Capital Power (TSE:CPX) Given New C$45.00 Price Target at Raymond James

Capital Power (TSE:CPX) had its price objective cut by Raymond James from C$46.00 to C$45.00 in a report issued on Thursday, BayStreet.CA reports. They currently have a market perform rating on the stock. Raymond James also issued estimates for Capital Power’s Q2 2024 earnings at $0.72 EPS, Q1 2025 earnings at $0.83 EPS, Q2 2025 earnings at $0.61 EPS, Q3 2025 earnings at $1.18 EPS, Q4 2025 earnings at $0.73 EPS and FY2025 earnings at $3.35 EPS.

CPX has been the topic of several other reports. CIBC reduced their price target on 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. National Bankshares reduced their target price on Capital Power from C$48.00 to C$45.00 in a report on Wednesday, January 17th. Royal Bank of Canada reduced their target price on 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. ATB Capital reduced their target price on Capital Power from C$42.00 to C$41.00 and set a sector perform rating on the stock in a report on Wednesday, January 17th. Finally, Scotiabank reduced 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 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’s stock. Based on data from MarketBeat, the stock has a consensus rating of Hold and a consensus target price of C$45.91.

Capital Power Stock Down 0.2 %

CPX stock opened at C$35.31 on Thursday. The company has a market cap of C$4.46 billion, a PE ratio of 5.85, a price-to-earnings-growth ratio of 0.91 and a beta of 0.57. The business has a 50-day simple moving average of C$37.45 and a 200 day simple moving average of C$37.36. Capital Power has a 52 week low of C$35.11 and a 52 week high of C$46.73. The company has a quick ratio of 0.55, a current ratio of 1.29 and a debt-to-equity ratio of 153.08.

Capital Power (TSE:CPX) last issued its earnings results on Wednesday, February 28th. The company reported C$0.74 EPS for the quarter, topping the consensus estimate of C$0.72 by C$0.02. The firm had revenue of C$984.00 million during the quarter. Capital Power had a return on equity of 26.11% and a net margin of 18.29%. Sell-side analysts anticipate that Capital Power will post 3.1532468 EPS for the current fiscal year.

Capital Power Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Thursday, March 28th will be paid a dividend of $0.615 per share. The ex-dividend date of this dividend is Wednesday, March 27th. This represents a $2.46 annualized dividend and a dividend yield of 6.97%. 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 the stock in a transaction on Monday, March 25th. The stock was sold at an average price of C$39.22, for a total transaction of C$204,296.98. 0.17% of the stock is owned by corporate 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.