Power Co. of Canada (TSE:POW) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of Power Co. of Canada (TSE:POW) have earned an average rating of “Moderate Buy” from the seven analysts that are currently covering the firm, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation, three have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price target among brokerages that have covered the stock in the last year is C$43.28.

Several equities analysts have weighed in on POW shares. TD Securities upgraded shares of Power Co. of Canada from a “hold” rating to a “strong-buy” rating in a report on Monday, August 12th. Scotiabank lifted their target price on shares of Power Co. of Canada from C$47.00 to C$47.50 in a research report on Wednesday, July 24th. Jefferies Financial Group cut their target price on shares of Power Co. of Canada from C$45.00 to C$44.00 in a research report on Friday, August 2nd. Desjardins lifted their target price on shares of Power Co. of Canada from C$43.00 to C$44.00 and gave the stock a “buy” rating in a research report on Monday, August 12th. Finally, CIBC cut their target price on shares of Power Co. of Canada from C$43.00 to C$40.00 in a research report on Friday, August 9th.

Power Co. of Canada Stock Performance

Shares of POW opened at C$44.19 on Monday. The company has a 50-day simple moving average of C$40.82 and a 200-day simple moving average of C$39.31. The company has a quick ratio of 107.64, a current ratio of 91.78 and a debt-to-equity ratio of 48.53. The company has a market capitalization of C$26.18 billion, a PE ratio of 10.07, a P/E/G ratio of 0.95 and a beta of 1.09. Power Co. of Canada has a 52-week low of C$32.33 and a 52-week high of C$44.28.

Power Co. of Canada (TSE:POW) last announced its quarterly earnings results on Thursday, August 8th. The financial services provider reported C$1.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$1.12 by C$0.05. The business had revenue of C$9.91 billion during the quarter. Power Co. of Canada had a net margin of 8.29% and a return on equity of 11.29%. Equities research analysts predict that Power Co. of Canada will post 4.976825 earnings per share for the current fiscal year.

Power Co. of Canada Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, November 1st. Stockholders of record on Friday, September 27th will be issued a dividend of $0.563 per share. The ex-dividend date is Friday, September 27th. This represents a $2.25 dividend on an annualized basis and a dividend yield of 5.10%. Power Co. of Canada’s dividend payout ratio (DPR) is presently 51.25%.

About Power Co. of Canada

Power Corporation of Canada, an international management and holding company, offers financial services in North America, Europe, and Asia. It operates through Lifeco, IGM Financial, and GBL segments. The company offers life, health and dental, disability, critical illness, and creditor insurance; accidental death and dismemberment; retirement savings and income and annuity products; and life assurance, pension, and investment products to individuals and small business owners.