Capital Power (TSE:CPX) PT Lowered to C$38.00 at BMO Capital Markets

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

Other research analysts also recently issued research reports about the stock. CIBC dropped their target price on shares of Capital Power from C$43.00 to C$40.00 and set a neutral rating on the stock in a research note on Friday, April 19th. Scotiabank lowered their price objective on Capital Power from C$47.00 to C$45.00 and set a sector perform rating on the stock in a research report on Wednesday, January 17th. 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. TD Securities lowered their price target on Capital Power from C$49.00 to C$47.00 in a report on Thursday. Finally, 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 on the stock in a research report on Thursday. Six research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of Hold and an average target price of C$44.45.

Capital Power Stock Up 0.6 %

CPX stock opened at C$36.05 on Thursday. The business has a 50 day moving average of C$37.30 and a 200 day moving average of C$37.27. The firm has a market cap of C$4.66 billion, a PE ratio of 5.97, a price-to-earnings-growth ratio of 0.91 and a beta of 0.57. Capital Power has a twelve month low of C$33.90 and a twelve month high of C$46.73. 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 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 firm 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%. On average, research analysts forecast that Capital Power will post 3.2094897 EPS for the current fiscal year.

Capital Power Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 31st. Shareholders of record on Friday, June 28th will be given 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 40.73%.

Insider Buying and Selling at Capital Power

In other news, Senior Officer Jacquelyn Marie Pylypiuk sold 5,209 shares of the 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. Corporate insiders own 0.17% of the company’s stock.

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.