Capital Power (TSE:CPX) Price Target Lowered to C$39.00 at CIBC

Capital Power (TSE:CPX) had its price target trimmed by CIBC from C$40.00 to C$39.00 in a report issued on Thursday, BayStreet.CA reports. The firm currently has a neutral rating on the stock.

Other equities analysts also recently issued research reports about the stock. ATB Capital lowered their target price on shares of Capital Power from C$42.00 to C$41.00 and set a sector perform rating for the company in a research note on Wednesday, January 17th. TD Securities lowered their price objective on Capital Power from C$49.00 to C$47.00 in a research report on Thursday. Scotiabank cut their target price on 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. BMO Capital Markets lowered their price target on Capital Power from C$40.00 to C$38.00 and set a market perform rating for the company in a report on Thursday. Finally, Desjardins dropped their price target on shares of Capital Power from C$51.00 to C$49.00 and set a buy rating on the stock in a research note on Tuesday. Six investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of Hold and a consensus price target of C$44.45.

Capital Power Stock Up 0.6 %

Shares of CPX traded up C$0.20 during midday trading on Thursday, hitting C$36.05. The company had a trading volume of 386,223 shares, compared to its average volume of 429,884. The company’s 50-day simple moving average is C$37.30 and its 200-day simple moving average 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 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.

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 during the quarter. As a group, sell-side analysts expect that Capital Power will post 3.2094897 EPS for the current year.

Capital Power Announces Dividend

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

Insider Transactions at Capital Power

In related news, Senior Officer Jacquelyn Marie Pylypiuk sold 5,209 shares of the company’s stock in a transaction on Monday, March 25th. The shares were sold at an average price of C$39.22, for a total value of C$204,296.98. Insiders own 0.17% of the company’s stock.

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.