Capital Power (TSE:CPX) Stock Price Crosses Below 200-Day Moving Average – Here’s What Happened

Capital Power Co. (TSE:CPX)’s share price passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$67.26 and traded as low as C$58.58. Capital Power shares last traded at C$59.52, with a volume of 1,681,991 shares trading hands.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. Wells Fargo & Company boosted their price target on shares of Capital Power from C$72.00 to C$75.00 and gave the stock an “equal weight” rating in a research note on Monday, July 27th. Canadian Imperial Bank of Commerce cut their price target on shares of Capital Power from C$85.00 to C$83.00 in a research report on Thursday, July 30th. BMO Capital Markets reduced their price objective 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. Scotiabank lowered their target price on shares of Capital Power from C$80.00 to C$79.00 and set a “sector outperform” rating for the company in a research note on Thursday, July 30th. Finally, National Bank Financial increased their target price on shares of Capital Power from C$75.00 to C$82.00 and gave the stock an “outperform” rating in a report on Monday, June 1st. Two investment analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Capital Power currently has an average rating of “Buy” and a consensus price target of C$80.11.

Capital Power Trading Up 2.7%

The firm has a market capitalization of C$9.36 billion, a price-to-earnings ratio of 104.49, a price-to-earnings-growth ratio of 0.91 and a beta of 0.61. The business’s fifty day moving average is C$67.06 and its 200 day moving average is C$67.23. 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) last released 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 during the quarter. Capital Power had a net margin of 3.05% and a return on equity of 2.31%. Equities analysts predict that Capital Power Co. will post 2.8197088 earnings per share for the current year.

Insider Activity at Capital Power

In related news, insider Jason Daniel Comandante sold 1,500 shares of the firm’s stock in a transaction on Wednesday, June 24th. The shares were sold at an average price of C$74.88, for a total value of C$112,320.00. Following the completion of the transaction, the insider directly owned 8,711 shares of the company’s stock, valued at approximately C$652,279.68. This trade represents a 14.69% decrease in their ownership of the stock. Insiders own 0.17% of the company’s stock.

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.