CIBC Trims Capital Power (TSE:CPX) Target Price to C$39.00

Capital Power (TSE:CPX) had its target price cut by investment analysts at CIBC from C$40.00 to C$39.00 in a research note issued to investors on Thursday, BayStreet.CA reports. The brokerage currently has a “neutral” rating on the stock. CIBC’s price target points to a potential upside of 8.18% from the company’s previous close.

CPX has been the topic of a number of other reports. BMO Capital Markets reduced their price objective 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. ATB Capital 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 note on Wednesday, January 17th. Raymond James dropped their price objective on Capital Power from C$46.00 to C$45.00 and set a “market perform” rating on the stock in a report on Thursday, April 25th. Royal Bank of Canada cut their target price on Capital Power from C$41.00 to C$39.00 and set a “sector perform” rating on the stock in a research report on Thursday. Finally, TD Securities dropped their price target on shares of Capital Power from C$49.00 to C$47.00 in a research note on Thursday. 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.com, the company has an average rating of “Hold” and an average price target of C$44.45.

Capital Power Price Performance

Capital Power stock opened at C$36.05 on Thursday. The company has a quick ratio of 0.55, a current ratio of 1.29 and a debt-to-equity ratio of 153.08. Capital Power has a 52-week low of C$33.90 and a 52-week high of C$46.73. The firm has a market cap 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. The company’s 50 day moving average is C$37.30 and its two-hundred day moving average is C$37.27.

Capital Power (TSE:CPX) last announced its quarterly earnings data on Wednesday, February 28th. The company reported C$0.74 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.72 by C$0.02. Capital Power had a return on equity of 26.11% and a net margin of 18.29%. The business had revenue of C$984.00 million for the quarter. On average, research analysts expect that Capital Power will post 3.2094897 EPS for the current fiscal year.

Insider Activity 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 stock was sold at an average price of C$39.22, for a total transaction of C$204,296.98. 0.17% of the stock is owned by 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.