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

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

Several other research firms also recently commented on CPX. Scotiabank lowered 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 research note on Wednesday, January 17th. Raymond James decreased their price objective on 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 Capital Power from C$41.00 to C$39.00 and set a sector perform rating for the company in a report on Thursday. Desjardins decreased their price target 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 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 research report on Wednesday, January 17th. Six investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of Hold and an average target price of C$44.45.

Capital Power Price Performance

TSE:CPX opened at C$36.05 on Thursday. The company has a market cap of C$4.66 billion, a P/E ratio of 5.97, a P/E/G ratio of 0.91 and a beta of 0.57. The firm’s fifty day moving average price is C$37.30 and its two-hundred day moving average price is C$37.27. Capital Power has a one year low of C$33.90 and a one year high of C$46.73. The company has a debt-to-equity ratio of 153.08, a current ratio of 1.29 and a quick ratio of 0.55.

Capital Power (TSE:CPX) last announced its quarterly earnings results on Wednesday, February 28th. The company reported C$0.74 EPS for the quarter, beating analysts’ consensus estimates of C$0.72 by C$0.02. The business 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%. Equities analysts expect that Capital Power will post 3.2094897 earnings per share for the current year.

Capital Power Announces Dividend

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

Insider Buying and Selling

In related 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 transaction of C$204,296.98. 0.17% of the stock is currently owned by company 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.