Capital Power (TSE:CPX) Stock Price Crosses Below 200 Day Moving Average – Here’s What Happened

Capital Power Co. (TSE:CPX)’s stock price passed below its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of C$67.19 and traded as low as C$63.12. Capital Power shares last traded at C$64.04, with a volume of 525,067 shares traded.

Analyst Ratings Changes

Several research analysts recently commented on CPX shares. BMO Capital Markets reduced their price objective on Capital Power from C$85.00 to C$81.00 and set an “outperform” rating for the company in a research note on Thursday, July 30th. Royal Bank Of Canada set a C$80.00 target price on shares of Capital Power and gave the stock an “outperform” rating in a report on Thursday, September 17th. Wells Fargo & Company increased their target price on shares of Capital Power from C$72.00 to C$75.00 and gave the company an “equal weight” rating in a research report on Monday, July 27th. Scotiabank decreased 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 note on Thursday, July 30th. Finally, Desjardins boosted 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. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of C$79.80.

Capital Power Price 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 stock has a 50 day simple moving average of C$63.66 and a two-hundred day simple moving average of C$67.18. The company has a market cap of C$10.14 billion, a price-to-earnings ratio of 113.26, a price-to-earnings-growth ratio of 0.91 and a beta of 0.60.

Capital Power (TSE:CPX) last issued its earnings results on Wednesday, July 29th. The company reported C($0.33) earnings per share (EPS) for the quarter. Capital Power had a return on equity of 2.31% and a net margin of 3.05%. The company had revenue of C$714.00 million during the quarter. On average, equities research analysts predict that Capital Power Co. will post 2.82 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.