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

Capital Power Co. (TSE:CPX)’s share price passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$62.48 and traded as low as C$58.31. Capital Power shares last traded at C$58.39, with a volume of 1,186,049 shares.

Analyst Ratings Changes

CPX has been the topic of several analyst reports. TD Securities increased their price target on shares of Capital Power from C$72.00 to C$78.00 and gave the stock a “buy” rating in a research report on Tuesday, October 28th. ATB Capital set a C$75.00 target price on Capital Power and gave the company an “outperform” rating in a report on Tuesday, December 23rd. BMO Capital Markets lowered their price target on Capital Power from C$79.00 to C$78.00 and set an “outperform” rating for the company in a report on Thursday, December 11th. Scotiabank raised their price objective on Capital Power from C$75.00 to C$80.00 and gave the company a “sector perform” rating in a research note on Monday, October 20th. Finally, CIBC lifted their target price on Capital Power from C$81.00 to C$82.00 in a research report on Wednesday, January 21st. Two investment analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Capital Power has a consensus rating of “Buy” and a consensus target price of C$76.56.

Capital Power Stock Down 2.3%

The stock has a market capitalization of C$9.09 billion, a P/E ratio of 21.00, a P/E/G ratio of 0.91 and a beta of 0.53. The company has a debt-to-equity ratio of 136.03, a current ratio of 1.05 and a quick ratio of 0.55. The firm has a 50-day simple moving average of C$60.18 and a 200 day simple moving average of C$62.48.

Capital Power (TSE:CPX) last released its quarterly earnings data on Wednesday, October 29th. The company reported C$0.94 earnings per share (EPS) for the quarter. Capital Power had a return on equity of 15.16% and a net margin of 15.53%.The company had revenue of C$1.20 billion during the quarter. On average, equities research analysts forecast that Capital Power Co. will post 2.8197088 EPS for the current year.

About Capital Power

Capital Power Corp is a North American power producer whose principal activities are developing, acquiring, and operating power plants. Through its subsidiary, Capital Power owns and operates a portfolio of natural gas, coal, wind, solar, and solid fuel energy generating facilities. These are located throughout Western and Central Canada and the U.S. Capital Power’s natural gas and coal facilities, specifically its Genesee and Shepard sites, account for most of its electric capacity and cash flow production.