Power Co. of Canada (TSE:POW) Posts Quarterly Earnings Results

Power Co. of Canada (TSE:POW) released its earnings results on Wednesday. The financial services provider reported C$1.53 earnings per share for the quarter, FiscalAI reports. The business had revenue of C$10.81 billion during the quarter. Power Co. of Canada had a return on equity of 10.91% and a net margin of 7.72%.

Power Co. of Canada Stock Down 3.1%

Power Co. of Canada stock opened at C$92.93 on Friday. The business has a fifty day moving average of C$93.00 and a two-hundred day moving average of C$82.78. The company has a quick ratio of 107.64, a current ratio of 0.71 and a debt-to-equity ratio of 87.52. The firm has a market cap of C$58.33 billion, a P/E ratio of 22.89, a P/E/G ratio of 0.57 and a beta of 0.57. Power Co. of Canada has a twelve month low of C$62.50 and a twelve month high of C$98.49.

Analyst Ratings Changes

A number of research analysts have recently commented on POW shares. Jefferies Financial Group upgraded shares of Power Co. of Canada from a “hold” rating to a “strong-buy” rating in a report on Friday, July 31st. National Bank Financial lifted their price objective on shares of Power Co. of Canada from C$85.00 to C$102.00 and gave the company a “sector perform” rating in a report on Monday, July 27th. TD boosted their price objective on shares of Power Co. of Canada from C$84.00 to C$101.00 and gave the company a “hold” rating in a research report on Friday, July 31st. Finally, Desjardins boosted their price objective on shares of Power Co. of Canada from C$102.00 to C$104.00 and gave the company a “buy” rating in a research report on Tuesday, November 3rd. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, Power Co. of Canada currently has a consensus rating of “Moderate Buy” and an average price target of C$88.30.

About Power Co. of Canada

Power Corporation is an international management and holding company that focuses on financial services in North America, Europe and Asia. Its core holdings are leading insurance, retirement, wealth management and investment businesses, including a portfolio of alternative asset investment platforms.