Power Financial (TSE:PWF) had its target price reduced by TD Securities from C$35.00 to C$34.00 in a report published on Thursday morning, BayStreet.CA reports.
PWF has been the topic of several other reports. Royal Bank of Canada lifted their price target on shares of Power Financial from C$33.00 to C$36.00 and gave the company a sector perform rating in a research note on Tuesday, March 12th. BMO Capital Markets lifted their price target on shares of Power Financial from C$31.00 to C$33.00 and gave the company a market perform rating in a research note on Tuesday, April 16th. Desjardins lifted their price target on shares of Power Financial from C$33.00 to C$34.00 in a research note on Tuesday, March 12th. Finally, CIBC lifted their price target on shares of Power Financial from C$32.50 to C$37.00 in a research note on Thursday, March 21st.
PWF stock traded down C$0.02 during midday trading on Thursday, hitting C$29.77. The company’s stock had a trading volume of 447,777 shares, compared to its average volume of 802,124. The company has a current ratio of 1.67, a quick ratio of 0.90 and a debt-to-equity ratio of 46.69. Power Financial has a twelve month low of C$25.05 and a twelve month high of C$33.27. The firm has a market capitalization of $19.78 billion and a P/E ratio of 9.49.
Power Financial (TSE:PWF) last issued its quarterly earnings results on Wednesday, March 20th. The financial services provider reported C$0.65 earnings per share (EPS) for the quarter. As a group, equities research analysts forecast that Power Financial will post 3.78999997873597 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 1st. Stockholders of record on Friday, March 29th were paid a dividend of $0.456 per share. The ex-dividend date of this dividend was Thursday, March 28th. This is a positive change from Power Financial’s previous quarterly dividend of $0.43. This represents a $1.82 annualized dividend and a dividend yield of 6.13%. Power Financial’s payout ratio is currently 55.89%.
Power Financial Company Profile
Power Financial Corporation provides financial services in Canada, the United States, Europe, and Asia. It offers life, disability, critical illness, and health insurance products, as well as wealth savings and income products, and specialty products. The company also provides financial products, including employer-sponsored defined contribution plans, individual retirement accounts, enrollment services, communication materials, investment options and education services, fund management services, and investment and advisory services.
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