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

by · The Markets Daily

Power Co. of Canada (TSE:POW – Get Free Report) announced 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 net margin of 7.93% and a return on equity of 11.34%. The business had revenue of C$11.70 billion during the quarter.

Power Co. of Canada Trading Up 3.4%

Shares of POW opened at C$95.80 on Friday. The company has a debt-to-equity ratio of 86.98, a current ratio of 0.87 and a quick ratio of 107.64. The firm has a 50 day simple moving average of C$88.13 and a 200-day simple moving average of C$76.53. Power Co. of Canada has a 1-year low of C$55.36 and a 1-year high of C$97.66. The stock has a market cap of C$60.37 billion, a price-to-earnings ratio of 23.03, a price-to-earnings-growth ratio of 0.57 and a beta of 0.73.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. National Bank Financial increased their target price on shares of Power Co. of Canada from C$85.00 to C$102.00 and gave the company a “sector perform” rating in a report on Monday, July 27th. Jefferies Financial Group boosted their price target on Power Co. of Canada from C$73.00 to C$90.00 in a research note on Thursday, May 14th. TD Securities cut Power Co. of Canada from a “strong-buy” rating to a “hold” rating in a report on Thursday, May 14th. Desjardins raised their price objective 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. Finally, BMO Capital Markets boosted their target price on Power Co. of Canada from C$69.00 to C$79.00 and gave the stock a “market perform” rating in a research report on Tuesday, May 12th. Four analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of C$86.60.

Read Our Latest Analysis on POW

About Power Co. of Canada

(Get Free Report)

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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