Power Co. of Canada (POW) Stock Forecast & Price Target

C$46.45 +0.32 (+0.69%)

(As of 11/20/2024 ET)

Power Co. of Canada - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Moderate Buy

Based on 8 Analyst Ratings

Sell
0

Hold
4

Buy
4

Based on 8 Wall Street analysts who have issued ratings for Power Co. of Canada in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 8 analysts, 4 have given a hold rating, and 4 have given a buy rating for POW.

Consensus Price Target

C$47.31
1.86% Upside

According to the 8 analysts' twelve-month price targets for Power Co. of Canada, the average price target is C$47.31. The highest price target for POW is C$51.00, while the lowest price target for POW is C$44.00. The average price target represents a forecasted upside of 1.86% from the current price of C$46.45.

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POW Analyst Ratings Over Time

Type	Current Forecast 11/22/23 to 11/21/24	1 Month Ago 10/23/23 to 10/22/24	3 Months Ago 8/24/23 to 8/23/24	1 Year Ago 11/22/22 to 11/22/23
Strong Buy	0 Strong Buy rating(s)	1 Strong Buy rating(s)	1 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	4 Buy rating(s)	3 Buy rating(s)	3 Buy rating(s)	2 Buy rating(s)
Hold	4 Hold rating(s)	3 Hold rating(s)	3 Hold rating(s)	4 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	C$47.31	C$43.28	C$43.28	C$39.78
Forecasted Upside	1.86% Upside	-2.09% Downside	9.34% Upside	7.10% Upside
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy	Hold

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POW Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

POW Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Power Co. of Canada Stock vs. The Competition

Type	Power Co. of Canada	Financial Services Companies
Consensus Rating Score	2.50	2.63
Consensus Rating	Moderate Buy	Moderate Buy
News Sentiment Rating	Positive News See Recent POW News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
11/14/2024	TD Securities 4 of 5 stars	G. Ryding Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Buy	C$44.00 ➝ C$49.00	+7.36%
11/13/2024	CIBC 3 of 5 stars		Boost Target		C$45.00 ➝ C$51.00	+14.02%
11/12/2024	BMO Capital Markets 4 of 5 stars		Boost Target		C$42.00 ➝ C$49.00	+4.99%
10/30/2024	National Bankshares Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Sector Perform	C$42.00 ➝ C$47.00	+5.43%
8/12/2024	Desjardins Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy	C$43.00 ➝ C$44.00	+17.24%
8/12/2024	Royal Bank of Canada Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Sector Perform	C$46.00 ➝ C$47.00	+25.23%
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8/2/2024	Jefferies Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target		C$45.00 ➝ C$44.00	+16.99%
7/24/2024	Scotiabank Subscribe to MarketBeat All Access for the recommendation accuracy rating	P. Hardie Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target		C$47.00 ➝ C$47.50	+21.61%
11/15/2023	Cfra Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		C$36.00 ➝ C$39.00	+7.20%
5/23/2023	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		C$39.00 ➝ C$40.00	+11.92%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Thursday at 06:36 AM ET.

Should I Buy Power Co. of Canada Stock? POW Pros and Cons Explained

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Thursday, November 7, 2024. Please send any questions or comments about these Power Co. of Canada pros and cons to contact@marketbeat.com.

Power Co. of Canada
Bull Case

Here are some ways that investors could benefit from investing in Power Co. of Canada:

Power Co. of Canada's stock price has recently hit a new 52-week high, indicating positive momentum and potential for further growth.
The company has a strong return on equity of 11.29%, showcasing efficient use of shareholder funds to generate profits.
Power Co. of Canada has consistently beaten analysts' earnings per share (EPS) estimates, demonstrating strong financial performance.
With a moderate buy rating from analysts and a consensus target price of C$43.28, there is optimism surrounding the company's future prospects.
The company's dividend announcement indicates a commitment to rewarding shareholders, offering potential income for investors.

Power Co. of Canada
Bear Case

Investors should be bearish about investing in Power Co. of Canada for these reasons:

Power Co. of Canada's debt-to-equity ratio is relatively high at 48.53, which may indicate higher financial risk compared to competitors with lower ratios.
The company's PE ratio of 10.08 suggests the stock may be slightly overvalued based on earnings, potentially limiting short-term upside potential.
While the company has a strong net margin of 8.29%, there may be concerns about sustaining profitability in a competitive market environment.
Analysts have issued mixed ratings on the stock, with some recommending a hold, which could reflect uncertainty about future performance.
Market volatility and economic conditions could impact Power Co. of Canada's stock price, leading to potential fluctuations in investment returns.

POW Forecast - Frequently Asked Questions

: According to the research reports of 8 Wall Street equities research analysts, the average twelve-month stock price forecast for Power Co. of Canada is C$47.31, with a high forecast of C$51.00 and a low forecast of C$44.00.
: 8 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Power Co. of Canada in the last year. There are currently 4 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" POW shares.
: According to analysts, Power Co. of Canada's stock has a predicted upside of 1.86% based on their 12-month stock forecasts.
: Power Co. of Canada has been rated by research analysts at BMO Capital Markets, CIBC, National Bankshares, and TD Securities in the past 90 days.
: Analysts like Power Co. of Canada less than other "financial services" companies. The consensus rating score for Power Co. of Canada is 2.50 while the average consensus rating score for "financial services" companies is 2.63. Learn more on how POW compares to other companies.

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This page (TSE:POW) was last updated on 11/21/2024 by MarketBeat.com Staff

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Power Co. of Canada (POW) Stock Forecast & Price Target