Capital Power (TSE:CPX) Stock Price Crosses Below 200-Day Moving Average - Here's Why

Key Points

• Capital Power shares fell below their 200-day moving average, trading as low as C$62.23 versus the C$67.13 average, and last changing hands at C$62.32.
• Analysts remain broadly positive despite recent target cuts: the stock has an average “Buy” rating and a consensus price target of C$79.80, well above its recent trading level.
• The company reported a quarterly loss of C$0.33 per share on C$714 million in revenue, while maintaining significant leverage with a debt-to-equity ratio of 150.64.

Capital Power Co. (TSE:CPX - Get Free Report) shares crossed below its 200-day moving average during trading on Friday. The stock has a 200-day moving average of C$67.13 and traded as low as C$62.23. Capital Power shares last traded at C$62.32, with a volume of 212,089 shares trading hands.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the stock. BMO Capital Markets reduced their target price on shares of Capital Power from C$85.00 to C$81.00 and set an "outperform" rating on the stock in a research report on Thursday, July 30th. Scotiabank decreased their price target on shares of Capital Power from C$80.00 to C$79.00 and set a "sector outperform" rating on the stock in a research note on Thursday, July 30th. Royal Bank Of Canada set a C$80.00 price target on shares of Capital Power and gave the company an "outperform" rating in a research note on Thursday, September 17th. Desjardins raised their price target on shares of Capital Power from C$82.00 to C$88.00 and gave the company a "top pick" rating in a report on Friday, July 3rd. Finally, Canadian Imperial Bank of Commerce dropped their price objective on shares of Capital Power from C$83.00 to C$80.00 in a research report on Tuesday, September 22nd. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and one has given a Hold rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Buy" and an average price target of C$79.80.

Capital Power Trading Down 0.4%

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 cap of C$9.79 billion, a P/E ratio of 109.33, a P/E/G ratio of 0.91 and a beta of 0.60. The business has a 50-day moving average price of C$63.43 and a two-hundred day moving average price of C$67.13.

Capital Power (TSE:CPX - Get Free Report) last issued its quarterly earnings results on Wednesday, July 29th. The company reported C($0.33) earnings per share (EPS) for the quarter. The firm had revenue of C$714.00 million for the quarter. Capital Power had a net margin of 3.05% and a return on equity of 2.31%. On average, analysts predict that Capital Power Co. will post 2.82 EPS for the current year.

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.

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