Capital Power (TSE:CPX) Stock Passes Above Two Hundred Day Moving Average - Should You Sell?

Capital Power Co. (TSE:CPX - Get Free Report) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$54.54 and traded as high as C$56.80. Capital Power shares last traded at C$56.47, with a volume of 720,761 shares changing hands.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on CPX. BMO Capital Markets raised Capital Power from a "market perform" rating to an "outperform" rating in a report on Wednesday, April 23rd. CIBC raised Capital Power from a "neutral" rating to an "outperform" rating and cut their price target for the company from C$68.00 to C$64.00 in a report on Tuesday, February 18th. National Bankshares cut their price target 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. Desjardins lifted their price target on Capital Power from C$67.00 to C$68.00 and gave the company a "buy" rating in a report on Thursday, May 1st. Finally, ATB Capital cut their price target on Capital Power from C$63.00 to C$62.00 and set a "sector perform" rating for the company in a report on Thursday, February 27th. Three 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 company's stock. According to MarketBeat, Capital Power has an average rating of "Moderate Buy" and a consensus target price of C$63.50.

Capital Power Stock Performance

The stock has a 50-day moving average of C$50.71 and a 200 day moving average of C$54.53. The company has a debt-to-equity ratio of 136.03, a current ratio of 1.05 and a quick ratio of 0.55. The stock has a market capitalization of C$7.94 billion, a price-to-earnings ratio of 13.36, a price-to-earnings-growth ratio of 0.91 and a beta of 0.64.

Insider Buying and Selling

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