Desjardins Expects Stronger Earnings for Power Co. of Canada

Power Co. of Canada (TSE:POW) – Analysts at Desjardins upped their FY2024 earnings per share estimates for shares of Power Co. of Canada in a research report issued on Tuesday, November 12th. Desjardins analyst D. Young now expects that the financial services provider will earn $4.72 per share for the year, up from their previous forecast of $4.64. Desjardins has a “Buy” rating and a $44.00 price objective on the stock. The consensus estimate for Power Co. of Canada’s current full-year earnings is $4.93 per share. Desjardins also issued estimates for Power Co. of Canada’s FY2026 earnings at $5.35 EPS.

A number of other equities analysts have also issued reports on POW. Royal Bank of Canada raised their target price on shares of Power Co. of Canada from C$46.00 to C$47.00 and gave the stock a “sector perform” rating in a research report on Monday, August 12th. Scotiabank upped their price objective on Power Co. of Canada from C$47.00 to C$47.50 in a research note on Wednesday, July 24th. CIBC increased their target price on Power Co. of Canada from C$45.00 to C$51.00 in a research note on Wednesday. National Bankshares raised their target price on Power Co. of Canada from C$42.00 to C$47.00 and gave the company a “sector perform” rating in a report on Wednesday, October 30th. Finally, TD Securities upped their price target on shares of Power Co. of Canada from C$44.00 to C$49.00 and gave the stock a “buy” rating in a research note on Thursday. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of C$47.31.

Power Co. of Canada Stock Up 0.1 %

POW stock opened at C$45.62 on Thursday. The stock has a market cap of C$27.03 billion, a P/E ratio of 10.39, a PEG ratio of 0.57 and a beta of 1.09. The company has a current ratio of 91.78, a quick ratio of 107.64 and a debt-to-equity ratio of 48.53. Power Co. of Canada has a twelve month low of C$35.83 and a twelve month high of C$47.18. The company’s 50 day moving average is C$43.68 and its two-hundred day moving average is C$40.60.

Power Co. of Canada (TSE:POW) last posted its quarterly earnings results on Tuesday, November 12th. The financial services provider reported C$0.82 earnings per share for the quarter, missing analysts’ consensus estimates of C$1.14 by C($0.32). The business had revenue of C$5.29 billion during the quarter. Power Co. of Canada had a net margin of 8.29% and a return on equity of 11.29%.

Power Co. of Canada Company Profile

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.