Power Co. of Canada (TSE:POW) Releases Earnings Results

Power Co. of Canada (TSE:POW) announced its quarterly earnings data on Wednesday. The financial services provider reported C$1.36 earnings per share (EPS) for the quarter, FiscalAI reports. The firm had revenue of C$8.84 billion for the quarter. Power Co. of Canada had a return on equity of 12.83% and a net margin of 9.73%.

Power Co. of Canada Stock Up 2.0%

Shares of Power Co. of Canada stock traded up C$1.28 during trading on Friday, hitting C$65.11. 1,544,414 shares of the stock traded hands, compared to its average volume of 2,172,560. The stock has a market cap of C$41.29 billion, a P/E ratio of 13.74, a PEG ratio of 0.57 and a beta of 0.72. The company has a fifty day moving average price of C$67.71 and a two-hundred day moving average price of C$66.58. Power Co. of Canada has a twelve month low of C$47.05 and a twelve month high of C$74.91. The company has a debt-to-equity ratio of 84.71, a quick ratio of 107.64 and a current ratio of 3.95.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the stock. Scotiabank raised their price objective on shares of Power Co. of Canada from C$76.00 to C$78.00 and gave the company an “outperform” rating in a research note on Thursday, February 19th. Desjardins lifted their price target on Power Co. of Canada from C$78.00 to C$79.00 and gave the company a “buy” rating in a research report on Tuesday, March 3rd. TD Securities boosted their price objective on Power Co. of Canada from C$73.00 to C$74.00 and gave the stock a “hold” rating in a research note on Friday, March 13th. National Bank Financial upped their price objective on Power Co. of Canada from C$69.00 to C$77.00 and gave the company a “sector perform” rating in a report on Wednesday, February 4th. Finally, Royal Bank Of Canada lifted their target price on Power Co. of Canada from C$68.00 to C$69.00 and gave the stock a “sector perform” rating in a report on Monday, January 26th. Two analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of C$73.88.

Power Co. of Canada Company Profile

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.