Capital Power (TSE:CPX) Trading Down 10.8% - What's Next?

Capital Power Co. (TSE:CPX - Get Free Report) dropped 10.8% during mid-day trading on Monday . The company traded as low as C$52.17 and last traded at C$54.47. Approximately 374,877 shares changed hands during trading, a decline of 45% from the average daily volume of 687,700 shares. The stock had previously closed at C$61.06.

Analyst Upgrades and Downgrades

CPX has been the subject of a number of research analyst reports. Scotiabank raised their price objective on shares of Capital Power from C$66.00 to C$69.00 and gave the stock an "outperform" rating in a report on Wednesday, December 18th. TD Securities raised their price objective on shares of Capital Power from C$61.00 to C$70.00 and gave the stock a "buy" rating in a report on Wednesday, December 4th. ATB Capital raised their price objective on shares of Capital Power from C$57.00 to C$63.00 and gave the stock a "sector perform" rating in a report on Wednesday, December 18th. BMO Capital Markets raised their price objective on shares of Capital Power from C$56.00 to C$68.00 and gave the stock a "market perform" rating in a report on Wednesday, December 18th. Finally, Desjardins raised their price objective on shares of Capital Power from C$66.00 to C$69.00 and gave the stock a "buy" rating in a report on Thursday. Six investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of C$63.33.

Capital Power Price Performance

The stock has a market cap of C$6.92 billion, a PE ratio of 10.54, 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 current ratio of 0.88 and a quick ratio of 0.55. The firm's 50 day moving average price is C$61.43 and its two-hundred day moving average price is C$52.45.

Capital Power (TSE:CPX - Get Free Report) last issued its quarterly earnings data on Wednesday, October 30th. The company reported C$1.32 EPS for the quarter, beating the consensus estimate of C$0.96 by C$0.36. Capital Power had a net margin of 16.77% and a return on equity of 19.49%. During the same quarter in the previous year, the company earned $2.26 earnings per share. On average, research analysts expect that Capital Power Co. will post 2.8197088 earnings per share 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.