Power Co. of Canada (TSE:POW) Upgraded to “Outperform” at Royal Bank Of Canada

Royal Bank Of Canada upgraded shares of Power Co. of Canada (TSE:POW) from a sector perform rating to an outperform rating in a research note issued to investors on Friday morning,BayStreet.CA reports. They currently have C$73.00 target price on the financial services provider’s stock, up from their previous target price of C$69.00.

A number of other research firms have also recently weighed in on POW. Scotiabank boosted their target price on shares of Power Co. of Canada from C$76.00 to C$78.00 and gave the stock an “outperform” rating in a research note on Thursday, February 19th. TD Securities raised their price objective on Power Co. of Canada from C$73.00 to C$74.00 and gave the company a “hold” rating in a report on Friday, March 13th. National Bank Financial boosted their price objective 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. Finally, Desjardins upped their target price on Power Co. of Canada from C$78.00 to C$79.00 and gave the stock a “buy” rating in a report on Tuesday, March 3rd. Four analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of C$75.38.

Power Co. of Canada Trading Up 1.6%

POW opened at C$64.88 on Friday. The company’s 50 day moving average is C$67.56 and its 200-day moving average is C$66.63. Power Co. of Canada has a 1-year low of C$47.05 and a 1-year high of C$74.91. The company has a current ratio of 3.95, a quick ratio of 107.64 and a debt-to-equity ratio of 84.71. The company has a market cap of C$41.14 billion, a P/E ratio of 13.69, a PEG ratio of 0.57 and a beta of 0.72.

Power Co. of Canada (TSE:POW) last released its quarterly earnings data on Wednesday, March 18th. The financial services provider reported C$1.36 earnings per share (EPS) for the quarter. The business had revenue of C$8.84 billion during the quarter. Power Co. of Canada had a net margin of 9.73% and a return on equity of 12.83%. Equities research analysts predict that Power Co. of Canada will post 4.9289678 earnings per share for the current fiscal year.

Key Stories Impacting Power Co. of Canada

Here are the key news stories impacting Power Co. of Canada this week:

• Positive Sentiment: TD Securities upgraded POW from “hold” to “buy” and raised its target to C$74, signalling stronger conviction from a major dealer. TD Securities Upgrade
• Positive Sentiment: Royal Bank of Canada upgraded POW to “outperform” and lifted its target to C$73, reflecting improved fundamentals or outlook from another large bank. RBC Upgrade
• Positive Sentiment: Jefferies raised its price target on POW to C$73, adding more upward pressure from the sell-side community. Jefferies Price Target Raise
• Positive Sentiment: Canadian Imperial Bank of Commerce increased its target to C$78, the highest among recent revisions, suggesting meaningful upside in analysts’ view. CIBC Price Target Raise
• Positive Sentiment: POW reported quarterly results showing C$1.36 EPS, a 12.8% return on equity and C$8.84B revenue — solid profitability metrics that likely supported the analyst optimism. Earnings Press Release
• Positive Sentiment: The company declared a CAD 0.6675 dividend, reinforcing income appeal for investors and supporting demand for the stock. Dividend Announcement

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.