National Bankshares Cuts Capital Power (TSE:CPX) Price Target to C$43.00

Capital Power (TSE:CPX) had its price target decreased by National Bankshares from C$45.00 to C$43.00 in a research note published on Thursday morning, BayStreet.CA reports. National Bankshares currently has an outperform rating on the stock.

Other research analysts have also issued research reports about the company. Royal Bank of Canada cut their price target on Capital Power from C$41.00 to C$39.00 and set a sector perform rating on the stock in a report on Thursday. Scotiabank cut their target price 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. CIBC decreased 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 research note on Friday, April 19th. Desjardins dropped their price objective 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. Finally, ATB Capital decreased their target price 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 report on Wednesday, January 17th. Six analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of Hold and a consensus price target of C$44.45.

Capital Power Stock Up 0.6 %

Capital Power stock opened at C$36.05 on Thursday. The company has a market capitalization of C$4.66 billion, a PE ratio of 5.97, a PEG ratio of 0.91 and a beta of 0.57. Capital Power has a 12-month low of C$33.90 and a 12-month high of C$46.73. The firm’s fifty day moving average is C$37.30 and its 200 day moving average is C$37.27. 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 (TSE:CPX) last announced its quarterly earnings data 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 firm 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%. As a group, sell-side analysts predict that Capital Power will post 3.2094897 EPS 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. Investors of record on Friday, June 28th will be given a dividend of $0.615 per share. 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 currently 40.73%.

Insider Buying and Selling

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 transaction of C$204,296.98. 0.17% of the stock is owned by corporate insiders.

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.