Capital Power (TSE:CPX) Shares Cross Below 200 Day Moving Average – Time to Sell?

Shares of Capital Power Co. (TSE:CPX) crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$66.86 and traded as low as C$65.97. Capital Power shares last traded at C$66.35, with a volume of 430,309 shares changing hands.

Wall Street Analysts Forecast Growth

CPX has been the topic of a number of recent analyst reports. Wells Fargo & Company raised their price target 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. Canadian Imperial Bank of Commerce decreased their target price on shares of Capital Power from C$85.00 to C$83.00 in a research report on Thursday, July 30th. Desjardins raised their target price on shares of Capital Power from C$82.00 to C$88.00 and gave the company a “top pick” rating in a research note on Friday, July 3rd. 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 lifted their price target 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 equities research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Capital Power presently has an average rating of “Buy” and an average target price of C$80.11.

Capital Power Stock Performance

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 capitalization of C$10.32 billion, a PE ratio of 115.23, a PEG ratio of 0.91 and a beta of 0.64. The business has a 50 day simple moving average of C$70.62 and a 200 day simple moving average of C$66.90.

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

Insider Transactions at Capital Power

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

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.