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

Power Co. of Canada (TSE:POW) issued its quarterly earnings results on Thursday. The financial services provider reported C$1.55 earnings per share (EPS) for the quarter, FiscalAI reports. Power Co. of Canada had a return on equity of 11.34% and a net margin of 7.93%.The business had revenue of C$11.70 billion for the quarter.

Power Co. of Canada Price Performance

Shares of POW stock traded up C$1.70 on Thursday, hitting C$92.62. 1,914,683 shares of the company’s stock were exchanged, compared to its average volume of 2,358,305. The company has a debt-to-equity ratio of 86.98, a current ratio of 0.87 and a quick ratio of 107.64. Power Co. of Canada has a 12 month low of C$55.36 and a 12 month high of C$93.92. The stock has a market cap of C$58.37 billion, a P/E ratio of 22.26, a price-to-earnings-growth ratio of 0.57 and a beta of 0.73. The company has a 50 day moving average of C$87.63 and a 200 day moving average of C$76.25.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the company. National Bank Financial upped their target price on Power Co. of Canada from C$85.00 to C$102.00 and gave the company a “sector perform” rating in a research report on Monday. Desjardins boosted their price target on Power Co. of Canada from C$81.00 to C$87.00 and gave the company a “buy” rating in a research note on Thursday, May 14th. Scotia upped their price objective on shares of Power Co. of Canada from C$79.00 to C$90.00 and gave the stock a “sector outperform” rating in a research report on Thursday, May 14th. BMO Capital Markets raised their target price 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 report on Tuesday, May 12th. Finally, Royal Bank Of Canada boosted their target price on shares of Power Co. of Canada from C$86.00 to C$87.00 and gave the company an “outperform” rating in a research report on Monday, July 13th. Four research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price 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.