Royal Bank of Canada Trims Capital Power (TSE:CPX) Target Price to C$39.00

Capital Power (TSE:CPX) had its price objective decreased by Royal Bank of Canada from C$41.00 to C$39.00 in a report published on Thursday, BayStreet.CA reports. Royal Bank of Canada currently has a sector perform rating on the stock.

Several other research analysts have also issued reports on the stock. Desjardins reduced their target price on shares of Capital Power from C$51.00 to C$49.00 and set a buy rating on the stock in a research note on Tuesday, April 30th. Raymond James reduced their price objective on shares of Capital Power from C$46.00 to C$45.00 and set a market perform rating on the stock in a research note on Thursday, April 25th. TD Securities lowered their target price on shares of Capital Power from C$49.00 to C$47.00 in a report on Thursday. Scotiabank cut 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. Finally, National Bankshares decreased their price objective on Capital Power from C$48.00 to C$45.00 in a research note on Wednesday, January 17th. Six research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of Hold and a consensus target price of C$44.45.

Capital Power Stock Up 0.6 %

TSE:CPX opened at C$36.05 on Thursday. The stock’s fifty day moving average price is C$37.30 and its two-hundred day moving average price is C$37.27. The company has a market cap of C$4.66 billion, a price-to-earnings ratio of 5.97, a P/E/G ratio of 0.91 and a beta of 0.57. Capital Power has a 52-week low of C$33.90 and a 52-week high of C$46.73. The company has a debt-to-equity ratio of 153.08, a quick ratio of 0.55 and a current ratio of 1.29.

Capital Power (TSE:CPX) last issued its quarterly earnings results on Wednesday, February 28th. The company reported C$0.74 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.72 by C$0.02. The business 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%. On average, analysts anticipate that Capital Power will post 3.2094897 EPS for the current year.

Capital Power Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 31st. Investors of record on Friday, June 28th will be paid a dividend of $0.615 per share. This represents a $2.46 annualized dividend and a yield of 6.82%. The ex-dividend date is Friday, June 28th. Capital Power’s payout ratio is presently 40.73%.

Insider Buying and Selling at Capital Power

In related news, Senior Officer Jacquelyn Marie Pylypiuk sold 5,209 shares of the business’s stock in a transaction that occurred on Monday, March 25th. The stock was sold at an average price of C$39.22, for a total value 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.