Power Co. of Canada (TSE:POW) Given Consensus Recommendation of “Hold” by Analysts

Power Co. of Canada (TSE:POW) has earned a consensus recommendation of “Hold” from the ten ratings firms that are presently covering the company, MarketBeat Ratings reports. Six analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12-month target price among brokers that have covered the stock in the last year is C$83.10.

POW has been the topic of a number of recent research reports. Royal Bank Of Canada increased their target price on Power Co. of Canada from C$73.00 to C$86.00 and gave the stock an “outperform” rating in a research note on Thursday, May 14th. BMO Capital Markets increased their price target 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. Jefferies Financial Group upped their price objective on Power Co. of Canada from C$73.00 to C$90.00 in a research report on Thursday, May 14th. TD lowered Power Co. of Canada from a “buy” rating to a “hold” rating and lifted their target price for the stock from C$74.00 to C$84.00 in a report on Thursday, May 14th. Finally, TD Securities cut Power Co. of Canada from a “strong-buy” rating to a “hold” rating in a research note on Thursday, May 14th.

Power Co. of Canada Stock Performance

Shares of POW opened at C$88.42 on Wednesday. The company has a quick ratio of 107.64, a current ratio of 0.87 and a debt-to-equity ratio of 86.98. The business’s 50 day moving average price is C$81.68 and its 200-day moving average price is C$73.59. Power Co. of Canada has a 52 week low of C$52.06 and a 52 week high of C$90.70. The stock has a market cap of C$55.72 billion, a P/E ratio of 21.25, a P/E/G ratio of 0.57 and a beta of 0.73.

Power Co. of Canada (TSE:POW) last released its earnings results on Tuesday, May 12th. The financial services provider reported C$1.43 EPS for the quarter. Power Co. of Canada had a return on equity of 11.34% and a net margin of 7.93%.The firm had revenue of C$10.96 billion for the quarter. Equities research analysts anticipate that Power Co. of Canada will post 4.9289678 earnings per share for the current fiscal year.

About Power Co. of Canada

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.