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

Key Points

• Capital Power shares fell below their 200-day moving average, reaching C$65.35 versus the C$67.17 average, and last traded at C$65.68.
• Despite the technical weakness, analysts remain broadly positive, with an average “Buy” rating and an average price target of C$80.11, well above the recent share price.
• The company reported quarterly revenue of C$714 million and a loss of C$0.33 per share, while its balance sheet showed high leverage with a debt-to-equity ratio of 150.64.

Capital Power Co. (TSE:CPX - Get Free Report) passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$67.17 and traded as low as C$65.35. Capital Power shares last traded at C$65.68, with a volume of 413,675 shares changing hands.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on CPX shares. Scotiabank reduced their price objective on Capital Power from C$80.00 to C$79.00 and set a "sector outperform" rating on the stock in a research report on Thursday, July 30th. Desjardins increased their target price on Capital Power from C$82.00 to C$88.00 and gave the company a "top pick" rating in a research report on Friday, July 3rd. BMO Capital Markets cut their price target on Capital Power from C$85.00 to C$81.00 and set an "outperform" rating on the stock in a research note on Thursday, July 30th. National Bank Financial boosted 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. Finally, Canadian Imperial Bank of Commerce reduced their price target on Capital Power from C$85.00 to C$83.00 in a report on Thursday, July 30th. Two analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and one has given a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Buy" and an average price target of C$80.11.

Capital Power Price Performance

The company's 50 day moving average price is C$70.03 and its 200-day moving average price is C$67.17. The stock has a market cap of C$10.32 billion, a P/E ratio of 115.23, a P/E/G ratio of 0.91 and a beta of 0.64. The company has a quick ratio of 0.55, a current ratio of 0.80 and a debt-to-equity ratio of 150.64.

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

Insider Transactions at Capital Power

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