Capital Power (TSE:CPX) Stock Crosses Below 200-Day Moving Average – Here’s Why

Capital Power Co. (TSE:CPX) shares passed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$62.35 and traded as low as C$58.00. Capital Power shares last traded at C$58.65, with a volume of 535,102 shares.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on CPX shares. BMO Capital Markets reduced their target price 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. Royal Bank Of Canada boosted their price objective on shares of Capital Power from C$67.00 to C$80.00 and gave the company an “outperform” rating in a research note on Thursday, October 30th. Desjardins increased their target price on shares of Capital Power from C$80.00 to C$82.00 and gave the stock a “buy” rating in a research note on Thursday, January 8th. ATB Capital 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. Finally, TD Securities upped 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 report on Tuesday, October 28th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of C$76.56.

Capital Power Trading Down 0.2%

The stock has a 50 day moving average of C$59.91 and a 200 day moving average of C$62.35. 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 market cap of C$9.13 billion, a P/E ratio of 21.10, a PEG ratio of 0.91 and a beta of 0.66.

Capital Power (TSE:CPX) last posted its quarterly earnings data on Wednesday, October 29th. The company reported C$0.94 earnings per share (EPS) for the quarter. The firm had revenue of C$1.20 billion during the quarter. Capital Power had a return on equity of 15.16% and a net margin of 15.53%. As a group, equities research analysts predict 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.