Capital Power (TSE:CPX) Shares Pass Above 200-Day Moving Average - What's Next?

Key Points

• Capital Power Co. (TSE:CPX) shares crossed above their 200-day moving average of C$53.16, reaching a high of C$63.99, before last trading at C$58.00.
• Investment analysts have varied outlooks for Capital Power, with BMO Capital Markets upgrading the stock to "outperform" while Jefferies Financial Group downgraded it to "hold". The consensus target price now stands at C$64.11.
• Insider trading activity was noted, with two senior officers selling a combined total of 2,962 shares for approximately C$157,490 recently.

Shares of Capital Power Co. (TSE:CPX - Get Free Report) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$53.16 and traded as high as C$63.99. Capital Power shares last traded at C$58.00, with a volume of 2,651,857 shares trading hands.

Wall Street Analyst Weigh In

A number of research analysts recently commented on CPX shares. CIBC increased their target price on Capital Power from C$66.00 to C$72.00 in a research note on Thursday, July 10th. Royal Bank Of Canada upgraded shares of Capital Power from a "hold" rating to a "moderate buy" rating and upped their price target for the company from C$65.00 to C$67.00 in a report on Thursday. National Bankshares upped their price target on shares of Capital Power from C$62.00 to C$63.00 and gave the company an "outperform" rating in a research note on Thursday. BMO Capital Markets raised shares of Capital Power from a "market perform" rating to an "outperform" rating in a research note on Wednesday, April 23rd. Finally, Desjardins boosted their price target on shares of Capital Power from C$67.00 to C$68.00 and gave the stock a "buy" rating in a report on Thursday, May 1st. Three research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of C$65.78.

Capital Power Price Performance

The company has a current ratio of 1.05, a quick ratio of 0.55 and a debt-to-equity ratio of 136.03. The firm has a market capitalization of C$7.98 billion, a P/E ratio of 13.43, a P/E/G ratio of 0.91 and a beta of 0.64. The company has a 50 day moving average of C$57.05 and a 200-day moving average of C$53.08.

Insider Buying and Selling at Capital Power

In other Capital Power news, Senior Officer Jason Daniel Comandante sold 2,000 shares of the firm's stock in a transaction dated Monday, May 12th. The stock was sold at an average price of C$52.95, for a total value of C$105,900.00. Also, Senior Officer Jacquelyn Marie Pylypiuk sold 962 shares of the firm's stock in a transaction that occurred on 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 8,672 shares of company stock worth $460,121 in the last quarter. 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.