Capital Power (TSE:CPX) Price Target Lowered to C$39.00 at Royal Bank of Canada

Capital Power (TSE:CPX) had its price target reduced by Royal Bank of Canada from C$41.00 to C$39.00 in a report published on Thursday morning, BayStreet.CA reports. Royal Bank of Canada currently has a sector perform rating on the stock.

Other research analysts have also issued research reports about the stock. TD Securities cut their price target on shares of Capital Power from C$49.00 to C$47.00 in a research note on Thursday. National Bankshares cut their price objective on shares of Capital Power from C$48.00 to C$45.00 in a research report on Wednesday, January 17th. Raymond James reduced their target price on shares of Capital Power from C$46.00 to C$45.00 and set a market perform rating for the company in a research note 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 note on Friday, April 19th. Finally, Desjardins reduced their price objective on Capital Power from C$51.00 to C$49.00 and set a buy rating for the company in a research report on Tuesday. Six investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of Hold and a consensus price target of C$44.45.

Capital Power Trading Up 0.6 %

Capital Power stock traded up C$0.20 during mid-day trading on Thursday, hitting C$36.05. 386,223 shares of the company’s stock were exchanged, 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 quick ratio of 0.55, a current ratio of 1.29 and a debt-to-equity ratio of 153.08. The firm has a market capitalization 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.

Capital Power (TSE:CPX) last released its quarterly earnings results on Wednesday, February 28th. The company reported C$0.74 EPS for the quarter, topping analysts’ consensus estimates 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. On average, equities analysts anticipate that Capital Power will post 3.2094897 earnings per share for the current year.

Capital Power Announces Dividend

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

Insiders Place Their Bets

In related news, Senior Officer Jacquelyn Marie Pylypiuk sold 5,209 shares of the business’s stock in a transaction 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.