Power Co. of Canada (TSE:POW) Reaches New 1-Year High – Still a Buy?

Power Co. of Canada (TSE:POW) shares reached a new 52-week high on Thursday . The stock traded as high as C$44.44 and last traded at C$44.41, with a volume of 50006 shares. The stock had previously closed at C$44.20.

Analyst Ratings Changes

POW has been the topic of several research analyst reports. Royal Bank of Canada increased their price target 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 increased their target price on Power Co. of Canada from C$47.00 to C$47.50 in a report on Wednesday, July 24th. TD Securities upgraded Power Co. of Canada from a “hold” rating to a “strong-buy” rating in a report on Monday, August 12th. Desjardins raised their price objective on Power Co. of Canada from C$43.00 to C$44.00 and gave the stock a “buy” rating in a research note on Monday, August 12th. Finally, CIBC lowered their target price on shares of Power Co. of Canada from C$43.00 to C$40.00 in a research note on Friday, August 9th. Three investment analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Power Co. of Canada has a consensus rating of “Moderate Buy” and a consensus price target of C$43.28.

Power Co. of Canada Stock Performance

The company has a debt-to-equity ratio of 48.53, a quick ratio of 107.64 and a current ratio of 91.78. The stock has a market capitalization of C$26.30 billion, a P/E ratio of 10.11, a P/E/G ratio of 0.57 and a beta of 1.09. The stock has a 50 day moving average of C$41.34 and a 200 day moving average of C$39.52.

Power Co. of Canada (TSE:POW) last released its quarterly earnings data on Thursday, August 8th. The financial services provider reported C$1.17 earnings per share for the quarter, topping analysts’ consensus estimates of C$1.12 by C$0.05. The business had revenue of C$9.91 billion for the quarter. Power Co. of Canada had a net margin of 8.29% and a return on equity of 11.29%. Equities analysts predict that Power Co. of Canada will post 4.9831081 EPS for the current year.

Power Co. of Canada Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 1st. Stockholders of record on Friday, September 27th will be given a dividend of $0.563 per share. The ex-dividend date of this dividend is Friday, September 27th. This represents a $2.25 annualized dividend and a dividend yield of 5.07%. Power Co. of Canada’s dividend payout ratio is presently 51.25%.

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.