Power Co. of Canada (TSE:POW) Given Average Recommendation of "Moderate Buy" by Analysts

Key Points

• Power Co. of Canada has a “Moderate Buy” consensus from 10 analysts: five recommend holding, four recommend buying, and one gives a strong-buy rating. The average 12-month price target is C$86.60.
• Recent analyst actions were mixed, with National Bank, Scotia, and Desjardins raising price targets, while Jefferies upgraded the stock to strong-buy and TD Securities downgraded it to hold.
• The stock opened at C$92.95, near its 12-month high of C$97.66, while the company reported quarterly EPS of C$1.55 on C$11.70 billion in revenue.

Power Co. of Canada (TSE:POW - Get Free Report) has been assigned a consensus recommendation of "Moderate Buy" from the ten research firms that are covering the stock, Marketbeat reports. Five analysts have rated the stock with a hold recommendation, four have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is C$86.60.

Several research firms recently commented on POW. National Bank Financial lifted their price objective 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. Jefferies Financial Group upgraded shares of Power Co. of Canada from a "hold" rating to a "strong-buy" rating in a research note on Friday, July 31st. TD Securities downgraded shares of Power Co. of Canada from a "strong-buy" rating to a "hold" rating in a report on Thursday, May 14th. Scotia raised their price target on shares of Power Co. of Canada from C$79.00 to C$90.00 and gave the company a "sector outperform" rating in a report on Thursday, May 14th. Finally, Desjardins lifted their price target on shares of Power Co. of Canada from C$81.00 to C$87.00 and gave the stock a "buy" rating in a research note on Thursday, May 14th.

Power Co. of Canada Stock Down 1.2%

Power Co. of Canada stock opened at C$92.95 on Thursday. The firm has a market cap of C$58.35 billion, a price-to-earnings ratio of 22.89, a PEG ratio of 0.57 and a beta of 0.73. The stock has a fifty day simple moving average of C$91.11 and a two-hundred day simple moving average of C$78.70. Power Co. of Canada has a 12 month low of C$57.10 and a 12 month high of C$97.66. The company has a current ratio of 0.71, a quick ratio of 107.64 and a debt-to-equity ratio of 87.52.

Power Co. of Canada (TSE:POW - Get Free Report) last posted its quarterly earnings results on Thursday, July 30th. The financial services provider reported C$1.55 earnings per share for the quarter. The firm had revenue of C$11.70 billion during the quarter. Power Co. of Canada had a return on equity of 10.91% and a net margin of 7.72%. Equities analysts predict that Power Co. of Canada will post 4.9289678 EPS for the current fiscal year.

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.

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