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

Capital Power (TSE:CPX) had its price target lowered by analysts at BMO Capital Markets from C$40.00 to C$38.00 in a report released on Thursday, BayStreet.CA reports. The brokerage presently has a “market perform” rating on the stock. BMO Capital Markets’ price target suggests a potential upside of 6.65% from the company’s previous close.

A number of other research firms have also recently weighed in on CPX. ATB Capital dropped their target price on shares of 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. 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 report on Thursday, April 25th. CIBC dropped their price target on Capital Power from C$43.00 to C$40.00 and set a “neutral” rating on the stock in a research report on Friday, April 19th. Scotiabank cut their price target on Capital Power from C$47.00 to C$45.00 and set a “sector perform” rating for the company in a research note on Wednesday, January 17th. Finally, Royal Bank of Canada lowered their price objective on Capital Power from C$41.00 to C$39.00 and set a “sector perform” rating on the stock in a research note on Thursday. Six equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, Capital Power currently has an average rating of “Hold” and an average price target of C$44.45.

Capital Power Trading Up 0.3 %

CPX traded up C$0.10 during trading on Thursday, reaching C$35.63. 180,154 shares of the stock traded hands, compared to its average volume of 427,596. The stock’s 50-day moving average is C$37.36 and its 200 day moving average is C$37.30. Capital Power has a 12 month low of C$33.90 and a 12 month high of C$46.73. The company has a quick ratio of 0.55, a current ratio of 1.29 and a debt-to-equity ratio of 153.08. The stock has a market capitalization of C$4.50 billion, a PE ratio of 5.92, a P/E/G ratio of 0.91 and a beta of 0.57.

Capital Power (TSE:CPX) last released its 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 business had revenue of C$984.00 million during the quarter. Equities analysts anticipate that Capital Power will post 3.1532468 earnings per share for the current year.

Insider Transactions at Capital Power

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. 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.