Capital Power (TSE:CPX) Given New C$41.00 Price Target at CIBC

Capital Power (TSE:CPX) had its price target boosted by CIBC from C$39.00 to C$41.00 in a research report sent to investors on Wednesday, BayStreet.CA reports. They currently have a neutral rating on the stock.

Several other analysts have also issued reports on CPX. Royal Bank of Canada reduced 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 research note on Thursday, May 2nd. Raymond James reduced their price target on shares of Capital Power from C$46.00 to C$45.00 and set a market perform rating for the company in a research report on Thursday, April 25th. Scotiabank reduced their price target on shares of Capital Power from C$45.00 to C$40.00 and set a sector perform rating for the company in a research report on Thursday, May 2nd. Desjardins reduced their price target on shares of Capital Power from C$53.00 to C$52.00 and set a buy rating for the company in a research report on Thursday, June 6th. Finally, TD Securities reduced their price target on shares of Capital Power from C$49.00 to C$47.00 in a research report on Thursday, May 2nd. Six analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of Hold and an average price target of C$45.09.

Capital Power Stock Performance

CPX opened at C$41.85 on Wednesday. The company has a current ratio of 0.75, a quick ratio of 0.55 and a debt-to-equity ratio of 125.95. The company’s fifty day moving average price is C$37.63 and its two-hundred day moving average price is C$37.57. Capital Power has a 1-year low of C$33.90 and a 1-year high of C$45.21. The company has a market cap of C$5.40 billion, a price-to-earnings ratio of 8.00, a PEG ratio of 0.91 and a beta of 0.58.

Capital Power (TSE:CPX) last released its quarterly earnings data on Wednesday, May 1st. The company reported C$1.57 earnings per share for the quarter, topping the consensus estimate of C$0.64 by C$0.93. Capital Power had a net margin of 16.78% and a return on equity of 19.80%. The firm had revenue of C$1.12 billion for the quarter. On average, analysts expect that Capital Power will post 3.1603928 EPS for the current fiscal year.

Capital Power Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Friday, June 28th will be issued a $0.615 dividend. This represents a $2.46 dividend on an annualized basis and a dividend yield of 5.88%. The ex-dividend date is Friday, June 28th. Capital Power’s payout ratio is 47.04%.

Insider Transactions at Capital Power

In other news, Senior Officer Bryan Deneve purchased 5,000 shares of the stock in a transaction dated Friday, May 3rd. The shares were purchased at an average cost of C$35.80 per share, with a total value of C$179,005.00. In related news, Senior Officer Jacquelyn Marie Pylypiuk sold 5,209 shares of the firm’s 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. Also, Senior Officer Bryan Deneve purchased 5,000 shares of the firm’s stock in a transaction on Friday, May 3rd. The shares were acquired at an average cost of C$35.80 per share, for a total transaction of C$179,005.00. 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.