Capital Power (TSE:CPX) Stock Crosses Below 200-Day Moving Average – Should You Sell?

Capital Power Co. (TSE:CPX)’s stock price passed below its 200-day moving average during trading on Tuesday. The stock has a 200-day moving average of C$67.20 and traded as low as C$61.05. Capital Power shares last traded at C$61.48, with a volume of 413,669 shares traded.

Analyst Upgrades and Downgrades

CPX has been the subject of several research analyst reports. Desjardins raised their price target on Capital Power from C$82.00 to C$88.00 and gave the company a “top pick” rating in a report on Friday, July 3rd. BMO Capital Markets decreased their price objective on Capital Power from C$85.00 to C$81.00 and set an “outperform” rating on the stock in a report on Thursday, July 30th. Canadian Imperial Bank of Commerce lowered their target price on Capital Power from C$83.00 to C$80.00 in a research report on Tuesday, September 22nd. Scotiabank reduced their price target on shares of Capital Power from C$80.00 to C$79.00 and set a “sector outperform” rating on the stock in a research report on Thursday, July 30th. Finally, Royal Bank Of Canada set a C$80.00 price target on shares of Capital Power and gave the company an “outperform” rating in a research note on Thursday, September 17th. Two research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of C$79.80.

Capital Power Stock Performance

The company has a debt-to-equity ratio of 150.64, a current ratio of 0.80 and a quick ratio of 0.55. The business has a 50-day simple moving average of C$64.48 and a 200-day simple moving average of C$67.19. The firm has a market capitalization of C$9.65 billion, a PE ratio of 107.77, a P/E/G ratio of 0.91 and a beta of 0.61.

Capital Power (TSE:CPX) last posted its quarterly earnings data on Wednesday, July 29th. The company reported C($0.33) earnings per share (EPS) for the quarter. Capital Power had a net margin of 3.05% and a return on equity of 2.31%. The company had revenue of C$714.00 million during the quarter. Equities research analysts expect that Capital Power Co. will post 2.8197088 earnings per share for the current fiscal year.

Capital Power Company Profile

Capital Power (TSX: CPX) is a growth-oriented power producer with approximately 12 GW of power generation at 32 facilities, plus battery energy storage across North America. We prioritize safely delivering reliable and affordable power communities can depend on, building lower-carbon power systems, and creating balanced solutions for our energy future.