Capital Power (TSE:CPX) Price Target Cut to C$40.00 by Analysts at CIBC

Capital Power (TSE:CPX) had its price objective cut by equities research analysts at CIBC from C$43.00 to C$40.00 in a report issued on Friday, BayStreet.CA reports. The firm currently has a “neutral” rating on the stock. CIBC’s price target suggests a potential upside of 11.48% from the stock’s previous close.

A number of other equities research analysts have also weighed in on the company. National Bankshares decreased their target price on Capital Power from C$48.00 to C$45.00 in a research report on Wednesday, January 17th. Royal Bank of Canada decreased their price objective on 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. Scotiabank cut their target price on shares of Capital Power from C$47.00 to C$45.00 and set a “sector perform” rating on the stock in a research report on Wednesday, January 17th. Finally, ATB Capital lowered their price target on shares of Capital Power from C$42.00 to C$41.00 and set a “sector perform” rating for the company in a research report on Wednesday, January 17th. Six investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of C$46.00.

Capital Power Trading Down 0.7 %

CPX stock traded down C$0.24 during trading on Friday, hitting C$35.88. The company had a trading volume of 141,456 shares, compared to its average volume of 406,039. Capital Power has a 52-week low of C$35.11 and a 52-week high of C$46.73. The company has a 50 day simple moving average of C$37.52 and a 200-day simple moving average of C$37.42. The firm has a market capitalization of C$4.53 billion, a P/E ratio of 5.96, a PEG ratio of 0.91 and a beta of 0.57. 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 analysts’ consensus estimates of C$0.72 by C$0.02. Capital Power had a net margin of 18.29% and a return on equity of 26.11%. The business had revenue of C$984.00 million for the quarter. As a group, research analysts forecast that Capital Power will post 3.1532468 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Senior Officer Jacquelyn Marie Pylypiuk sold 5,209 shares of the 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 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.