Desjardins Trims Capital Power (TSE:CPX) Target Price to C$49.00

Capital Power (TSE:CPX) had its price target reduced by Desjardins from C$51.00 to C$49.00 in a report published on Tuesday, BayStreet.CA reports. They currently have a buy rating on the stock.

CPX has been the topic of several other reports. CIBC cut their price objective on shares of Capital Power from C$43.00 to C$40.00 and set a neutral rating on the stock in a report on Friday, April 19th. Scotiabank dropped 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. National Bankshares reduced their target price on shares of Capital Power from C$48.00 to C$45.00 in a report on Wednesday, January 17th. Royal Bank of Canada lowered 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 report on Thursday, February 29th. Finally, ATB Capital cut their price objective 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 analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, Capital Power currently has a consensus rating of Hold and an average target price of C$44.45.

Capital Power Trading Up 0.9 %

CPX opened at C$35.85 on Tuesday. Capital Power has a 12 month low of C$33.90 and a 12 month high of C$46.73. 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 of C$37.32 and a 200 day moving average of C$37.29. The firm has a market cap of C$4.53 billion, a P/E ratio of 5.94, a P/E/G ratio of 0.91 and a beta of 0.57.

Capital Power (TSE:CPX) last released its quarterly earnings results on Wednesday, February 28th. The company reported C$0.74 EPS for the quarter, topping analysts’ consensus estimates of C$0.72 by C$0.02. The firm had revenue of C$984.00 million during the quarter. Capital Power had a net margin of 18.29% and a return on equity of 26.11%. As a group, research analysts forecast that Capital Power will post 3.1532468 EPS for the current year.

Capital Power Announces Dividend

The firm 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 dividend of $0.615 per share. This represents a $2.46 annualized dividend and a yield of 6.86%. The ex-dividend date of this dividend is Friday, June 28th. Capital Power’s payout ratio is 40.73%.

Insider Transactions at Capital Power

In other news, Senior Officer Jacquelyn Marie Pylypiuk sold 5,209 shares of Capital Power stock in a transaction dated Monday, March 25th. The shares were sold at an average price of C$39.22, for a total transaction 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.