Capital Power (TSE:CPX) Stock Crosses Below 50-Day Moving Average of $30.32

Capital Power Corp (TSE:CPX)’s share price crossed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $30.32 and traded as low as $29.94. Capital Power shares last traded at $30.11, with a volume of 87,948 shares changing hands.

Several research firms recently commented on CPX. CIBC upped their target price on Capital Power from C$31.50 to C$32.50 in a research note on Wednesday, April 24th. National Bank Financial set a C$38.00 target price on Capital Power and gave the company an “outperform” rating in a research note on Wednesday, May 8th. BMO Capital Markets lowered Capital Power from an “outperform” rating to a “market perform” rating and dropped their target price for the company from C$31.00 to C$30.00 in a research note on Thursday, May 9th. Raymond James upgraded Capital Power from a “market perform” rating to an “outperform” rating and upped their target price for the company from C$31.00 to C$35.50 in a research note on Tuesday, May 14th. Finally, CSFB upped their target price on Capital Power from C$28.00 to C$32.00 in a research note on Thursday, April 25th. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of C$32.81.

The firm has a market cap of $3.22 billion and a PE ratio of 12.34. The business’s 50 day simple moving average is C$30.32. The company has a quick ratio of 0.57, a current ratio of 0.95 and a debt-to-equity ratio of 81.76.

Capital Power (TSE:CPX) last announced its quarterly earnings results on Monday, April 29th. The company reported C$0.29 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of C$0.58 by C($0.29). The business had revenue of C$365.00 million during the quarter. As a group, analysts expect that Capital Power Corp will post 1.7999999 earnings per share for the current year.

Capital Power Company Profile (TSE:CPX)

Capital Power Corporation develops, acquires, owns, and operates power generation facilities in Canada and the United States. The company generates electricity from various energy sources, including natural and landfill gas, coal, wind, waste heat, solid fuels, and solar. It owns approximately 5,100 megawatts of power generation capacity.

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