Power Co. of Canada (TSE:POW) Receives Average Rating of "Moderate Buy" from Analysts

Key Points

• Seven analysts give Power Co. of Canada a consensus rating of Moderate Buy (four buys, three holds) with an average 1‑year price target of C$75.38.
• Major dealers including RBC, TD, Desjardins, CIBC and Jefferies have recently upgraded ratings or raised targets (CIBC's target at C$78 is the highest), reflecting growing sell‑side optimism.
• Power posted solid quarterly results (EPS C$1.36, ROE ~12.8%, revenue C$8.84B) and declared a CAD 0.6675 dividend, factors likely supporting the bullish revisions.

Shares of Power Co. of Canada (TSE:POW - Get Free Report) have been given a consensus rating of "Moderate Buy" by the seven ratings firms that are currently covering the firm, Marketbeat.com reports. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is C$75.38.

Several equities analysts recently commented on the stock. Royal Bank Of Canada raised shares of Power Co. of Canada from a "hold" rating to a "moderate buy" rating and increased their price objective for the company from C$69.00 to C$73.00 in a research report on Friday. Desjardins boosted their target price on shares of Power Co. of Canada from C$78.00 to C$79.00 and gave the stock a "buy" rating in a research report on Tuesday, March 3rd. National Bank Financial upped their price target on shares of Power Co. of Canada from C$69.00 to C$77.00 and gave the company a "sector perform" rating in a research note on Wednesday, February 4th. Canadian Imperial Bank of Commerce raised their price target on shares of Power Co. of Canada from C$75.00 to C$78.00 and gave the stock a "hold" rating in a report on Friday. Finally, TD Securities upgraded shares of Power Co. of Canada from a "hold" rating to a "buy" rating and set a C$74.00 price objective for the company in a research note on Friday.

Power Co. of Canada News Roundup

Here are the key news stories impacting Power Co. of Canada this week:

• Positive Sentiment: TD Securities upgraded POW from "hold" to "buy" and raised its target to C$74, signalling stronger conviction from a major dealer. TD Securities Upgrade
• Positive Sentiment: Royal Bank of Canada upgraded POW to "outperform" and lifted its target to C$73, reflecting improved fundamentals or outlook from another large bank. RBC Upgrade
• Positive Sentiment: Jefferies raised its price target on POW to C$73, adding more upward pressure from the sell-side community. Jefferies Price Target Raise
• Positive Sentiment: Canadian Imperial Bank of Commerce increased its target to C$78, the highest among recent revisions, suggesting meaningful upside in analysts' view. CIBC Price Target Raise
• Positive Sentiment: POW reported quarterly results showing C$1.36 EPS, a 12.8% return on equity and C$8.84B revenue — solid profitability metrics that likely supported the analyst optimism. Earnings Press Release
• Positive Sentiment: The company declared a CAD 0.6675 dividend, reinforcing income appeal for investors and supporting demand for the stock. Dividend Announcement

Power Co. of Canada Trading Up 1.6%

Shares of TSE:POW opened at C$64.88 on Monday. The business's 50-day moving average is C$67.56 and its 200 day moving average is C$66.75. The company has a debt-to-equity ratio of 84.71, a current ratio of 3.95 and a quick ratio of 107.64. Power Co. of Canada has a 1 year low of C$47.05 and a 1 year high of C$74.91. The firm has a market capitalization of C$41.14 billion, a P/E ratio of 13.69, a P/E/G ratio of 0.57 and a beta of 0.72.

Power Co. of Canada (TSE:POW - Get Free Report) last issued its quarterly earnings results on Wednesday, March 18th. The financial services provider reported C$1.36 earnings per share for the quarter. Power Co. of Canada had a return on equity of 12.83% and a net margin of 9.73%.The business had revenue of C$8.84 billion during the quarter. On average, research analysts predict that Power Co. of Canada will post 4.9289678 earnings per share for the current fiscal year.

About Power Co. of Canada

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.