Capital Power (TSE:CPX) Shares Cross Below Two Hundred Day Moving Average – What’s Next?

Capital Power Co. (TSE:CPX)’s share price passed below its 200-day moving average during trading on Friday. The stock has a 200-day moving average of C$67.13 and traded as low as C$62.23. Capital Power shares last traded at C$62.32, with a volume of 212,089 shares.

Analysts Set New Price Targets

Several research firms recently commented on CPX. Desjardins increased 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. Royal Bank Of Canada set a C$80.00 price objective on Capital Power and gave the stock an “outperform” rating in a research report on Thursday, September 17th. TD set a C$80.00 price objective on Capital Power and gave the stock a “buy” rating in a research note on Thursday, September 17th. BMO Capital Markets lowered their price objective on Capital Power from C$85.00 to C$81.00 and set an “outperform” rating on the stock in a research note on Thursday, July 30th. Finally, Wells Fargo & Company upped their target price 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. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of C$79.80.

Capital Power Price Performance

The stock has a market cap of C$9.79 billion, a PE ratio of 109.33, a price-to-earnings-growth ratio of 0.91 and a beta of 0.60. The stock’s fifty day moving average is C$63.43 and its 200-day moving average is C$67.13. The company has a debt-to-equity ratio of 150.64, a current ratio of 0.80 and a quick ratio of 0.55.

Capital Power (TSE:CPX) last issued its 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 for the quarter. Capital Power had a return on equity of 2.31% and a net margin of 3.05%. As a group, equities analysts anticipate that Capital Power Co. will post 2.82 EPS for the current 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.