Power Corporation of Canada (TSE:POW) was upgraded by research analysts at TD Securities from a “hold” rating to a “buy” rating in a report released on Monday, Analyst Ratings News reports. The firm currently has a C$35.00 price target on the stock, up from their previous price target of C$31.00. TD Securities’ price objective indicates a potential upside of 11.15% from the company’s current price.
POW has been the subject of a number of other recent research reports. Analysts at BMO Capital Markets raised their price target on shares of Power Corporation of Canada from C$33.00 to C$35.00 in a research note to investors on Friday. They now have an “outperform” rating on the stock. Separately, analysts at Scotiabank raised their price target on shares of Power Corporation of Canada from C$34.50 to C$35.50 in a research note to investors on Friday. They now have an “outperform” rating on the stock. Finally, analysts at Scotiabank upgraded shares of Power Corporation of Canada from a “sector perform” rating to a “sector outperform” rating in a research note to investors on Tuesday, November 5th. They now have a C$34.50 price target on the stock, up previously from C$33.00. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Power Corporation of Canada presently has a consensus rating of “Hold” and an average price target of C$31.88.
Power Corporation of Canada (TSE:POW) traded up 2.13% during mid-day trading on Monday, hitting $32.16. 913,147 shares of the company’s stock traded hands. Power Corporation of Canada has a 52-week low of $23.72 and a 52-week high of $31.55. The stock’s 50-day moving average is $29.81 and its 200-day moving average is $29.08. The company has a market cap of $31.916 billion and a P/E ratio of 18.97.
Power Corporation of Canada (TSE:POW) last announced its earnings results on Thursday, November 14th. The company reported $0.49 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.62 by $0.13. On average, analysts predict that Power Corporation of Canada will post $2.35 earnings per share for the current fiscal year.
Power Corporation of Canada (TSE:POW) is a holding company.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.