Power Co. of Canada (TSE:POW) Stock Passes Above Two Hundred Day Moving Average - What's Next?

Power Co. of Canada (TSE:POW - Get Free Report)'s share price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$39.71 and traded as high as C$44.44. Power Co. of Canada shares last traded at C$44.32, with a volume of 973,800 shares.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on POW. Royal Bank of Canada raised their price target on Power Co. of Canada from C$46.00 to C$47.00 and gave the stock a "sector perform" rating in a research note on Monday, August 12th. TD Securities upgraded shares of Power Co. of Canada from a "hold" rating to a "strong-buy" rating in a research note on Monday, August 12th. CIBC cut their target price on shares of Power Co. of Canada from C$43.00 to C$40.00 in a research report on Friday, August 9th. Desjardins increased their price target on shares of Power Co. of Canada from C$43.00 to C$44.00 and gave the stock a "buy" rating in a research report on Monday, August 12th. Finally, Jefferies Financial Group cut their price objective on Power Co. of Canada from C$45.00 to C$44.00 in a research note on Friday, August 2nd. Three research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Power Co. of Canada presently has a consensus rating of "Moderate Buy" and a consensus price target of C$43.28.

Power Co. of Canada Stock Down 0.4 %

The company has a debt-to-equity ratio of 48.53, a quick ratio of 107.64 and a current ratio of 91.78. The firm has a market capitalization of C$26.16 billion, a price-to-earnings ratio of 10.06, a P/E/G ratio of 0.57 and a beta of 1.09. The business has a 50 day simple moving average of C$42.08 and a 200-day simple moving average of C$39.76.

Power Co. of Canada (TSE:POW - Get Free Report) last released its quarterly earnings results on Thursday, August 8th. The financial services provider reported C$1.17 EPS for the quarter, topping the consensus estimate of C$1.12 by C$0.05. The business had revenue of C$9.91 billion during the quarter. Power Co. of Canada had a return on equity of 11.29% and a net margin of 8.29%. On average, equities analysts expect that Power Co. of Canada will post 4.9831081 EPS for the current year.

Power Co. of Canada Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 1st. Investors of record on Friday, September 27th will be paid a dividend of $0.563 per share. This represents a $2.25 annualized dividend and a yield of 5.10%. The ex-dividend date is Friday, September 27th. Power Co. of Canada's payout ratio is 51.25%.

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.