Capital Power (TSE:CPX) PT Lowered to C$47.00 at TD Securities

Capital Power (TSE:CPX) had its price target cut by TD Securities from C$49.00 to C$47.00 in a report issued on Thursday morning, BayStreet.CA reports.

CPX has been the subject of several other research reports. CIBC lowered 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. Scotiabank dropped 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 report on Wednesday, January 17th. Desjardins decreased their price target on Capital Power from C$51.00 to C$49.00 and set a buy rating for the company in a report on Tuesday, April 30th. Raymond James dropped their price objective on Capital Power from C$46.00 to C$45.00 and set a market perform rating on the stock in a research note on Thursday, April 25th. Finally, ATB Capital decreased their target price on 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. Six analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Capital Power currently has a consensus rating of Hold and a consensus price target of C$44.45.

Capital Power Price Performance

CPX stock opened at C$36.05 on Thursday. 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 52-week low of C$33.90 and a 52-week high of C$46.73. The company has a market capitalization of C$4.66 billion, a P/E ratio of 5.97, a PEG ratio of 0.91 and a beta of 0.57. The company has a fifty day moving average price of C$37.30 and a 200-day moving average price of C$37.27.

Capital Power (TSE:CPX) last issued its quarterly earnings results on Wednesday, February 28th. The company reported C$0.74 earnings per share for the quarter, beating the consensus estimate of C$0.72 by C$0.02. The company had revenue of C$984.00 million during the quarter. Capital Power had a return on equity of 26.11% and a net margin of 18.29%. As a group, equities analysts expect that Capital Power will post 3.2094897 EPS for the current 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.

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.