Capital Power (TSE:CPX) Stock Price Crosses Below 200-Day Moving Average - What's Next?

Key Points

• Capital Power shares fell below their 200-day moving average, trading as low as C$63.12 and closing at C$64.04, below the C$67.19 long-term average.
• Despite the technical decline, analyst sentiment remains positive: the stock has a consensus “Buy” rating and a C$79.80 average price target, implying potential upside from its latest price.
• Capital Power reported quarterly revenue of C$714 million and EPS of negative C$0.33, while its financial profile included a 3.05% net margin, 2.31% return on equity, and high debt-to-equity of 150.64.

Capital Power Co. (TSE:CPX - Get Free Report)'s share price passed below its two hundred day moving average during trading on Thursday. The stock has a two hundred day moving average of C$67.19 and traded as low as C$63.12. Capital Power shares last traded at C$64.04, with a volume of 525,067 shares traded.

Analyst Ratings Changes

Several analysts have issued reports on the company. Royal Bank Of Canada set a C$80.00 target price on Capital Power and gave the company an "outperform" rating in a report on Thursday, September 17th. Scotiabank lowered 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 report on Thursday, July 30th. Canadian Imperial Bank of Commerce dropped their price objective on shares of Capital Power from C$83.00 to C$80.00 in a report on Tuesday, September 22nd. 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. Finally, 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 note on Thursday, July 30th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and one has given a Hold rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus price target of C$79.80.

Capital Power Stock Performance

The stock has a market capitalization of C$10.06 billion, a PE ratio of 112.35, a P/E/G ratio of 0.91 and a beta of 0.60. The firm's 50 day moving average is C$63.69 and its two-hundred day moving average is C$67.19. The company has a debt-to-equity ratio of 150.64, a quick ratio of 0.55 and a current ratio of 0.80.

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