Power Co. of Canada (TSE:POW) Releases Quarterly Earnings Results

Power Co. of Canada (TSE:POW) released its quarterly earnings results on Wednesday. The financial services provider reported C$1.53 earnings per share (EPS) for the quarter, FiscalAI reports. The firm had revenue of C$10.81 billion during the quarter. Power Co. of Canada had a net margin of 7.72% and a return on equity of 10.91%.

Power Co. of Canada Trading Up 1.4%

POW traded up C$1.30 during trading on Wednesday, hitting C$95.87. The company’s stock had a trading volume of 934,201 shares, compared to its average volume of 2,193,916. The firm has a market capitalization of C$60.18 billion, a P/E ratio of 23.61, a PEG ratio of 0.57 and a beta of 0.57. Power Co. of Canada has a twelve month low of C$62.50 and a twelve month high of C$98.49. The stock’s fifty day moving average price is C$92.86 and its 200-day moving average price is C$82.53. The company has a quick ratio of 107.64, a current ratio of 0.71 and a debt-to-equity ratio of 87.52.

Analysts Set New Price Targets

A number of analysts recently weighed in on the company. Jefferies Financial Group upgraded Power Co. of Canada from a “hold” rating to a “strong-buy” rating in a report on Friday, July 31st. TD lifted their target price on Power Co. of Canada from C$84.00 to C$101.00 and gave the stock a “hold” rating in a report on Friday, July 31st. National Bank Financial lifted their target price on Power Co. of Canada from C$85.00 to C$102.00 and gave the stock a “sector perform” rating in a report on Monday, July 27th. Finally, Desjardins increased their price target on Power Co. of Canada from C$102.00 to C$104.00 and gave the company a “buy” rating in a research note on Tuesday, November 3rd. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, Power Co. of Canada presently has an average rating of “Moderate Buy” and a consensus target price of C$88.30.

About Power Co. of Canada

Power Corporation is an international management and holding company that focuses on financial services in North America, Europe and Asia. Its core holdings are leading insurance, retirement, wealth management and investment businesses, including a portfolio of alternative asset investment platforms.