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

Power Co. of Canada (TSE:POW) posted its quarterly earnings results on Tuesday. The financial services provider reported C$1.43 EPS for the quarter, FiscalAI reports. Power Co. of Canada had a return on equity of 10.81% and a net margin of 6.98%.The firm had revenue of C$10.96 billion during the quarter.

Power Co. of Canada Price Performance

POW stock opened at C$80.09 on Wednesday. The business has a fifty day moving average of C$70.11 and a two-hundred day moving average of C$69.71. The company has a quick ratio of 107.64, a current ratio of 1.44 and a debt-to-equity ratio of 105.91. The stock has a market cap of C$50.68 billion, a price-to-earnings ratio of 20.33, a price-to-earnings-growth ratio of 0.57 and a beta of 0.71. Power Co. of Canada has a 52-week low of C$48.18 and a 52-week high of C$80.25.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on POW shares. TD Securities raised Power Co. of Canada from a “hold” rating to a “buy” rating and set a C$74.00 price target for the company in a report on Friday, March 20th. Jefferies Financial Group boosted their target price on shares of Power Co. of Canada from C$68.00 to C$73.00 in a report on Friday, March 20th. Scotiabank boosted their target price on shares of Power Co. of Canada from C$76.00 to C$78.00 and gave the company an “outperform” rating in a report on Thursday, February 19th. Desjardins boosted their target price on shares of Power Co. of Canada from C$78.00 to C$79.00 and gave the company a “buy” rating in a report on Tuesday, March 3rd. Finally, Canadian Imperial Bank of Commerce boosted their target price on shares of Power Co. of Canada from C$75.00 to C$78.00 and gave the company a “hold” rating in a report on Friday, March 20th. Four research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, Power Co. of Canada has a consensus rating of “Moderate Buy” and an average target price of C$76.38.

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.