Desjardins Predicts Higher Earnings for Power Co. of Canada

Power Co. of Canada (TSE:POW) – Equities research analysts at Desjardins boosted their FY2024 EPS estimates for Power Co. of Canada in a research report issued to clients and investors on Tuesday, November 12th. Desjardins analyst D. Young now forecasts that the financial services provider will post earnings of $4.72 per share for the year, up from their prior estimate of $4.64. Desjardins currently has a “Buy” rating and a $44.00 target price 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 research firms also recently weighed in on POW. National Bankshares raised their price target on shares of Power Co. of Canada from C$42.00 to C$47.00 and gave the company a “sector perform” rating in a research note on Wednesday, October 30th. CIBC upped their target price on Power Co. of Canada from C$45.00 to C$51.00 in a report on Wednesday. Royal Bank of Canada boosted their price objective on Power Co. of Canada from C$46.00 to C$47.00 and gave the company a “sector perform” rating in a research note on Monday, August 12th. BMO Capital Markets lifted their price objective on shares of Power Co. of Canada from C$42.00 to C$49.00 in a research note on Tuesday. Finally, Scotiabank upped their price target on Power Co. of Canada from C$47.00 to C$47.50 in a research note on Wednesday, July 24th. Four investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of C$45.83.

Power Co. of Canada Stock Down 3.9 %

Shares of POW opened at C$45.02 on Thursday. The firm has a 50 day simple moving average of C$43.51 and a two-hundred day simple moving average of C$40.48. The company has a market cap of C$26.67 billion, a P/E ratio of 10.26, a P/E/G ratio of 0.57 and a beta of 1.09. Power Co. of Canada has a one year low of C$34.53 and a one year high of C$47.18. The company has a debt-to-equity ratio of 48.53, a current ratio of 91.78 and a quick ratio of 107.64.

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

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.