Capital Power (TSE:CPX) Stock Crosses Below Two Hundred Day Moving Average – Time to Sell?

Shares of Capital Power Co. (TSE:CPX) crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$66.55 and traded as low as C$63.70. Capital Power shares last traded at C$64.41, with a volume of 536,401 shares trading hands.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the stock. National Bank Financial lifted their price objective on shares of Capital Power from C$75.00 to C$82.00 and gave the stock an “outperform” rating in a research note on Monday, June 1st. BMO Capital Markets reduced their target price on shares of Capital Power from C$85.00 to C$81.00 and set an “outperform” rating for the company in a report on Thursday, July 30th. Desjardins lifted their price target on shares of Capital Power from C$82.00 to C$88.00 and gave the stock a “top pick” rating in a research report on Friday, July 3rd. Wells Fargo & Company upped their price target on Capital Power from C$72.00 to C$75.00 and gave the company an “equal weight” rating in a report on Monday, July 27th. Finally, Scotiabank cut their price objective on Capital Power from C$80.00 to C$79.00 and set a “sector outperform” rating for the company in a research report on Thursday, July 30th. Two investment analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, Capital Power has a consensus rating of “Buy” and a consensus price target of C$80.11.

Capital Power Price Performance

The company has a quick ratio of 0.55, a current ratio of 0.80 and a debt-to-equity ratio of 150.64. The stock’s 50 day moving average price is C$71.27 and its two-hundred day moving average price is C$66.60. The firm has a market capitalization of C$10.21 billion, a price-to-earnings ratio of 114.05, a P/E/G ratio of 0.91 and a beta of 0.64.

Capital Power (TSE:CPX) last announced its quarterly earnings results on Wednesday, July 29th. The company reported C($0.33) EPS for the quarter. The firm had revenue of C$714.00 million during the quarter. Capital Power had a net margin of 3.05% and a return on equity of 2.31%. Analysts anticipate that Capital Power Co. will post 2.8197088 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, insider Jason Daniel Comandante sold 1,500 shares of the stock in a transaction that occurred on Wednesday, June 24th. The stock was sold at an average price of C$74.88, for a total value of C$112,320.00. Following the completion of the sale, the insider directly owned 8,711 shares of the company’s stock, valued at approximately C$652,279.68. This represents a 14.69% decrease in their ownership of the stock. 0.17% of the stock is currently owned by insiders.

About Capital Power

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.