Capital Power (TSE:CPX) Price Target Cut to C$40.00 by Analysts at CIBC

Capital Power (TSE:CPX) had its price objective lowered by CIBC from C$43.00 to C$40.00 in a research note published on Friday, BayStreet.CA reports. The brokerage currently has a neutral rating on the stock.

Other equities analysts have also issued reports about the company. ATB Capital reduced their price objective on Capital Power from C$42.00 to C$41.00 and set a sector perform rating for the company in a report on Wednesday, January 17th. Royal Bank of Canada dropped their target price on Capital Power from C$42.00 to C$41.00 and set a sector perform rating on the stock in a research report on Thursday, February 29th. Scotiabank dropped 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. Finally, National Bankshares dropped their target price on Capital Power from C$48.00 to C$45.00 in a research report on Wednesday, January 17th. Six investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, Capital Power presently has an average rating of Hold and an average price target of C$46.00.

Capital Power Price Performance

Shares of TSE CPX opened at C$35.92 on Friday. The stock has a fifty day simple moving average of C$37.52 and a two-hundred day simple moving average of C$37.42. Capital Power has a 1-year low of C$35.11 and a 1-year high of C$46.73. The firm has a market cap of C$4.54 billion, a price-to-earnings ratio of 5.95, a price-to-earnings-growth ratio of 0.91 and a beta of 0.57. The company has a current ratio of 1.29, a quick ratio of 0.55 and a debt-to-equity ratio of 153.08.

Capital Power (TSE:CPX) last announced its quarterly earnings data on Wednesday, February 28th. The company reported C$0.74 earnings per share for the quarter, beating 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. Analysts anticipate that Capital Power will post 3.1532468 earnings per share for the current year.

Capital Power Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Thursday, March 28th will be given a $0.615 dividend. The ex-dividend date is Wednesday, March 27th. This represents a $2.46 dividend on an annualized basis and a dividend yield of 6.85%. Capital Power’s dividend payout ratio (DPR) is presently 40.73%.

Insider Buying and Selling

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