TD Securities Upgrades Power Co. of Canada (TSE:POW) to “Buy”

Power Co. of Canada (TSE:POW – Get Rating) was upgraded by investment analysts at TD Securities from a “hold” rating to a “buy” rating in a report released on Wednesday, BayStreet.CA reports. The firm presently has a C$41.00 price target on the financial services provider’s stock, up from their previous price target of C$38.00. TD Securities’ target price points to a potential upside of 15.14% from the stock’s current price.

A number of other research analysts also recently weighed in on POW. Scotiabank upped their target price on Power Co. of Canada from C$39.00 to C$44.00 in a report on Wednesday, March 8th. Barclays boosted their price target on Power Co. of Canada from C$35.00 to C$39.00 in a research report on Monday, March 13th. Royal Bank of Canada boosted their price target on Power Co. of Canada from C$39.00 to C$41.00 and gave the stock a “sector perform” rating in a research report on Friday, March 17th. National Bankshares boosted their price target on Power Co. of Canada from C$40.00 to C$41.00 and gave the stock a “sector perform” rating in a research report on Tuesday. Finally, CIBC increased their price target on Power Co. of Canada from C$35.00 to C$37.00 in a report on Tuesday, January 24th.

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Power Co. of Canada Stock Down 0.2 %

Shares of TSE:POW opened at C$35.61 on Wednesday. Power Co. of Canada has a 1 year low of C$29.76 and a 1 year high of C$37.66. The company has a market cap of C$21.77 billion, a PE ratio of 12.72, a P/E/G ratio of -3.07 and a beta of 1.06. The company has a debt-to-equity ratio of 48.01, a current ratio of 12.44 and a quick ratio of 107.64. The stock’s 50-day moving average is C$35.32 and its 200 day moving average is C$34.69.

Power Co. of Canada (TSE:POW – Get Rating) last announced its quarterly earnings results on Thursday, March 16th. The financial services provider reported C$0.59 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.97 by C($0.38). Power Co. of Canada had a net margin of 4.03% and a return on equity of 8.07%. The business had revenue of C$15.09 billion for the quarter. Sell-side analysts anticipate that Power Co. of Canada will post 4.0958904 EPS for the current year.

Power Co. of Canada Company Profile

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Power Corporation of Canada operates as an international management and holding company in North America, Europe, and Asia. It operates through Lifeco, IGM Financial, and GBL segments. The company offers life, disability, critical illness, accidental death, dismemberment, health and dental protection, and creditor insurance; retirement and investment management; asset management; and reinsurance and retrocession; investment advisory, financial planning, and related services; and fund, protection, and wealth management services.

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