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

Key Points

• Capital Power's stock passed below its 200-day moving average, trading as low as C$60.66 and last at C$61.24 on a volume of about 697,571 shares (200‑day MA C$62.14).
• Analysts remain broadly positive: MarketBeat shows a consensus "Buy" rating with a consensus price target of C$76.67 after several recent upgrades and higher targets from TD, Evercore ISI, Desjardins and others.
• The company has a market capitalization of C$9.53 billion, reported quarterly EPS of C$0.94 on C$1.20 billion revenue, but carries high leverage with a debt-to-equity ratio of 136.03 and a P/E of 22.03.

Capital Power Co. (TSE:CPX - Get Free Report)'s stock price passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$62.14 and traded as low as C$60.66. Capital Power shares last traded at C$61.24, with a volume of 697,571 shares traded.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on CPX shares. TD Securities upped their target price 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. Evercore ISI upgraded shares of Capital Power to a "strong-buy" rating in a research report on Monday, October 6th. Desjardins upped their price objective on Capital Power from C$80.00 to C$82.00 and gave the stock a "buy" rating in a report on Thursday, January 8th. ATB Capital set a C$75.00 price objective on Capital Power and gave the company an "outperform" rating in a research report on Tuesday, December 23rd. Finally, CIBC lowered their target price on Capital Power from C$85.00 to C$83.00 and set an "outperform" rating for the company in a research note on Thursday, October 30th. Two analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, Capital Power has a consensus rating of "Buy" and a consensus price target of C$76.67.

Capital Power Trading Up 1.5%

The business has a 50 day moving average of C$61.17 and a 200 day moving average of C$62.14. The firm has a market capitalization of C$9.53 billion, a price-to-earnings ratio of 22.03, a PEG 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.

Capital Power (TSE:CPX - Get Free Report) last issued its earnings results 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 for the quarter. Capital Power had a return on equity of 15.16% and a net margin of 15.53%. As a group, research analysts predict that Capital Power Co. will post 2.8197088 earnings per share for the current fiscal year.

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. 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.

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