TD Securities Cuts Capital Power (TSE:CPX) Price Target to C$47.00

Capital Power (TSE:CPX) had its price target decreased by equities researchers at TD Securities from C$49.00 to C$47.00 in a note issued to investors on Thursday, BayStreet.CA reports. TD Securities’ price objective indicates a potential upside of 31.91% from the stock’s previous close.

Other research analysts also recently issued research reports about the stock. Scotiabank cut their price target on shares of Capital Power from C$47.00 to C$45.00 and set a “sector perform” rating on the stock in a report on Wednesday, January 17th. Royal Bank of Canada lowered 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 Thursday, February 29th. Desjardins lowered their target price 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. Raymond James reduced their price target on shares of Capital Power from C$46.00 to C$45.00 and set a “market perform” rating on the stock in a research report on Thursday, April 25th. Finally, 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 research report on Friday, April 19th. Six analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of C$44.45.

Capital Power Stock Performance

Shares of TSE:CPX traded up C$0.10 during trading hours on Thursday, hitting C$35.63. The stock had a trading volume of 180,154 shares, compared to its average volume of 427,596. The stock’s fifty day simple moving average is C$37.36 and its 200 day simple moving average is C$37.30. 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$4.50 billion, a price-to-earnings ratio of 5.92, a PEG ratio of 0.91 and a beta of 0.57. 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 issued 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 firm had revenue of C$984.00 million during the quarter. Capital Power had a net margin of 18.29% and a return on equity of 26.11%. Sell-side analysts anticipate that Capital Power will post 3.1532468 earnings per share for the current fiscal year.

Insider Activity

In other news, Senior Officer Jacquelyn Marie Pylypiuk sold 5,209 shares of the company’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 value of C$204,296.98. 0.17% of the stock is currently owned by 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.