National Bankshares Cuts Capital Power (TSE:CPX) Price Target to C$43.00

Capital Power (TSE:CPX) had its price target decreased by National Bankshares from C$45.00 to C$43.00 in a report published on Thursday, BayStreet.CA reports. National Bankshares currently has an outperform rating on the stock.

Other analysts also recently issued reports about the stock. ATB Capital reduced 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. TD Securities cut their price objective on shares of Capital Power from C$49.00 to C$47.00 in a research report on Thursday. Royal Bank of Canada decreased their target price on 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. CIBC cut their price target on Capital Power from C$43.00 to C$40.00 and set a neutral rating for the company in a report on Friday, April 19th. Finally, Raymond James reduced their price objective on Capital Power from C$46.00 to C$45.00 and set a market perform rating for the company in a research report on Thursday, April 25th. Six analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of Hold and a consensus price target of C$44.45.

Capital Power Price Performance

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

Capital Power (TSE:CPX) last issued its quarterly earnings results on Wednesday, February 28th. The company reported C$0.74 EPS for the quarter, topping the consensus estimate 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 company had revenue of C$984.00 million for the quarter. Research analysts anticipate that Capital Power will post 3.2094897 EPS for the current year.

Capital Power Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Friday, June 28th will be issued a $0.615 dividend. The ex-dividend date of this dividend is Friday, June 28th. This represents a $2.46 dividend on an annualized basis and a dividend yield of 6.82%. 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 the stock in a transaction on Monday, March 25th. The stock was sold at an average price of C$39.22, for a total transaction 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.