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

Capital Power Co. (TSE:CPX)’s share price passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$63.47 and traded as high as C$73.22. Capital Power shares last traded at C$72.69, with a volume of 341,517 shares traded.

Analyst Ratings Changes

CPX has been the subject of several recent analyst reports. Desjardins set a C$82.00 price objective on shares of Capital Power and gave the company a “top pick” rating in a research note on Tuesday, May 26th. National Bank Financial boosted their price target on Capital Power from C$75.00 to C$82.00 and gave the company an “outperform” rating in a report on Monday, June 1st. Finally, Wells Fargo & Company set a C$70.00 price objective on Capital Power and gave the stock an “equal weight” rating in a research report on Tuesday, May 12th. Two research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of C$78.56.

Capital Power Stock Up 0.1%

The company’s fifty day simple moving average is C$67.71 and its 200 day simple moving average is C$63.64. The company has a quick ratio of 0.55, a current ratio of 0.69 and a debt-to-equity ratio of 146.00. The firm has a market capitalization of C$11.40 billion, a PE ratio of -662.00, a price-to-earnings-growth ratio of 0.91 and a beta of 0.60.

Capital Power (TSE:CPX) last posted its earnings results on Wednesday, April 29th. The company reported C$0.04 earnings per share for the quarter. Capital Power had a return on equity of 0.49% and a net margin of 0.66%.The firm had revenue of C$1.18 billion for the quarter. Analysts anticipate that Capital Power Co. will post 2.8197088 earnings per share for the current fiscal year.

Insider Buying and Selling at Capital Power

In related news, insider Jason Daniel Comandante sold 1,276 shares of the company’s stock in a transaction on Monday, June 1st. The stock was sold at an average price of C$70.89, for a total value of C$90,455.64. Following the sale, the insider directly owned 8,711 shares of the company’s stock, valued at C$617,522.79. This represents a 12.78% decrease in their ownership of the stock. 0.17% of the stock is owned by corporate insiders.

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.