Power Co. of Canada (TSE:POW) Sets New 52-Week High at $40.30

Power Co. of Canada (TSE:POW) hit a new 52-week high on Thursday . The company traded as high as C$40.30 and last traded at C$40.24, with a volume of 157550 shares trading hands. The stock had previously closed at C$39.47.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. National Bankshares lifted their price objective on Power Co. of Canada from C$39.00 to C$41.00 in a research note on Thursday, March 21st. CIBC lowered their target price on Power Co. of Canada from C$43.00 to C$40.00 and set a “neutral” rating for the company in a research note on Friday, April 26th. Jefferies Financial Group boosted their target price on Power Co. of Canada from C$43.00 to C$44.00 and gave the stock a “buy” rating in a research note on Tuesday. Desjardins boosted their target price on Power Co. of Canada from C$39.00 to C$40.00 and gave the stock a “buy” rating in a research note on Friday, February 2nd. Finally, BMO Capital Markets boosted their target price on Power Co. of Canada from C$41.00 to C$42.00 and gave the stock a “market perform” rating in a research note on Tuesday. Five research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of C$41.80.

Power Co. of Canada Price Performance

The company has a market capitalization of C$23.93 billion, a PE ratio of 11.51, a P/E/G ratio of 0.95 and a beta of 1.09. The company has a current ratio of 23.47, a quick ratio of 107.64 and a debt-to-equity ratio of 50.75. The stock has a fifty day simple moving average of C$37.93 and a 200-day simple moving average of C$37.54.

Power Co. of Canada (TSE:POW) last posted its earnings results on Wednesday, March 20th. The financial services provider reported C$0.89 earnings per share for the quarter, missing the consensus estimate of C$1.00 by C($0.11). Power Co. of Canada had a net margin of 6.89% and a return on equity of 8.94%. The firm had revenue of C$21.37 billion during the quarter. Equities analysts anticipate that Power Co. of Canada will post 4.5329341 earnings per share for the current year.

Power Co. of Canada Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, May 1st. Stockholders of record on Thursday, March 28th were issued a $0.563 dividend. This is an increase from Power Co. of Canada’s previous quarterly dividend of $0.53. This represents a $2.25 annualized dividend and a dividend yield of 5.60%. The ex-dividend date was Wednesday, March 27th. Power Co. of Canada’s payout ratio is presently 65.60%.

Power Co. of Canada Company Profile

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.