Power Co. of Canada (TSE:POW) Given Average Recommendation of “Hold” by Brokerages

Shares of Power Co. of Canada (TSE:POW) have received an average recommendation of “Hold” from the six analysts that are currently covering the stock, Marketbeat reports. Four research analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is C$41.44.

Several brokerages have recently issued reports on POW. BMO Capital Markets raised their price objective on shares of Power Co. of Canada from C$38.00 to C$41.00 in a research note on Friday, March 15th. Desjardins raised their price objective on shares of Power Co. of Canada from C$39.00 to C$40.00 and gave the stock a “buy” rating in a research note on Friday, February 2nd. Royal Bank of Canada upgraded shares of Power Co. of Canada from a “sector perform” rating to an “outperform” rating and raised their price objective for the stock from C$41.00 to C$45.00 in a research note on Thursday, January 4th. TD Securities cut Power Co. of Canada from a “buy” rating to a “hold” rating and raised their target price for the stock from C$40.00 to C$42.00 in a research report on Friday, March 22nd. Finally, Scotiabank raised their target price on Power Co. of Canada from C$44.00 to C$45.00 and gave the stock a “sector perform” rating in a research report on Wednesday, January 31st.

Power Co. of Canada Trading Down 0.7 %

Shares of POW stock opened at C$36.40 on Monday. The business’s 50 day moving average is C$38.16 and its two-hundred day moving average is C$37.33. The company has a market cap of C$21.66 billion, a PE ratio of 10.61, a price-to-earnings-growth ratio of 0.95 and a beta of 1.11. The company has a quick ratio of 107.64, a current ratio of 23.47 and a debt-to-equity ratio of 50.75. Power Co. of Canada has a 12 month low of C$32.33 and a 12 month high of C$40.30.

Power Co. of Canada (TSE:POW) last announced its quarterly earnings data on Wednesday, March 20th. The financial services provider reported C$0.89 earnings per share (EPS) for the quarter, missing the consensus estimate of C$1.00 by C($0.11). The company had revenue of C$21.37 billion during the quarter. Power Co. of Canada had a return on equity of 8.94% and a net margin of 6.89%. Equities analysts predict that Power Co. of Canada will post 4.5349398 EPS for the current year.

Power Co. of Canada Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 1st. Investors of record on Thursday, March 28th will be given a $0.563 dividend. This is a boost from Power Co. of Canada’s previous quarterly dividend of $0.53. This represents a $2.25 annualized dividend and a yield of 6.19%. The ex-dividend date is Wednesday, March 27th. Power Co. of Canada’s dividend payout ratio (DPR) is 65.60%.

About Power Co. of Canada

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.