Capital Power (TSE:CPX) Shares Cross Above 200-Day Moving Average – Here’s What Happened

Capital Power Co. (TSE:CPX)’s share price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$62.78 and traded as high as C$64.40. Capital Power shares last traded at C$63.91, with a volume of 563,471 shares changing hands.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on CPX. Desjardins raised shares of Capital Power from a “buy” rating to a “strong-buy” rating and set a C$82.00 price objective on the stock in a research report on Thursday, April 23rd. Wells Fargo & Company set a C$70.00 price objective on shares of Capital Power and gave the company an “equal weight” rating in a research report on Tuesday, May 12th. Two analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of C$75.90.

Capital Power Trading Up 1.0%

The stock has a market cap of C$10.29 billion, a P/E ratio of -597.55, a PEG ratio of 0.91 and a beta of 0.54. The company has a current ratio of 0.69, a quick ratio of 0.55 and a debt-to-equity ratio of 146.00. The stock’s fifty day moving average price is C$65.33 and its 200 day moving average price is C$62.76.

Capital Power (TSE:CPX) last announced its earnings results on Wednesday, April 29th. The company reported C$0.04 EPS for the quarter. Capital Power had a net margin of 0.66% and a return on equity of 0.49%. The firm had revenue of C$1.18 billion for the quarter. Equities research analysts expect 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.