Desjardins Forecasts Higher Earnings for Power Co. of Canada

Power Co. of Canada (TSE:POW - Free Report) - Equities research analysts at Desjardins upped their FY2024 earnings estimates for shares of Power Co. of Canada in a research note issued to investors on Monday, March 3rd. Desjardins analyst D. Young now forecasts that the financial services provider will earn $4.78 per share for the year, up from their previous forecast of $4.72. Desjardins has a "Buy" rating and a $53.00 price objective 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 Q4 2024 earnings at $1.65 EPS, FY2025 earnings at $5.25 EPS and FY2026 earnings at $5.70 EPS.

A number of other brokerages have also weighed in on POW. BMO Capital Markets upped their target price on Power Co. of Canada from C$42.00 to C$49.00 in a research note on Tuesday, November 12th. CIBC upgraded shares of Power Co. of Canada from a "neutral" rating to an "outperform" rating and upped their price objective for the stock from C$48.00 to C$55.00 in a research report on Friday, February 7th. TD Securities raised their target price on shares of Power Co. of Canada from C$49.00 to C$53.00 and gave the company a "buy" rating in a research note on Thursday, February 13th. Jefferies Financial Group boosted their price target on shares of Power Co. of Canada from C$52.00 to C$54.00 and gave the stock a "buy" rating in a research note on Thursday, February 27th. Finally, Cibc World Mkts raised shares of Power Co. of Canada from a "hold" rating to a "strong-buy" rating in a report on Friday, February 7th. Three equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of C$50.69.

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Power Co. of Canada Trading Down 0.9 %

Shares of Power Co. of Canada stock traded down C$0.46 during trading on Wednesday, hitting C$50.23. The stock had a trading volume of 2,283,035 shares, compared to its average volume of 2,142,414. The firm has a market cap of C$32.10 billion, a price-to-earnings ratio of 14.18, a P/E/G ratio of 0.57 and a beta of 1.09. Power Co. of Canada has a 12 month low of C$35.83 and a 12 month high of C$50.79. The business's 50-day moving average is C$45.64 and its 200 day moving average is C$44.55.

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.