Capital Power (TSE:CPX) Stock Price Crosses Below Two Hundred Day Moving Average - What's Next?

Key Points

• Capital Power shares fell below their 200-day moving average, reaching C$63.70 before closing at C$64.41, below the C$66.55 long-term average.
• Analysts remain broadly optimistic despite the recent decline: the stock has an average “Buy” rating and a consensus price target of C$80.11, with targets ranging from C$75 to C$88.
• Recent quarterly results showed a loss of C$0.33 per share on C$714 million in revenue, while the company reported low profitability metrics and high leverage, including a debt-to-equity ratio of 150.64.

Capital Power Co. (TSE:CPX - Get Free Report)'s share price passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$66.55 and traded as low as C$63.70. Capital Power shares last traded at C$64.41, with a volume of 536,401 shares trading hands.

Analysts Set New Price Targets

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

Capital Power Price Performance

The business has a 50-day moving average price of C$71.41 and a two-hundred day moving average price of C$66.55. 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 company has a market capitalization of C$10.12 billion, a price-to-earnings ratio of 113.00, a price-to-earnings-growth ratio of 0.91 and a beta of 0.64.

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

Insider Activity

In other news, insider Jason Daniel Comandante sold 1,500 shares of Capital Power stock in a transaction dated Wednesday, June 24th. The shares were sold at an average price of C$74.88, for a total transaction of C$112,320.00. Following the completion of the transaction, the insider directly owned 8,711 shares in the company, valued at C$652,279.68. This trade represents a 14.69% decrease in their ownership of the stock. 0.17% of the stock is owned by corporate insiders.

About Capital Power

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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