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

Key Points

• Shares have a consensus analyst rating of Moderate Buy (4 buys, 3 holds) with an average 1‑year price target of C$75.38.
• Several brokers recently raised targets and/or upgraded POW — National Bank to C$77, Desjardins to C$79 (buy), TD upgraded to buy with a C$74 target, Scotiabank to C$78 (outperform) and CIBC to C$78.
• POW opened at C$72.15 (down 2.6%) and is trading near its 52‑week high of C$74.91; the company has a C$45.66B market cap, P/E of 18.31, last-quarter EPS of C$1.36 and consensus FY EPS of about 4.93.

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

Several research analysts have recently issued reports on POW shares. National Bank Financial raised their target price 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. Desjardins boosted their price target 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 note on Tuesday, March 3rd. TD Securities raised shares of Power Co. of Canada from a "hold" rating to a "buy" rating and set a C$74.00 target price for the company in a report on Friday, March 20th. Scotiabank raised their price target on Power Co. of Canada from C$76.00 to C$78.00 and gave the stock an "outperform" rating in a research report on Thursday, February 19th. Finally, Canadian Imperial Bank of Commerce upped their price objective on Power Co. of Canada from C$75.00 to C$78.00 and gave the company a "hold" rating in a report on Friday, March 20th.

Power Co. of Canada Stock Down 2.6%

POW opened at C$72.15 on Friday. The company has a debt-to-equity ratio of 105.91, a current ratio of 1.44 and a quick ratio of 107.64. The firm's fifty day moving average price is C$67.06 and its two-hundred day moving average price is C$68.02. Power Co. of Canada has a fifty-two week low of C$48.18 and a fifty-two week high of C$74.91. The company has a market capitalization of C$45.66 billion, a P/E ratio of 18.31, a P/E/G ratio of 0.57 and a beta of 0.67.

Power Co. of Canada (TSE:POW - Get Free Report) last announced its quarterly earnings results on Wednesday, March 18th. The financial services provider reported C$1.36 earnings per share (EPS) for the quarter. Power Co. of Canada had a net margin of 6.98% and a return on equity of 10.81%. The firm had revenue of C$8.84 billion during the quarter. On average, analysts anticipate that Power Co. of Canada will post 4.9289678 EPS for the current 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.

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