Power Co. of Canada (TSE:POW) Reaches New 12-Month High - Time to Buy?

Key Points

• Power Co. of Canada reached a new 52-week high, trading as high as C$98.28 and last changing hands at C$97.53, up from its prior close of C$96.80.
• Analyst sentiment is broadly positive, with a consensus rating of “Moderate Buy”; however, the average price target of C$86.60 is below the current share price.
• The company reported quarterly earnings of C$1.55 per share on C$11.70 billion in revenue, with a 7.72% net margin and 10.91% return on equity.

Power Co. of Canada (TSE:POW - Get Free Report) hit a new 52-week high during mid-day trading on Thursday. The stock traded as high as C$98.28 and last traded at C$97.53, with a volume of 62,853 shares trading hands. The stock had previously closed at C$96.80.

Wall Street Analyst Weigh In

POW has been the topic of a number of recent research reports. Royal Bank Of Canada upped their target price on shares of Power Co. of Canada from C$86.00 to C$87.00 and gave the stock an "outperform" rating in a research note on Monday, July 13th. National Bank Financial increased their price objective on shares of Power Co. of Canada from C$85.00 to C$102.00 and gave the company a "sector perform" rating in a research 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 report on Friday, July 31st. Finally, TD boosted 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 research note on Friday, July 31st. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of C$86.60.

Power Co. of Canada Stock Up 1.3%

The company has a current ratio of 0.71, a quick ratio of 107.64 and a debt-to-equity ratio of 87.52. The company has a market capitalization of C$61.57 billion, a price-to-earnings ratio of 24.16, a PEG ratio of 0.57 and a beta of 0.62. The firm's 50 day simple moving average is C$92.35 and its 200-day simple moving average is C$81.51.

Power Co. of Canada (TSE:POW - Get Free Report) last issued its earnings results on Thursday, July 30th. The financial services provider reported C$1.55 earnings per share for the quarter. The business had revenue of C$11.70 billion for the quarter. Power Co. of Canada had a net margin of 7.72% and a return on equity of 10.91%. On average, sell-side analysts anticipate that Power Co. of Canada will post 4.93 EPS for the current fiscal year.

Power Co. of Canada Company Profile

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.

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.