Capital Power (TSE:CPX) Stock Crosses Above 200 Day Moving Average - Here's What Happened

Capital Power Co. (TSE:CPX - Get Free Report) passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$53.28 and traded as high as C$59.24. Capital Power shares last traded at C$58.67, with a volume of 627,357 shares.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on CPX shares. Desjardins increased their price target on shares of Capital Power from C$67.00 to C$68.00 and gave the company a "buy" rating in a research report on Thursday, May 1st. National Bankshares reduced their price objective on Capital Power from C$65.00 to C$62.00 and set an "outperform" rating for the company in a report on Thursday, May 1st. TD Securities cut their price target on Capital Power from C$70.00 to C$66.00 and set a "buy" rating for the company in a research note on Wednesday, April 23rd. CIBC raised their price target on Capital Power from C$66.00 to C$72.00 in a report on Thursday, July 10th. Finally, BMO Capital Markets upgraded shares of Capital Power from a "market perform" rating to an "outperform" rating in a research report on Wednesday, April 23rd. Four research analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of C$64.00.

Capital Power Stock Performance

The company has a debt-to-equity ratio of 136.03, a quick ratio of 0.55 and a current ratio of 1.05. The business has a 50 day moving average price of C$55.60 and a two-hundred day moving average price of C$53.28. The company has a market cap of C$8.48 billion, a P/E ratio of 14.26, a price-to-earnings-growth ratio of 0.91 and a beta of 0.64.

Insider Activity at Capital Power

In other Capital Power news, Senior Officer Jacquelyn Marie Pylypiuk sold 962 shares of the company's stock in a transaction on Thursday, May 15th. The shares were sold at an average price of C$53.63, for a total value of C$51,590.14. Also, Senior Officer Sandra Anne Haskins sold 5,710 shares of the company's stock in a transaction on Friday, May 9th. The stock was sold at an average price of C$53.00, for a total transaction of C$302,631.14. Insiders sold 8,672 shares of company stock worth $460,121 in the last three months. 0.17% of the stock is owned by insiders.

Capital Power Company Profile

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.