Capital Power (TSE:CPX) Trading Down 10.8% – Here’s Why

Capital Power Co. (TSE:CPX)’s share price dropped 10.8% on Monday . The company traded as low as C$52.17 and last traded at C$54.47. Approximately 374,877 shares changed hands during trading, a decline of 45% from the average daily volume of 687,700 shares. The stock had previously closed at C$61.06.

Wall Street Analysts Forecast Growth

CPX has been the topic of a number of research analyst reports. Scotiabank boosted their target price on Capital Power from C$66.00 to C$69.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 18th. Atb Cap Markets cut shares of Capital Power from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 30th. CIBC increased their price objective on shares of Capital Power from C$54.00 to C$68.00 and gave the company a “neutral” rating in a research report on Monday, December 30th. Royal Bank of Canada decreased their target price on shares of Capital Power from C$54.00 to C$53.00 and set a “sector perform” rating on the stock in a research report on Thursday, October 31st. Finally, BMO Capital Markets lifted their price target on Capital Power from C$56.00 to C$68.00 and gave the stock a “market perform” rating in a research report on Wednesday, December 18th. Six analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of C$62.78.

Capital Power Stock Up 0.2 %

The company has a debt-to-equity ratio of 133.46, a current ratio of 0.88 and a quick ratio of 0.55. The business has a fifty day moving average of C$61.67 and a 200-day moving average of C$52.25. The stock has a market cap of C$6.60 billion, a PE ratio of 10.05, a price-to-earnings-growth ratio of 0.91 and a beta of 0.64.

Capital Power (TSE:CPX) last posted its quarterly earnings results on Wednesday, October 30th. The company reported C$1.32 EPS for the quarter, beating the consensus estimate of C$0.96 by C$0.36. Capital Power had a net margin of 16.77% and a return on equity of 19.49%. During the same period last year, the company posted $2.26 earnings per share. Equities research analysts anticipate that Capital Power Co. will post 2.8197088 earnings per share for the current year.

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.