Scotiabank Lowers Capital Power (TSE:CPX) Price Target to C$40.00

Capital Power (TSE:CPX) had its price target decreased by analysts at Scotiabank from C$45.00 to C$40.00 in a report released on Thursday, BayStreet.CA reports. The brokerage currently has a “sector perform” rating on the stock. Scotiabank’s target price would suggest a potential upside of 10.96% from the company’s previous close.

Several other research firms also recently issued reports on CPX. Raymond James dropped 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 note on Thursday, April 25th. CIBC lowered their target price on Capital Power from C$40.00 to C$39.00 and set a “neutral” rating for the company in a research report on Thursday. Royal Bank of Canada reduced their price target on Capital Power from C$41.00 to C$39.00 and set a “sector perform” rating on the stock in a research report on Thursday. BMO Capital Markets lowered their price objective on Capital Power from C$40.00 to C$38.00 and set a “market perform” rating for the company in a research report on Thursday. Finally, 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. Six analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of C$44.45.

Capital Power Price Performance

Shares of TSE:CPX opened at C$36.05 on Thursday. Capital Power has a one year low of C$33.90 and a one year high of C$46.73. The company has a market cap of C$4.66 billion, a price-to-earnings ratio of 5.97, a PEG ratio of 0.91 and a beta of 0.57. The company has a debt-to-equity ratio of 153.08, a current ratio of 1.29 and a quick ratio of 0.55. The firm has a 50 day simple moving average of C$37.30 and a 200 day simple moving average of C$37.27.

Capital Power (TSE:CPX) last released its quarterly earnings results on Wednesday, February 28th. The company reported C$0.74 earnings per share for the quarter, topping 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 return on equity of 26.11% and a net margin of 18.29%. Research analysts predict that Capital Power will post 3.2094897 earnings per share for the current fiscal year.

Insider Buying and Selling at Capital Power

In other 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 transaction of C$204,296.98. Insiders own 0.17% of the company’s stock.

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.