Power Co. of Canada (TSE:POW) Hits New 1-Year High – Should You Buy?

Power Co. of Canada (TSE:POW) hit a new 52-week high on Tuesday . The stock traded as high as C$80.18 and last traded at C$80.18, with a volume of 349376 shares traded. The stock had previously closed at C$78.44.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on POW shares. Canadian Imperial Bank of Commerce upped their target price on Power Co. of Canada from C$75.00 to C$78.00 and gave the company a “hold” rating in a research note on Friday, March 20th. National Bank Financial upped their price target on Power Co. of Canada from C$69.00 to C$77.00 and gave the stock a “sector perform” rating in a research report on Wednesday, February 4th. Jefferies Financial Group upped their price target on Power Co. of Canada from C$68.00 to C$73.00 in a research report on Friday, March 20th. TD Securities raised Power Co. of Canada from a “hold” rating to a “buy” rating and set a C$74.00 target price on the stock in a research report on Friday, March 20th. Finally, Scotiabank increased 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. Four investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of C$75.38.

Power Co. of Canada Price Performance

The stock has a market capitalization of C$50.45 billion, a PE ratio of 20.24, a price-to-earnings-growth ratio of 0.57 and a beta of 0.71. The stock’s 50 day moving average is C$69.88 and its two-hundred day moving average is C$69.59. The company has a debt-to-equity ratio of 105.91, a quick ratio of 107.64 and a current ratio of 1.44.

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

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.