet.CA reports.

Other research analysts also recently issued research reports about the company. Desjardins decreased their price objective on Capital Power from C$51.00 to C$49.00 and set a buy rating on the stock in a report on Tuesday, April 30th. CIBC lowered their price objective on Capital Power from C$43.00 to C$40.00 and set a neutral rating for the company in a research report on Friday, April 19th. Royal Bank of Canada dropped 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 note on Thursday, February 29th. Scotiabank decreased their price objective 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. Finally, Raymond James dropped their target price on shares of Capital Power from C$46.00 to C$45.00 and set a market perform rating for the company in a report on Thursday, April 25th. Six research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of Hold and an average target price of C$44.45.

Capital Power Stock Up 0.6 %

Shares of TSE CPX opened at C$36.05 on Thursday. The stock has a market capitalization of C$4.66 billion, a P/E ratio of 5.97, a PEG 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 has a one year low of C$33.90 and a one year high of C$46.73. The firm’s 50 day simple moving average is C$37.30 and its two-hundred day simple moving average is C$37.27.

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

Capital Power Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 31st. Investors of record on Friday, June 28th will be given 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 dividend payout ratio is currently 40.73%.

Insider Buying and Selling

In other news, Senior Officer Jacquelyn Marie Pylypiuk sold 5,209 shares of the stock in a transaction that occurred on Monday, March 25th. The stock was sold at an average price of C$39.22, for a total value of C$204,296.98. 0.17% of the stock is owned by 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.