Royal Bank of Canada Lowers Capital Power (TSE:CPX) Price Target to C$39.00

Capital Power (TSE:CPX) had its price target reduced by equities researchers at Royal Bank of Canada from C$41.00 to C$39.00 in a report issued on Thursday, BayStreet.CA reports. The brokerage currently has a “sector perform” rating on the stock. Royal Bank of Canada’s target price indicates a potential upside of 8.18% from the company’s current price.

Other equities analysts have also issued reports about the company. National Bankshares cut their price target on Capital Power from C$48.00 to C$45.00 in a report on Wednesday, January 17th. Desjardins cut their target price on Capital Power from C$51.00 to C$49.00 and set a “buy” rating for the company in a research note on Tuesday. TD Securities decreased their price target on Capital Power from C$49.00 to C$47.00 in a research report on Thursday. CIBC lowered 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. Finally, ATB Capital dropped their price target on Capital Power from C$42.00 to C$41.00 and set a “sector perform” rating for the company in a research report on Wednesday, January 17th. Six analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of C$44.45.

Capital Power Trading Up 0.6 %

Shares of Capital Power stock opened at C$36.05 on Thursday. The company has a debt-to-equity ratio of 153.08, a quick ratio of 0.55 and a current ratio of 1.29. The stock has a market capitalization 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. Capital Power has a 52-week low of C$33.90 and a 52-week high of C$46.73. The stock’s 50-day simple moving average is C$37.30 and its 200 day simple moving average is C$37.27.

Capital Power (TSE:CPX) last posted its quarterly earnings results on Wednesday, February 28th. The company reported C$0.74 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.72 by C$0.02. The company 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%. As a group, research analysts anticipate that Capital Power will post 3.2094897 EPS for the current year.

Insider Activity

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