Capital Power (TSE:CPX) Trading Down 10.8% – Time to Sell?

Shares of Capital Power Co. (TSE:CPX) fell 10.8% during trading on Monday . The company traded as low as C$52.17 and last traded at C$54.47. 374,877 shares were traded during mid-day trading, a decline of 45% from the average session volume of 687,700 shares. The stock had previously closed at C$61.06.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on CPX. TD Securities increased their price target on Capital Power from C$61.00 to C$70.00 and gave the company a “buy” rating in a research note on Wednesday, December 4th. CIBC increased their price objective on Capital Power from C$54.00 to C$68.00 and gave the stock a “neutral” rating in a report on Monday, December 30th. Royal Bank of Canada cut their price target 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. Atb Cap Markets lowered shares of Capital Power from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 30th. Finally, Desjardins boosted their target price on Capital Power from C$60.00 to C$64.00 and gave the stock a “buy” rating in a report on Wednesday, December 18th. Six research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, Capital Power presently has a consensus rating of “Hold” and a consensus price target of C$62.78.

Capital Power Stock Performance

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 company has a 50 day simple moving average of C$61.95 and a 200-day simple moving average of C$52.08. The stock has a market cap of C$6.66 billion, a P/E ratio of 10.16, a price-to-earnings-growth ratio of 0.91 and a beta of 0.64.

Capital Power (TSE:CPX) last announced its quarterly earnings results on Wednesday, October 30th. The company reported C$1.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$0.96 by C$0.36. Capital Power had a return on equity of 19.49% and a net margin of 16.77%. During the same quarter in the prior year, the firm posted $2.26 EPS. On average, equities analysts expect that Capital Power Co. will post 2.8197088 earnings per share for the current fiscal year.

Capital Power Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Tuesday, December 31st will be issued a $0.652 dividend. This represents a $2.61 annualized dividend and a yield of 5.08%. The ex-dividend date of this dividend is Tuesday, December 31st. Capital Power’s dividend payout ratio is currently 51.68%.

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.