CIBC Boosts Capital Power (TSE:CPX) Price Target to C$42.00

Capital Power (TSE:CPX) had its price objective upped by CIBC from C$41.00 to C$42.00 in a research note issued to investors on Monday, BayStreet.CA reports. CIBC currently has a neutral rating on the stock.

CPX has been the topic of a number of other research reports. BMO Capital Markets cut 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 research report on Thursday, May 2nd. Royal Bank of Canada reduced their price objective on Capital Power from C$41.00 to C$39.00 and set a sector perform rating for the company in a research note on Thursday, May 2nd. Scotiabank upped their target price on Capital Power from C$40.00 to C$43.00 and gave the stock a sector perform rating in a research report on Wednesday, June 12th. Desjardins cut their target price on Capital Power from C$53.00 to C$52.00 and set a buy rating on the stock in a report on Thursday, June 6th. Finally, Raymond James decreased their price target on shares of Capital Power from C$46.00 to C$45.00 and set a market perform rating for the company in a research note on Thursday, April 25th. Six research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, Capital Power currently has a consensus rating of Hold and a consensus price target of C$45.36.

Capital Power Price Performance

Shares of CPX opened at C$40.66 on Monday. The firm has a market cap of C$5.25 billion, a PE ratio of 7.77, a price-to-earnings-growth ratio of 0.91 and a beta of 0.58. Capital Power has a 52-week low of C$33.90 and a 52-week high of C$42.37. The business’s 50 day moving average price is C$39.82 and its two-hundred day moving average price is C$38.08. The company has a debt-to-equity ratio of 125.95, a quick ratio of 0.55 and a current ratio of 0.75.

Capital Power (TSE:CPX) last released its earnings results on Wednesday, May 1st. The company reported C$1.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$0.64 by C$0.93. The company 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%. On average, equities analysts anticipate that Capital Power will post 3.1603928 EPS for the current year.

Capital Power Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 31st. Shareholders of record on Friday, June 28th will be issued a dividend of $0.615 per share. This represents a $2.46 dividend on an annualized basis and a yield of 6.05%. The ex-dividend date of this dividend is Friday, June 28th. Capital Power’s dividend payout ratio is 47.04%.

Insider Transactions at Capital Power

In related news, Senior Officer Bryan Deneve sold 2,441 shares of the firm’s stock in a transaction dated Friday, June 14th. The shares were sold at an average price of C$40.38, for a total transaction of C$98,577.10. Company insiders own 0.17% of the company’s stock.

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.