Capital Power (TSE:CPX) PT Lowered to C$40.00 at Scotiabank

Capital Power (TSE:CPXFree Report) had its price objective cut by Scotiabank from C$45.00 to C$40.00 in a report issued on Thursday, BayStreet.CA reports. They currently have a sector perform rating on the stock.

Several other brokerages have also issued reports on CPX. BMO Capital Markets decreased their price target on Capital Power from C$40.00 to C$38.00 and set a market perform rating on the stock in a research note on Thursday. Raymond James dropped their target price on shares of 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. National Bankshares decreased their price target on shares of Capital Power from C$45.00 to C$43.00 and set an outperform rating on the stock in a report on Thursday. ATB Capital dropped their price objective on shares of Capital Power from C$42.00 to C$41.00 and set a sector perform rating for the company in a research note on Wednesday, January 17th. Finally, Desjardins decreased their target price on shares of Capital Power from C$51.00 to C$49.00 and set a buy rating on the stock in a research note on Tuesday, April 30th. Six analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Capital Power presently has an average rating of Hold and a consensus target price of C$44.45.

View Our Latest Stock Report on Capital Power

Capital Power Trading Up 0.6 %

Shares of Capital Power stock opened at C$36.05 on Thursday. The company has a quick ratio of 0.55, a current ratio of 1.29 and a debt-to-equity ratio of 153.08. Capital Power has a 12-month low of C$33.90 and a 12-month high of C$46.73. The company 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. The firm’s 50-day moving average price is C$37.30 and its two-hundred day moving average price is C$37.27.

Capital Power (TSE:CPXGet Free Report) last posted its quarterly earnings results on Wednesday, February 28th. The company reported C$0.74 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.72 by C$0.02. The business had revenue of C$984.00 million for the quarter. Capital Power had a net margin of 18.29% and a return on equity of 26.11%. On average, analysts forecast that Capital Power will post 3.2094897 earnings per share for the current fiscal year.

Capital Power Announces Dividend

The firm also recently declared 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. This represents a $2.46 annualized dividend and a dividend yield of 6.82%. The ex-dividend date is Friday, June 28th. Capital Power’s payout ratio is currently 40.73%.

Insider Transactions 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 dated 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 owned by company insiders.

Capital Power Company Profile

(Get Free Report)

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.

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Analyst Recommendations for Capital Power (TSE:CPX)

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