CIBC Lowers Capital Power (TSE:CPX) Price Target to C$40.00

Capital Power (TSE:CPX - Get Free Report) had its target price lowered by investment analysts at CIBC from C$43.00 to C$40.00 in a research report issued to clients and investors on Friday, BayStreet.CA reports. The brokerage presently has a "neutral" rating on the stock. CIBC's target price would indicate a potential upside of 11.36% from the company's previous close.

Other equities research analysts have also issued research reports about the company. ATB Capital reduced 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 Wednesday, January 17th. 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. Royal Bank of Canada lowered their price target 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. Finally, National Bankshares cut their price objective on shares of Capital Power from C$48.00 to C$45.00 in a report on Wednesday, January 17th. Six research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of C$46.00.

Capital Power Price Performance

CPX stock traded down C$0.20 during mid-day trading on Friday, reaching C$35.92. The company's stock had a trading volume of 272,543 shares, compared to its average volume of 407,939. Capital Power has a fifty-two week low of C$35.11 and a fifty-two week high of C$46.73. The stock has a market cap of C$4.54 billion, a PE ratio of 5.95, a P/E/G ratio of 0.91 and a beta of 0.57. The company has a current ratio of 1.29, a quick ratio of 0.55 and a debt-to-equity ratio of 153.08. The company's 50 day moving average is C$37.52 and its two-hundred day moving average is C$37.42.

Capital Power (TSE:CPX - Get Free Report) last posted its earnings results on Wednesday, February 28th. The company reported C$0.74 earnings per share for the quarter, beating the consensus estimate 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 firm had revenue of C$984.00 million during the quarter. Equities research analysts expect that Capital Power will post 3.1532468 EPS for the current year.

Insider Buying and Selling at Capital Power

In related news, Senior Officer Jacquelyn Marie Pylypiuk sold 5,209 shares of the firm's stock in a transaction dated Monday, March 25th. The shares were sold at an average price of C$39.22, for a total value of C$204,296.98. 0.17% of the stock is 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.