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

Capital Power (TSE:CPX) had its price objective trimmed by Scotiabank from C$45.00 to C$40.00 in a research note issued to investors on Thursday, BayStreet.CA reports. The firm currently has a sector perform rating on the stock.

Other equities analysts have also recently issued reports about the company. National Bankshares dropped their target price on Capital Power from C$45.00 to C$43.00 and set an outperform rating for the company in a report on Thursday. Royal Bank of Canada dropped their price objective on Capital Power from C$41.00 to C$39.00 and set a sector perform rating for the company in a research note on Thursday. BMO Capital Markets reduced their target price on shares of 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 research report on Thursday, April 25th. Finally, ATB Capital reduced 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 report on Wednesday, January 17th. Six equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of Hold and an average target price of C$44.45.

Capital Power Stock Performance

Capital Power stock traded up C$0.20 on Thursday, hitting C$36.05. The company’s stock had a trading volume of 386,223 shares, compared to its average volume of 429,884. 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 P/E ratio of 5.97, a price-to-earnings-growth ratio of 0.91 and a beta of 0.57. The company has a quick ratio of 0.55, a current ratio of 1.29 and a debt-to-equity ratio of 153.08. 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 posted 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. Capital Power had a net margin of 18.29% and a return on equity of 26.11%. The business had revenue of C$984.00 million for the quarter. On average, equities analysts anticipate that Capital Power will post 3.2094897 earnings per share for the current year.

Capital Power Announces Dividend

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

Insider Buying and Selling at Capital Power

In other news, Senior Officer Jacquelyn Marie Pylypiuk sold 5,209 shares of the firm’s stock in a transaction on Monday, March 25th. The stock was sold at an average price of C$39.22, for a total value of C$204,296.98. Corporate 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.