Power Co. of Canada (TSE:POW) Receives Consensus Recommendation of “Hold” from Brokerages

Shares of Power Co. of Canada (TSE:POW) have earned an average rating of “Hold” from the ten analysts that are covering the firm, MarketBeat reports. Six analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is C$83.10.

A number of brokerages have recently weighed in on POW. Canadian Imperial Bank of Commerce lifted their price objective on Power Co. of Canada from C$75.00 to C$78.00 and gave the stock a “hold” rating in a research report on Friday, March 20th. Jefferies Financial Group lifted their price objective on Power Co. of Canada from C$73.00 to C$90.00 in a research report on Thursday, May 14th. TD lowered shares of Power Co. of Canada from a “buy” rating to a “hold” rating and increased their price target for the stock from C$74.00 to C$84.00 in a research note on Thursday, May 14th. Scotiabank increased their price target on shares of Power Co. of Canada from C$76.00 to C$78.00 and gave the stock an “outperform” rating in a research note on Thursday, February 19th. Finally, Scotia increased their price target on shares of Power Co. of Canada from C$79.00 to C$90.00 and gave the stock a “sector outperform” rating in a research note on Thursday, May 14th.

Power Co. of Canada Stock Performance

Shares of TSE POW opened at C$84.28 on Friday. The stock has a market cap of C$53.11 billion, a price-to-earnings ratio of 20.26, a P/E/G ratio of 0.57 and a beta of 0.73. The company has a current ratio of 0.87, a quick ratio of 107.64 and a debt-to-equity ratio of 86.98. Power Co. of Canada has a 1-year low of C$51.05 and a 1-year high of C$85.02. The stock’s 50-day moving average is C$76.77 and its 200 day moving average is C$71.96.

Power Co. of Canada (TSE:POW) last announced its quarterly earnings results on Tuesday, May 12th. The financial services provider reported C$1.43 EPS for the quarter. The business had revenue of C$10.96 billion for the quarter. Power Co. of Canada had a return on equity of 11.34% and a net margin of 7.93%. On average, sell-side analysts anticipate that Power Co. of Canada will post 4.9289678 EPS for the current fiscal year.

Power Co. of Canada Company Profile

Power Corp. of Canada is a diversified holding company with interests in financial services, communications, and other business sectors through its controlling interests in Power Financial. Power Financial in turn holds controlling interests in Great-West Life (an insurance conglomerate), IGM Financial (Canada’s largest nonbank asset manager), and Pargesa (a holding company with interests in European companies). Power Corp. bought out the remaining shares of Power Financial in February 2020.