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

Capital Power (TSE:CPX) had its target price lowered by TD Securities from C$49.00 to C$47.00 in a research note released on Thursday, BayStreet.CA reports.

A number of other equities analysts also recently issued reports on the stock. CIBC cut their price target on shares of Capital Power from C$43.00 to C$40.00 and set a neutral rating for the company in a report on Friday, April 19th. 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 for the company in a research report on Thursday, April 25th. Scotiabank lowered their price target on 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. 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. Finally, Desjardins lowered their target price on Capital Power from C$51.00 to C$49.00 and set a buy rating on the stock in a report on Tuesday. Six research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, Capital Power has an average rating of Hold and a consensus price target of C$44.45.

Capital Power Stock Performance

CPX traded up C$0.20 during trading on Thursday, reaching C$36.05. The company’s stock had a trading volume of 386,223 shares, compared to its average volume of 429,884. The company has a market capitalization of C$4.66 billion, a price-to-earnings ratio of 5.97, a price-to-earnings-growth ratio of 0.91 and a beta of 0.57. The company’s fifty day moving average price is C$37.30 and its 200-day moving average price is C$37.27. Capital Power has a 52-week low of C$33.90 and a 52-week high of C$46.73. 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 announced its quarterly earnings data 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 for the quarter. Capital Power had a return on equity of 26.11% and a net margin of 18.29%. On average, equities analysts forecast that Capital Power will post 3.2094897 earnings per share 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. Stockholders of record on Friday, June 28th will be issued a dividend of $0.615 per share. The ex-dividend date of this dividend is Friday, June 28th. This represents a $2.46 dividend on an annualized basis and a dividend yield of 6.82%. Capital Power’s dividend payout ratio (DPR) is presently 40.73%.

Insider Activity at Capital Power

In other Capital Power news, Senior Officer Jacquelyn Marie Pylypiuk sold 5,209 shares of Capital Power stock in a transaction that occurred on Monday, March 25th. The shares were sold at an average price of C$39.22, for a total value of C$204,296.98. 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.