Capital Power (TSE:CPX) Share Price Passes Below 200-Day Moving Average - Time to Sell?

Key Points

• Price broke below its 200-day moving average: CPX traded as low as C$61.11 and last at C$62.48, under the 200-day MA of C$63.06, on a volume of 618,980 shares.
• Analyst consensus is a "Moderate Buy" with a consensus target of C$76.56 and multiple firms recently setting or raising targets (up to C$82) while most rate the stock Buy/Outperform.
• Mixed fundamentals — high valuation and leverage: market cap C$9.72B, P/E of 71.00 and debt-to-equity of 141.73, and the company posted a C($0.13) EPS loss last quarter with modest profitability (net margin 4.82%, ROE 3.30%).

Capital Power Co. (TSE:CPX - Get Free Report) passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$63.06 and traded as low as C$61.11. Capital Power shares last traded at C$62.48, with a volume of 618,980 shares traded.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the company. Canadian Imperial Bank of Commerce raised their price objective on Capital Power from C$81.00 to C$82.00 in a research report on Wednesday, January 21st. National Bank Financial set a C$74.00 target price on Capital Power and gave the stock an "outperform" rating in a report on Wednesday, December 17th. Desjardins increased their price target on Capital Power from C$80.00 to C$82.00 and gave the company a "buy" rating in a research note on Thursday, January 8th. BMO Capital Markets cut 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. Finally, ATB Cormark Capital Markets set a C$75.00 price objective on shares of Capital Power and gave the stock an "outperform" rating in a research report on Tuesday, December 23rd. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and two have given a Hold rating to the company's stock. Based on data from MarketBeat.com, Capital Power has a consensus rating of "Moderate Buy" and a consensus target price of C$76.56.

Capital Power Price Performance

The stock has a market capitalization of C$9.72 billion, a price-to-earnings ratio of 71.00, a P/E/G ratio of 0.91 and a beta of 0.65. The company's 50-day simple moving average is C$61.05 and its 200-day simple moving average is C$63.06. The company has a debt-to-equity ratio of 141.73, a current ratio of 0.94 and a quick ratio of 0.55.

Capital Power (TSE:CPX - Get Free Report) last posted its earnings results on Wednesday, March 4th. The company reported C($0.13) EPS for the quarter. The firm had revenue of C$1.06 billion during the quarter. Capital Power had a net margin of 4.82% and a return on equity of 3.30%. Research analysts forecast that Capital Power Co. will post 2.8197088 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.

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