Capital Power (TSE:CPX) Price Target Cut to C$38.00 by Analysts at BMO Capital Markets

Capital Power (TSE:CPX) had its target price cut by BMO Capital Markets from C$40.00 to C$38.00 in a research report sent to investors on Thursday morning, BayStreet.CA reports. They currently have a market perform rating on the stock.

A number of other research analysts also recently issued reports on CPX. TD Securities dropped their price target on shares of Capital Power from C$49.00 to C$47.00 in a research report on Thursday. 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 research report on Wednesday, January 17th. National Bankshares decreased their price target on Capital Power from C$45.00 to C$43.00 and set an outperform rating for the company in a report on Thursday. ATB Capital dropped their price objective on Capital Power from C$42.00 to C$41.00 and set a sector perform rating on the stock in a research note on Wednesday, January 17th. Finally, Royal Bank of Canada decreased their target price on Capital Power from C$41.00 to C$39.00 and set a sector perform rating for the company in a research note on Thursday. Six analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, Capital Power has an average rating of Hold and an average target price of C$44.45.

Capital Power Trading Up 0.6 %

Shares of TSE:CPX traded up C$0.20 during mid-day trading on Thursday, reaching C$36.05. 386,223 shares of the company’s stock were exchanged, compared to its average volume of 429,884. The firm has a market capitalization of C$4.66 billion, a price-to-earnings ratio of 5.97, a PEG ratio of 0.91 and a beta of 0.57. Capital Power has a twelve month low of C$33.90 and a twelve month high of C$46.73. The business’s fifty day moving average price is C$37.30 and its 200-day moving average price 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 (TSE:CPX) last released its quarterly earnings results on Wednesday, February 28th. The company reported C$0.74 EPS for the quarter, beating analysts’ consensus estimates of C$0.72 by C$0.02. The firm had revenue of C$984.00 million for the quarter. Capital Power had a return on equity of 26.11% and a net margin of 18.29%. On average, research analysts predict that Capital Power will post 3.2094897 EPS for the current fiscal year.

Capital Power Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 31st. Shareholders of record on Friday, June 28th will be issued a $0.615 dividend. 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 payout ratio is currently 40.73%.

Insider Buying and Selling at Capital Power

In other Capital Power 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.