Capital Power (TSE:CPX) Price Target Cut to C$45.00

Capital Power (TSE:CPX - Get Free Report) had its price objective reduced by equities research analysts at Raymond James from C$46.00 to C$45.00 in a research note issued to investors on Thursday, BayStreet.CA reports. The firm currently has a "market perform" rating on the stock. Raymond James' price target indicates a potential upside of 27.15% from the stock's previous close.

Several other brokerages have also weighed in on CPX. Royal Bank of Canada dropped their target price 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. CIBC cut their price objective on shares of Capital Power from C$43.00 to C$40.00 and set a "neutral" rating on the stock in a research report on Friday, April 19th. ATB Capital decreased their target price on shares of Capital Power from C$42.00 to C$41.00 and set a "sector perform" rating for the company 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 report on Wednesday, January 17th. Finally, National Bankshares reduced their price objective on Capital Power from C$48.00 to C$45.00 in a research report on Wednesday, January 17th. Six research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of C$45.91.

Capital Power Stock Performance

Shares of TSE:CPX traded down C$0.24 during trading on Thursday, reaching C$35.39. 454,364 shares of the company's stock traded hands, compared to its average volume of 413,777. The stock has a market capitalization of C$4.47 billion, a P/E ratio of 5.85, a price-to-earnings-growth ratio of 0.91 and a beta of 0.57. Capital Power has a 12 month low of C$35.11 and a 12 month high of C$46.73. The company has a 50 day moving average of C$37.49 and a 200-day moving average of C$37.39. The company has a debt-to-equity ratio of 153.08, a current ratio of 1.29 and a quick ratio of 0.55.

Capital Power (TSE:CPX - Get Free Report) last issued its earnings results on Wednesday, February 28th. The company reported C$0.74 EPS for the quarter, beating analysts' consensus estimates of C$0.72 by C$0.02. The company had revenue of C$984.00 million during the quarter. Capital Power had a return on equity of 26.11% and a net margin of 18.29%. On average, equities analysts expect that Capital Power will post 3.1532468 EPS for the current year.

Insider Buying and Selling

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 value of C$204,296.98. 0.17% of the stock is 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.