Scotiabank Raises Capital Power (TSE:CPX) Price Target to C$43.00

Capital Power (TSE:CPXFree Report) had its price objective lifted by Scotiabank from C$40.00 to C$43.00 in a research report sent to investors on Wednesday morning, BayStreet.CA reports. Scotiabank currently has a sector perform rating on the stock.

A number of other research firms have also weighed in on CPX. National Bankshares lowered their price target on shares of Capital Power from C$45.00 to C$43.00 and set an outperform rating on the stock in a research report on Thursday, May 2nd. TD Securities lowered their price target on shares of Capital Power from C$49.00 to C$47.00 in a research report on Thursday, May 2nd. CIBC boosted their price target on shares of Capital Power from C$39.00 to C$41.00 and gave the stock a neutral rating in a research report on Wednesday. Raymond James lowered their price target 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 report on Thursday, April 25th. Finally, BMO Capital Markets decreased their target price on shares of Capital Power from C$40.00 to C$38.00 and set a market perform rating on the stock in a report on Thursday, May 2nd. Six equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of Hold and an average price target of C$45.09.

View Our Latest Report on CPX

Capital Power Stock Up 2.8 %

Shares of TSE CPX opened at C$41.85 on Wednesday. The company’s 50-day simple moving average is C$37.63 and its 200-day simple moving average is C$37.56. Capital Power has a 52-week low of C$33.90 and a 52-week high of C$45.21. The firm has a market cap of C$5.40 billion, a price-to-earnings ratio of 8.00, a price-to-earnings-growth ratio of 0.91 and a beta of 0.58. The company has a quick ratio of 0.55, a current ratio of 0.75 and a debt-to-equity ratio of 125.95.

Capital Power (TSE:CPXGet Free Report) last posted its quarterly earnings results on Wednesday, May 1st. The company reported C$1.57 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.64 by C$0.93. The firm had revenue of C$1.12 billion for the quarter. Capital Power had a net margin of 16.78% and a return on equity of 19.80%. Equities analysts predict that Capital Power will post 3.1603928 EPS for the current fiscal year.

Capital Power Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Friday, June 28th will be paid a $0.615 dividend. This represents a $2.46 dividend on an annualized basis and a dividend yield of 5.88%. The ex-dividend date of this dividend is Friday, June 28th. Capital Power’s dividend payout ratio (DPR) is 47.04%.

Insider Activity

In other 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 value of C$204,296.98. In related news, Senior Officer Jacquelyn Marie Pylypiuk sold 5,209 shares of the company’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. Also, Senior Officer Bryan Deneve bought 5,000 shares of the business’s stock in a transaction that occurred on Friday, May 10th. The shares were acquired at an average cost of C$37.14 per share, for a total transaction of C$185,700.00. Insiders own 0.17% of the company’s stock.

About Capital Power

(Get Free Report)

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.

Further Reading

Analyst Recommendations for Capital Power (TSE:CPX)

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