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

Capital Power (TSE:CPX) had its target price dropped by equities research analysts at CIBC from C$40.00 to C$39.00 in a report issued on Thursday, BayStreet.CA reports. The firm presently has a “neutral” rating on the stock. CIBC’s price objective would indicate a potential upside of 9.46% from the stock’s current price.

Several other equities research analysts have also recently issued reports on CPX. Scotiabank decreased their target price on shares of 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. Royal Bank of Canada decreased their price target on shares of Capital Power from C$41.00 to C$39.00 and set a “sector perform” rating on the stock in a report on Thursday. Raymond James lowered their price objective 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. ATB Capital cut 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 Wednesday, January 17th. Finally, TD Securities reduced their target price on Capital Power from C$49.00 to C$47.00 in a report on Thursday. Six analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Capital Power currently has a consensus rating of “Hold” and an average target price of C$44.45.

Capital Power Trading Up 0.3 %

Shares of Capital Power stock traded up C$0.10 during trading hours on Thursday, reaching C$35.63. 180,154 shares of the company’s stock were exchanged, compared to its average volume of 427,596. Capital Power has a 52-week low of C$33.90 and a 52-week high of C$46.73. The company has a fifty day moving average of C$37.36 and a 200-day moving average of C$37.30. The company has a current ratio of 1.29, a quick ratio of 0.55 and a debt-to-equity ratio of 153.08. The firm has a market capitalization of C$4.50 billion, a price-to-earnings ratio of 5.92, a price-to-earnings-growth ratio of 0.91 and a beta of 0.57.

Capital Power (TSE:CPX) last released its earnings results on Wednesday, February 28th. The company reported C$0.74 EPS 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 firm had revenue of C$984.00 million during the quarter. Sell-side analysts forecast that Capital Power will post 3.1532468 EPS for the current fiscal year.

Insider Activity at Capital Power

In other Capital Power 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. Company 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.