Capital Power (TSE:CPX) Given New C$39.00 Price Target at CIBC

Capital Power (TSE:CPX) had its price objective lowered by equities researchers at CIBC from C$40.00 to C$39.00 in a report released on Thursday, BayStreet.CA reports. The firm currently has a “neutral” rating on the stock. CIBC’s price target indicates a potential upside of 9.46% from the stock’s current price.

CPX has been the subject of a number of other research reports. Desjardins lowered their price target on shares of Capital Power from C$51.00 to C$49.00 and set a “buy” rating for the company in a report on Tuesday. National Bankshares lowered their target price on Capital Power from C$45.00 to C$43.00 and set an “outperform” rating for the company in a research note on Thursday. Raymond James dropped their target price on Capital Power from C$46.00 to C$45.00 and set a “market perform” rating for the company in a research report on Thursday, April 25th. Royal Bank of Canada decreased 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 report on Thursday. Finally, TD Securities dropped their price objective on Capital Power from C$49.00 to C$47.00 in a report on Thursday. Six investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of C$44.45.

Capital Power Price Performance

Capital Power stock traded up C$0.10 on Thursday, reaching C$35.63. The company’s stock had a trading volume of 180,154 shares, compared to its average volume of 427,596. The business’s fifty day moving average price is C$37.36 and its 200 day moving average price is C$37.30. 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 company has a market cap of C$4.50 billion, a price-to-earnings ratio of 5.92, a PEG ratio of 0.91 and a beta of 0.57. Capital Power has a twelve month low of C$33.90 and a twelve month high of C$46.73.

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, topping 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 net margin of 18.29% and a return on equity of 26.11%. Equities analysts expect that Capital Power will post 3.1532468 earnings per share for the current fiscal year.

Insider Activity 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 shares were sold at an average price of C$39.22, for a total transaction 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.