Capital Power (TSE:CPX) Price Target Raised to C$42.00 at CIBC

Capital Power (TSE:CPX) had its price objective raised by CIBC from C$41.00 to C$42.00 in a research report report published on Monday, BayStreet.CA reports. The brokerage currently has a neutral rating on the stock.

Several other research firms have also weighed in on CPX. Desjardins dropped their price target on Capital Power from C$53.00 to C$52.00 and set a buy rating on the stock in a research report on Thursday, June 6th. Scotiabank increased their price target on shares of Capital Power from C$40.00 to C$43.00 and gave the stock a sector perform rating in a research report on Wednesday, June 12th. Raymond James decreased 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 report on Thursday, April 25th. ATB Capital set a C$40.00 target price on shares of Capital Power and gave the stock a sector perform rating in a research report on Thursday, June 6th. Finally, National Bankshares cut their price target on Capital Power from C$45.00 to C$43.00 and set an outperform rating for the company in a research note on Thursday, May 2nd. Six analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of Hold and a consensus target price of C$45.36.

Capital Power Price Performance

CPX stock opened at C$40.66 on Monday. Capital Power has a one year low of C$33.90 and a one year high of C$42.37. The firm has a 50-day moving average of C$39.82 and a two-hundred day moving average of C$38.08. The firm has a market capitalization of C$5.25 billion, a PE ratio of 7.77, a P/E/G ratio of 0.91 and a beta of 0.58. The company has a current ratio of 0.75, a quick ratio of 0.55 and a debt-to-equity ratio of 125.95.

Capital Power (TSE:CPX) last issued its quarterly earnings results on Wednesday, May 1st. The company reported C$1.57 EPS for the quarter, beating 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 business had revenue of C$1.12 billion during the quarter. On average, analysts forecast that Capital Power will post 3.1603928 earnings per share for the current year.

Capital Power Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Friday, June 28th will be given a $0.615 dividend. This represents a $2.46 annualized dividend and a dividend yield of 6.05%. The ex-dividend date of this dividend is Friday, June 28th. Capital Power’s dividend payout ratio is currently 47.04%.

Insider Transactions at Capital Power

In other Capital Power news, Senior Officer Bryan Deneve bought 5,000 shares of the stock in a transaction on Friday, May 10th. The shares were purchased at an average price of C$37.14 per share, with a total value of C$185,700.00. 0.17% of the stock is currently owned by corporate insiders.

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.