Power Co. of Canada (TSE:POW – Get Free Report) announced its earnings results on Thursday. The financial services provider reported C$1.55 earnings per share (EPS) for the quarter, FiscalAI reports. The business had revenue of C$11.70 billion for the quarter. Power Co. of Canada had a return on equity of 11.34% and a net margin of 7.93%.
Power Co. of Canada Stock Up 1.9%
POW opened at C$92.62 on Friday. The stock has a market cap of C$58.37 billion, a price-to-earnings ratio of 22.26, a price-to-earnings-growth ratio of 0.57 and a beta of 0.73. The company has a debt-to-equity ratio of 86.98, a quick ratio of 107.64 and a current ratio of 0.87. The firm’s fifty day moving average is C$87.84 and its 200 day moving average is C$76.39. Power Co. of Canada has a fifty-two week low of C$55.36 and a fifty-two week high of C$93.92.
Wall Street Analysts Forecast Growth
POW has been the topic of several recent research reports. National Bank Financial increased their price objective on shares of Power Co. of Canada from C$85.00 to C$102.00 and gave the stock a “sector perform” rating in a research note on Monday. Jefferies Financial Group lifted their price target on shares of Power Co. of Canada from C$73.00 to C$90.00 in a research note on Thursday, May 14th. BMO Capital Markets boosted their price objective on shares of Power Co. of Canada from C$69.00 to C$79.00 and gave the company a “market perform” rating in a research report on Tuesday, May 12th. Scotia raised their target price on Power Co. of Canada from C$79.00 to C$90.00 and gave the stock a “sector outperform” rating in a report on Thursday, May 14th. Finally, TD downgraded Power Co. of Canada from a “buy” rating to a “hold” rating and lifted their target price for the company from C$74.00 to C$84.00 in a research report on Thursday, May 14th. Four research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of C$84.90.
Power Co. of Canada Company Profile
Power Corporation is an international management and holding company that focuses on financial services in North America, Europe and Asia. Its core holdings are leading insurance, retirement, wealth management and investment businesses, including a portfolio of alternative asset investment platforms.
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