Capital Power (TSE:CPX) Share Price Passes Above 200-Day Moving Average – Here’s What Happened

Capital Power Co. (TSE:CPX)’s share price crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$63.38 and traded as high as C$66.18. Capital Power shares last traded at C$65.89, with a volume of 713,100 shares changing hands.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the company. Desjardins boosted their target price on Capital Power from C$80.00 to C$82.00 and gave the stock a “buy” rating in a research report on Thursday, January 8th. ATB Cormark Capital Markets set a C$75.00 price target on shares of Capital Power and gave the company an “outperform” rating in a research report on Tuesday, December 23rd. BMO Capital Markets decreased their price target on shares of Capital Power from C$79.00 to C$78.00 and set an “outperform” rating on the stock in a research note on Thursday, December 11th. Canadian Imperial Bank of Commerce upped their price objective on shares of Capital Power from C$81.00 to C$82.00 in a research note on Wednesday, January 21st. Finally, National Bank Financial set a C$74.00 target price on shares of Capital Power and gave the company an “outperform” rating in a report on Wednesday, December 17th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of C$76.56.

Capital Power Trading Up 1.2%

The company has a debt-to-equity ratio of 141.73, a quick ratio of 0.55 and a current ratio of 0.94. The firm has a 50-day moving average of C$61.78 and a 200-day moving average of C$63.38. The firm has a market capitalization of C$10.31 billion, a P/E ratio of 74.88, a price-to-earnings-growth ratio of 0.91 and a beta of 0.65.

Capital Power (TSE:CPX) last announced its quarterly earnings data on Wednesday, March 4th. The company reported C($0.13) earnings per share for the quarter. Capital Power had a net margin of 4.82% and a return on equity of 3.30%. The company had revenue of C$1.06 billion during the quarter. On average, equities research analysts anticipate that Capital Power Co. will post 2.8197088 EPS for the current fiscal year.

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.