Royal Bank of Canada Lowers Capital Power (TSE:CPX) Price Target to C$53.00

Capital Power (TSE:CPXGet Free Report) had its price target decreased by equities research analysts at Royal Bank of Canada from C$54.00 to C$53.00 in a report released on Thursday, BayStreet.CA reports. The brokerage currently has a “sector perform” rating on the stock. Royal Bank of Canada’s price objective would indicate a potential downside of 5.61% from the company’s current price.

CPX has been the topic of several other reports. TD Securities increased their price objective on Capital Power from C$48.00 to C$57.00 and gave the company a “buy” rating in a research report on Tuesday. Desjardins increased their price target on shares of Capital Power from C$53.00 to C$54.00 and gave the company a “buy” rating in a research report on Tuesday, August 20th. CIBC boosted their price objective on shares of Capital Power from C$42.00 to C$45.00 and gave the stock a “neutral” rating in a report on Thursday, August 1st. ATB Capital upped their price objective on shares of Capital Power from C$40.00 to C$42.00 in a research note on Wednesday, July 24th. Finally, National Bankshares lifted their price objective on Capital Power from C$44.00 to C$47.00 and gave the stock an “outperform” rating in a report on Friday, August 23rd. Five analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of C$55.11.

Read Our Latest Stock Report on CPX

Capital Power Price Performance

TSE:CPX traded up C$1.85 during mid-day trading on Thursday, hitting C$56.15. 419,916 shares of the stock traded hands, compared to its average volume of 466,870. The company has a market cap of C$7.30 billion, a PE ratio of 11.12, a price-to-earnings-growth ratio of 0.91 and a beta of 0.64. Capital Power has a 12-month low of C$33.90 and a 12-month high of C$56.82. The business’s 50-day moving average price is C$48.03 and its 200 day moving average price is C$42.30. The company has a quick ratio of 0.55, a current ratio of 0.88 and a debt-to-equity ratio of 133.46.

Capital Power (TSE:CPXGet Free Report) last posted its earnings results on Wednesday, July 31st. The company reported C$0.51 EPS for the quarter, missing the consensus estimate of C$0.63 by C($0.12). The business had revenue of C$774.00 million for the quarter. Capital Power had a return on equity of 19.49% and a net margin of 16.77%. On average, analysts expect that Capital Power will post 2.8197088 EPS for the current fiscal year.

Insider Buying and Selling at Capital Power

In related news, Senior Officer Bryan Deneve sold 6,100 shares of Capital Power stock in a transaction on Friday, October 4th. The shares were sold at an average price of C$50.55, for a total value of C$308,355.00. Insiders sold 6,400 shares of company stock valued at $322,274 in the last 90 days. 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.

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