Capital Power (TSE:CPX) Price Target Cut to C$47.00

Capital Power (TSE:CPX) had its price target decreased by analysts at TD Securities from C$49.00 to C$47.00 in a report issued on Thursday, BayStreet.CA reports. TD Securities’ target price would suggest a potential upside of 30.37% from the stock’s previous close.

Other equities analysts also recently issued research reports about the stock. CIBC decreased 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 note on Friday, April 19th. Royal Bank of Canada cut their price target on Capital Power from C$42.00 to C$41.00 and set a “sector perform” rating on the stock in a research report on Thursday, February 29th. Scotiabank decreased their price objective on Capital Power from C$47.00 to C$45.00 and set a “sector perform” rating for the company in a report on Wednesday, January 17th. Desjardins cut 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 report on Tuesday. Finally, National Bankshares decreased their price target on shares of Capital Power from C$48.00 to C$45.00 in a research note on Wednesday, January 17th. Six investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, Capital Power has an average 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. The stock’s 50-day simple moving average is C$37.30 and its 200-day simple moving average is C$37.27. 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 firm has a market capitalization of C$4.66 billion, a PE ratio of 5.97, a price-to-earnings-growth ratio of 0.91 and a beta of 0.57. Capital Power has a fifty-two week low of C$33.90 and a fifty-two week high of C$46.73.

Capital Power (TSE:CPX) last released its quarterly earnings data on Wednesday, February 28th. The company reported C$0.74 earnings per share 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 company had revenue of C$984.00 million for the quarter. As a group, equities research analysts forecast that Capital Power will post 3.2094897 EPS for the current fiscal year.

Insider Buying and Selling

In other Capital Power news, Senior Officer Jacquelyn Marie Pylypiuk sold 5,209 shares of Capital Power 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. 0.17% of the stock is currently 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.