Capital Power (TSE:CPX) Price Target Lowered to C$49.00 at Desjardins

Capital Power (TSE:CPX) had its target price trimmed by Desjardins from C$51.00 to C$49.00 in a research report sent to investors on Tuesday, BayStreet.CA reports. The brokerage currently has a buy rating on the stock.

A number of other research firms have also recently weighed in on CPX. Royal Bank of Canada cut their price objective on shares of Capital Power from C$42.00 to C$41.00 and set a sector perform rating for the company in a report on Thursday, February 29th. ATB Capital decreased their target price on shares of 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. Scotiabank decreased their price target 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. CIBC lowered their price objective on shares of Capital Power from C$43.00 to C$40.00 and set a neutral rating for the company in a research report on Friday, April 19th. Finally, National Bankshares lowered their target price on Capital Power from C$48.00 to C$45.00 in a report on Wednesday, January 17th. Six analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Capital Power has a consensus rating of Hold and an average price target of C$45.73.

Capital Power Stock Performance

Shares of CPX opened at C$35.93 on Tuesday. 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 50-day moving average of C$37.39 and a two-hundred day moving average of C$37.31. The stock has a market cap of C$4.54 billion, a P/E ratio of 5.95, a P/E/G ratio of 0.91 and a beta of 0.57. Capital Power has a one year low of C$35.11 and a one year high of C$46.73.

Capital Power (TSE:CPX) last released its earnings results on Wednesday, February 28th. The company reported C$0.74 EPS for the quarter, topping analysts’ consensus estimates 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%. As a group, research analysts predict that Capital Power will post 3.1532468 EPS for the current year.

Capital Power Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 30th. Stockholders of record on Thursday, March 28th were given a dividend of $0.615 per share. This represents a $2.46 annualized dividend and a dividend yield of 6.85%. The ex-dividend date was Wednesday, March 27th. Capital Power’s dividend payout ratio (DPR) is presently 40.73%.

Insider Activity at Capital Power

In related news, Senior Officer Jacquelyn Marie Pylypiuk sold 5,209 shares of the company’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. 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.