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

Capital Power Co. (TSE:CPX - Get Free Report)'s stock price fell 10.8% on Monday . The stock traded as low as C$52.17 and last traded at C$54.47. 374,877 shares were traded 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 Ratings Changes

Several equities research analysts have issued reports on CPX shares. BMO Capital Markets boosted their price target on shares of Capital Power from C$56.00 to C$68.00 and gave the company a "market perform" rating in a report on Wednesday, December 18th. Scotiabank increased their target price on Capital Power from C$66.00 to C$69.00 and gave the stock an "outperform" rating in a report on Wednesday, December 18th. Atb Cap Markets lowered shares of Capital Power from a "strong-buy" rating to a "hold" rating in a report on Wednesday, October 30th. Desjardins upped their target price on shares of Capital Power from C$66.00 to C$69.00 and gave the company a "buy" rating in a research report on Thursday. Finally, TD Securities increased their price target on Capital Power from C$61.00 to C$70.00 and gave the company a "buy" rating in a research note on Wednesday, December 4th. Six investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, Capital Power currently has an average rating of "Hold" and a consensus price target of C$63.33.

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Capital Power Price Performance

The company's 50-day moving average price is C$61.28 and its 200-day moving average price is C$52.54. The company has a market cap of C$6.92 billion, a P/E 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.

Capital Power (TSE:CPX - Get Free Report) last issued its quarterly earnings results on Wednesday, October 30th. The company reported C$1.32 earnings per share for the quarter, topping 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 posted $2.26 earnings per share. As a group, sell-side analysts predict that Capital Power Co. will post 2.8197088 earnings per share for the current fiscal 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.