FY2025 EPS Estimate for Power Co. of Canada Cut by Analyst

Power Co. of Canada (TSE:POW - Free Report) - Equities researchers at National Bank Financial dropped their FY2025 earnings per share estimates for Power Co. of Canada in a report released on Tuesday, April 29th. National Bank Financial analyst J. Gloyn now forecasts that the financial services provider will post earnings per share of $5.45 for the year, down from their prior estimate of $5.47. The consensus estimate for Power Co. of Canada's current full-year earnings is $4.93 per share.

Several other research firms have also recently weighed in on POW. Scotiabank decreased their target price on Power Co. of Canada from C$62.00 to C$61.00 and set an "outperform" rating for the company in a research note on Thursday, April 24th. Cibc World Mkts upgraded Power Co. of Canada from a "hold" rating to a "strong-buy" rating in a research note on Friday, February 7th. Jefferies Financial Group raised their price objective on shares of Power Co. of Canada from C$55.00 to C$56.00 in a research report on Monday, April 21st. CIBC raised shares of Power Co. of Canada from a "neutral" rating to an "outperform" rating and upped their target price for the company from C$48.00 to C$55.00 in a report on Friday, February 7th. Finally, BMO Capital Markets raised their price target on Power Co. of Canada from C$49.00 to C$52.00 in a report on Friday, March 14th. Four investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of C$54.13.

Power Co. of Canada Stock Performance

Shares of POW traded up C$0.39 during midday trading on Friday, hitting C$51.93. The company had a trading volume of 481,665 shares, compared to its average volume of 2,595,260. Power Co. of Canada has a 1 year low of C$36.08 and a 1 year high of C$52.31. The firm has a market capitalization of C$33.19 billion, a P/E ratio of 14.66, a P/E/G ratio of 0.57 and a beta of 1.09. The company's 50-day simple moving average is C$50.04 and its 200-day simple moving average is C$47.04.

About Power Co. of Canada

Power Corporation of Canada, an international management and holding company, offers financial services in North America, Europe, and Asia. It operates through Lifeco, IGM Financial, and GBL segments. The company offers life, health and dental, disability, critical illness, and creditor insurance; accidental death and dismemberment; retirement savings and income and annuity products; and life assurance, pension, and investment products to individuals and small business owners.