Capital Power (TSE:CPX) Price Target Cut to C$38.00 by Analysts at BMO Capital Markets

Capital Power (TSE:CPX) had its price objective cut by BMO Capital Markets from C$40.00 to C$38.00 in a research report report published on Thursday morning, BayStreet.CA reports. They currently have a market perform rating on the stock.

CPX has been the subject of a number of other research reports. Desjardins reduced their target price 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 decreased their price objective on shares of Capital Power from C$46.00 to C$45.00 and set a market perform rating on the stock in a report on Thursday, April 25th. Royal Bank of Canada dropped their target price on shares of Capital Power from C$41.00 to C$39.00 and set a sector perform rating for the company in a report on Thursday. ATB Capital decreased their price target 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. Finally, Scotiabank lowered their price target 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. Six research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, Capital Power currently has an average rating of Hold and an average price target of C$44.45.

Capital Power Price Performance

Shares of TSE CPX opened at C$36.05 on Thursday. The company has a debt-to-equity ratio of 153.08, a current ratio of 1.29 and a quick ratio of 0.55. The company has a market cap of C$4.66 billion, a PE ratio of 5.97, a P/E/G ratio of 0.91 and a beta of 0.57. The stock has a fifty day moving average price of C$37.30 and a 200 day moving average price of C$37.27. Capital Power has a 1-year low of C$33.90 and a 1-year high of C$46.73.

Capital Power (TSE:CPX) last released its earnings results on Wednesday, February 28th. The company reported C$0.74 EPS for the quarter, topping the consensus estimate 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 company had revenue of C$984.00 million during the quarter. Sell-side analysts forecast that Capital Power will post 3.2094897 EPS for the current 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 given a dividend of $0.615 per share. The ex-dividend date is Friday, June 28th. This represents a $2.46 annualized dividend and a dividend yield of 6.82%. Capital Power’s dividend payout ratio is currently 40.73%.

Insider Buying and Selling at Capital Power

In related news, Senior Officer Jacquelyn Marie Pylypiuk sold 5,209 shares of the stock in a transaction on Monday, March 25th. The stock was 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 insiders.

About Capital Power

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.