Capital Power (TSE:CPX) Stock Price Passes Above 200 Day Moving Average – Time to Sell?

Shares of Capital Power Co. (TSE:CPX) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$63.38 and traded as high as C$66.18. Capital Power shares last traded at C$65.89, with a volume of 713,100 shares trading hands.

Analyst Ratings Changes

A number of analysts have recently weighed in on CPX shares. ATB Cormark Capital Markets set a C$75.00 target price on shares of Capital Power and gave the stock an “outperform” rating in a report on Tuesday, December 23rd. Canadian Imperial Bank of Commerce boosted their price target on Capital Power from C$81.00 to C$82.00 in a report on Wednesday, January 21st. Desjardins upped their price target on Capital Power from C$80.00 to C$82.00 and gave the company a “buy” rating in a research report on Thursday, January 8th. BMO Capital Markets dropped their price objective on Capital Power from C$79.00 to C$78.00 and set an “outperform” rating for the company in a report on Thursday, December 11th. Finally, National Bank Financial set a C$74.00 price objective on Capital Power and gave the stock an “outperform” rating in a research report on Wednesday, December 17th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of C$76.56.

Capital Power Trading Up 1.2%

The company has a debt-to-equity ratio of 141.73, a current ratio of 0.94 and a quick ratio of 0.55. The stock’s 50 day moving average is C$61.78 and its 200-day moving average is C$63.38. The company has a market capitalization of C$10.31 billion, a P/E ratio of 74.88, a P/E/G ratio of 0.91 and a beta of 0.65.

Capital Power (TSE:CPX) last posted its quarterly earnings data on Wednesday, March 4th. The company reported C($0.13) earnings per share for the quarter. Capital Power had a net margin of 4.82% and a return on equity of 3.30%. The firm had revenue of C$1.06 billion for the quarter. As a group, equities research analysts anticipate that Capital Power Co. will post 2.8197088 earnings per share for the current year.

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.