Capital Power (TSE:CPX) Price Target Cut to C$43.00 by Analysts at National Bankshares

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

A number of other equities research analysts have also issued reports on the stock. CIBC reduced their target price on shares of Capital Power from C$43.00 to C$40.00 and set a neutral rating on the stock in a report on Friday, April 19th. Desjardins reduced their price objective on Capital Power from C$51.00 to C$49.00 and set a buy rating on the stock in a research note on Tuesday. TD Securities lowered their target price on Capital Power from C$49.00 to C$47.00 in a research note on Thursday. Royal Bank of Canada reduced their price target 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. Finally, Scotiabank lowered their price objective on Capital Power from C$47.00 to C$45.00 and set a sector perform rating for the company in a research report on Wednesday, January 17th. Six investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of Hold and an average price target of C$44.45.

Capital Power Trading Up 0.6 %

Shares of CPX stock traded up C$0.20 on Thursday, hitting C$36.05. The stock had a trading volume of 386,223 shares, compared to its average volume of 429,884. The company’s 50 day moving average price is C$37.30 and its 200-day moving average price is C$37.27. Capital Power has a 1 year low of C$33.90 and a 1 year high of C$46.73. The firm has a market capitalization of C$4.66 billion, a P/E 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 current ratio of 1.29 and a quick ratio of 0.55.

Capital Power (TSE:CPX) last issued its quarterly earnings results on Wednesday, February 28th. The company reported C$0.74 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.72 by C$0.02. Capital Power had a net margin of 18.29% and a return on equity of 26.11%. The company had revenue of C$984.00 million for the quarter. Analysts anticipate that Capital Power will post 3.2094897 earnings per share for the current year.

Capital Power Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 31st. Investors of record on Friday, June 28th will be issued a $0.615 dividend. This represents a $2.46 dividend on an annualized basis and a yield of 6.82%. The ex-dividend date is Friday, June 28th. Capital Power’s dividend payout ratio (DPR) is 40.73%.

Insider Buying and Selling at Capital Power

In other 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. 0.17% of the stock is currently 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.