Scotiabank Lowers Capital Power (TSE:CPX) Price Target to C$40.00

Capital Power (TSE:CPX) had its target price decreased by Scotiabank from C$45.00 to C$40.00 in a report published on Thursday morning, BayStreet.CA reports. Scotiabank currently has a sector perform rating on the stock.

Other equities research analysts also recently issued reports about the stock. BMO Capital Markets lowered their target price on shares of Capital Power from C$40.00 to C$38.00 and set a market perform rating on the stock in a research note on Thursday. TD Securities dropped their price objective on shares of Capital Power from C$49.00 to C$47.00 in a report on Thursday. National Bankshares cut their target price on shares of Capital Power from C$45.00 to C$43.00 and set an outperform rating for the company in a research report on Thursday. CIBC lowered their price target on Capital Power from C$40.00 to C$39.00 and set a neutral rating on the stock in a research report on Thursday. Finally, Royal Bank of Canada dropped their price target on Capital Power from C$41.00 to C$39.00 and set a sector perform rating for the company in a research note on Thursday. Six investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of Hold and an average price target of C$44.45.

Capital Power Trading Up 0.6 %

Capital Power stock opened at C$36.05 on Thursday. The stock has a market cap of C$4.66 billion, a P/E ratio of 5.97, a PEG ratio of 0.91 and a beta of 0.57. Capital Power has a fifty-two week low of C$33.90 and a fifty-two week high of C$46.73. The firm’s fifty day moving average price is C$37.30 and its 200-day moving average price is C$37.27. 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 announced its earnings results on Wednesday, February 28th. The company reported C$0.74 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.72 by C$0.02. The business had revenue of C$984.00 million for the quarter. Capital Power had a return on equity of 26.11% and a net margin of 18.29%. Equities research analysts forecast that Capital Power will post 3.2094897 earnings per share for the current fiscal year.

Capital Power Dividend Announcement

The business 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 $0.615 dividend. The ex-dividend date of this dividend is Friday, June 28th. This represents a $2.46 annualized dividend and a dividend yield of 6.82%. Capital Power’s dividend payout ratio is currently 40.73%.

Insider Activity

In related news, Senior Officer Jacquelyn Marie Pylypiuk sold 5,209 shares of the firm’s 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 transaction of C$204,296.98. 0.17% of the stock is currently owned by corporate 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.