Capital Power (TSE:CPX) Shares Down 10.8% – Time to Sell?

Capital Power Co. (TSE:CPX) shares traded down 10.8% during trading on Monday . The company traded as low as C$52.17 and last traded at C$54.47. 374,877 shares traded hands during trading, a decline of 45% from the average session volume of 687,700 shares. The stock had previously closed at C$61.06.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the company. Atb Cap Markets lowered Capital Power from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 30th. Desjardins lifted their price objective on shares of Capital Power from C$60.00 to C$64.00 and gave the company a “buy” rating in a research note on Wednesday, December 18th. Scotiabank lifted their price objective on Capital Power from C$66.00 to C$69.00 and gave the company an “outperform” rating in a research note on Wednesday, December 18th. ATB Capital upped their target price on Capital Power from C$57.00 to C$63.00 and gave the stock a “sector perform” rating in a research note on Wednesday, December 18th. Finally, TD Securities lifted their price target on Capital Power from C$61.00 to C$70.00 and gave the company a “buy” rating in a research report on Wednesday, December 4th. Six equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of C$62.78.

Capital Power Trading Up 0.2 %

The firm has a market capitalization of C$6.60 billion, a price-to-earnings ratio of 10.05, a P/E/G ratio of 0.91 and a beta of 0.64. The company has a debt-to-equity ratio of 133.46, a quick ratio of 0.55 and a current ratio of 0.88. The company has a 50 day moving average price of C$61.67 and a two-hundred day moving average price of C$52.25.

Capital Power (TSE:CPX) last released its earnings results on Wednesday, October 30th. The company reported C$1.32 earnings per share for the quarter, beating the consensus estimate of C$0.96 by C$0.36. Capital Power had a return on equity of 19.49% and a net margin of 16.77%. During the same period in the prior year, the firm earned $2.26 EPS. On average, research analysts forecast that Capital Power Co. will post 2.8197088 EPS for the current year.

Capital Power Company Profile

Capital Power Corporation develops, acquires, owns, and operates renewable and thermal power generation facilities in Canada and the United States. It generates electricity from various energy sources, including wind, solar, waste heat, natural gas, and coal. The company owns an approximately 7,500 megawatts (MW) of power generation capacity at 29 facilities.