CIBC Cuts Capital Power (TSE:CPX) Price Target to C$39.00

Capital Power (TSE:CPX) had its price objective reduced by CIBC from C$40.00 to C$39.00 in a research note released on Thursday, BayStreet.CA reports. They currently have a neutral rating on the stock.

A number of other equities research analysts also recently issued reports on CPX. National Bankshares cut their target price on shares of Capital Power from C$45.00 to C$43.00 and set an outperform rating for the company in a research report on Thursday. Raymond James cut their price objective 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 lowered their target price 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. Desjardins dropped their target price on Capital Power from C$51.00 to C$49.00 and set a buy rating on the stock in a research report on Tuesday, April 30th. Finally, TD Securities reduced their price target on Capital Power from C$49.00 to C$47.00 in a report on Thursday. Six analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of Hold and an average price target of C$44.45.

Capital Power Stock Up 0.6 %

Shares of Capital Power stock opened at C$36.05 on Thursday. Capital Power has a 1 year low of C$33.90 and a 1 year high of C$46.73. The company has a market cap of C$4.66 billion, a P/E ratio of 5.97, a P/E/G ratio of 0.91 and a beta of 0.57. The company has a current ratio of 1.29, a quick ratio of 0.55 and a debt-to-equity ratio of 153.08. The stock has a 50-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 earnings results on Wednesday, February 28th. The company reported C$0.74 earnings per share for the quarter, beating analysts’ consensus estimates of C$0.72 by C$0.02. The company 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%. As a group, analysts expect that Capital Power will post 3.2094897 EPS for the current fiscal year.

Capital Power Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 31st. Investors of record on Friday, June 28th will be paid a $0.615 dividend. This represents a $2.46 dividend on an annualized basis and a dividend yield of 6.82%. The ex-dividend date of this dividend is Friday, June 28th. Capital Power’s payout ratio is 40.73%.

Insiders Place Their Bets

In other 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. Company 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.