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

Key Points

• Capital Power shares fell below their 200-day moving average, trading as low as C$65.97 versus the C$66.86 average, with the latest price at C$66.35.
• Analysts remain broadly bullish despite mixed target revisions: the stock has a consensus “Buy” rating and an average price target of C$80.11, well above its recent trading level.
• Recent quarterly results showed a C$0.33 loss per share on C$714 million in revenue, while the company reported low profitability metrics and high leverage, including a 150.64 debt-to-equity ratio.

Shares of Capital Power Co. (TSE:CPX - Get Free Report) crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$66.86 and traded as low as C$65.97. Capital Power shares last traded at C$66.35, with a volume of 430,309 shares trading hands.

Analysts Set New Price Targets

CPX has been the subject of a number of recent research reports. BMO Capital Markets decreased their price objective on Capital Power from C$85.00 to C$81.00 and set an "outperform" rating for the company in a report on Thursday, July 30th. Canadian Imperial Bank of Commerce dropped their target price on Capital Power from C$85.00 to C$83.00 in a report on Thursday, July 30th. Wells Fargo & Company lifted their target price on Capital Power from C$72.00 to C$75.00 and gave the company an "equal weight" rating in a research report on Monday, July 27th. Desjardins upped their price target on Capital Power from C$82.00 to C$88.00 and gave the stock a "top pick" rating in a report on Friday, July 3rd. Finally, National Bank Financial upped their price target on Capital Power from C$75.00 to C$82.00 and gave the stock an "outperform" rating in a report on Monday, June 1st. Two equities research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus target price of C$80.11.

Capital Power Price Performance

The company has a quick ratio of 0.55, a current ratio of 0.80 and a debt-to-equity ratio of 150.64. The business's 50-day moving average is C$70.82 and its two-hundred day moving average is C$66.86. The company has a market capitalization of C$10.42 billion, a P/E ratio of 116.40, a price-to-earnings-growth ratio of 0.91 and a beta of 0.64.

Capital Power (TSE:CPX - Get Free Report) last released its quarterly earnings results on Wednesday, July 29th. The company reported C($0.33) earnings per share for the quarter. Capital Power had a return on equity of 2.31% and a net margin of 3.05%.The firm had revenue of C$714.00 million for the quarter. As a group, analysts predict that Capital Power Co. will post 2.8197088 earnings per share for the current year.

Insider Buying and Selling at Capital Power

In other news, insider Jason Daniel Comandante sold 1,500 shares of the business's stock in a transaction that occurred on Wednesday, June 24th. The stock was sold at an average price of C$74.88, for a total value of C$112,320.00. Following the transaction, the insider owned 8,711 shares in the company, valued at C$652,279.68. The trade was a 14.69% decrease in their position. 0.17% of the stock is owned by insiders.

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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