Capital Power (TSE:CPX) Shares Down 10.8% - Time to Sell?

Capital Power Co. (TSE:CPX - Get Free Report)'s stock price was down 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.

Analyst Ratings Changes

CPX has been the topic of a number of recent research reports. CIBC raised 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 note on Monday, December 30th. Scotiabank increased their price target on Capital Power from C$66.00 to C$69.00 and gave the company an "outperform" rating in a research report on Wednesday, December 18th. ATB Capital upped their target price on shares of Capital Power from C$57.00 to C$63.00 and gave the stock a "sector perform" rating in a research note on Wednesday, December 18th. 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, National Bankshares upped their price objective on shares of Capital Power from C$56.00 to C$65.00 and gave the stock an "outperform" rating in a research report on Wednesday, December 18th. Six investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, Capital Power has a consensus rating of "Hold" and an average price target of C$62.78.

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Capital Power Trading Down 17.0 %

The company has a quick ratio of 0.55, a current ratio of 0.88 and a debt-to-equity ratio of 133.46. The firm has a 50 day moving average of C$61.82 and a 200 day moving average of C$52.16. The firm has a market cap of C$6.59 billion, a PE ratio of 10.04, a P/E/G ratio of 0.91 and a beta of 0.64.

Capital Power (TSE:CPX - Get Free Report) last posted its quarterly earnings results on Wednesday, October 30th. The company reported C$1.32 earnings per share for the quarter, topping the consensus estimate 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 business posted $2.26 earnings per share. Equities analysts anticipate that Capital Power Co. will post 2.8197088 earnings per share for the current year.

Capital Power Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Tuesday, December 31st will be given a $0.652 dividend. This represents a $2.61 annualized dividend and a dividend yield of 5.14%. The ex-dividend date is Tuesday, December 31st. Capital Power's dividend payout ratio (DPR) 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.