BMO Capital Markets Cuts Capital Power (TSE:CPX) Price Target to C$38.00

Capital Power (TSE:CPX) had its target price trimmed by BMO Capital Markets from C$40.00 to C$38.00 in a research report released on Thursday, BayStreet.CA reports. The firm currently has a market perform rating on the stock.

Several other equities research analysts also recently weighed in on CPX. Raymond James lowered their price target on Capital Power from C$46.00 to C$45.00 and set a market perform rating for the company in a report on Thursday, April 25th. ATB Capital cut their price target 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 Wednesday, January 17th. TD Securities lowered their price objective on shares of Capital Power from C$49.00 to C$47.00 in a research note on Thursday. Desjardins reduced their target price on Capital Power from C$51.00 to C$49.00 and set a buy rating for the company in a research note on Tuesday, April 30th. Finally, National Bankshares cut their price objective on Capital Power from C$45.00 to C$43.00 and set an outperform rating on the stock in a report on Thursday. Six equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of Hold and a consensus price target of C$44.45.

Capital Power Stock Performance

CPX stock opened at C$36.05 on Thursday. The firm has a 50-day simple moving average of C$37.30 and a two-hundred day simple moving average of 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 has a one year low of C$33.90 and a one year high of C$46.73. The firm has a market cap 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 (TSE:CPX) last issued its quarterly earnings results on Wednesday, February 28th. The company reported C$0.74 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.72 by C$0.02. The business 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 EPS for the current fiscal year.

Capital Power Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Friday, June 28th will be paid 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 payout ratio is 40.73%.

Insider Activity

In related news, Senior Officer Jacquelyn Marie Pylypiuk sold 5,209 shares of the 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.