Desjardins Brokers Increase Earnings Estimates for TSE:POW

Power Co. of Canada (TSE:POW) – Equities researchers at Desjardins increased their FY2024 earnings per share (EPS) estimates for Power Co. of Canada in a research note issued to investors on Tuesday, November 12th. Desjardins analyst D. Young now forecasts that the financial services provider will earn $4.72 per share for the year, up from their previous forecast of $4.64. Desjardins has a “Buy” rating and a $44.00 price target 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 FY2026 earnings at $5.35 EPS.

Power Co. of Canada (TSE:POW) last posted its quarterly earnings data on Tuesday, November 12th. The financial services provider reported C$0.82 EPS for the quarter, missing analysts’ consensus estimates of C$1.14 by C($0.32). Power Co. of Canada had a net margin of 8.29% and a return on equity of 11.29%. The firm had revenue of C$5.29 billion during the quarter.

Several other equities research analysts have also commented on the company. TD Securities upped their target price on Power Co. of Canada from C$44.00 to C$49.00 and gave the company a “buy” rating in a research report on Thursday. National Bankshares increased their price target on Power Co. of Canada from C$42.00 to C$47.00 and gave the stock a “sector perform” rating in a report on Wednesday, October 30th. Scotiabank lifted their price objective on shares of Power Co. of Canada from C$47.00 to C$47.50 in a research note on Wednesday, July 24th. Jefferies Financial Group cut their target price on shares of Power Co. of Canada from C$45.00 to C$44.00 in a research note on Friday, August 2nd. Finally, Royal Bank of Canada boosted their target price on Power Co. of Canada from C$46.00 to C$47.00 and gave the company a “sector perform” rating in a research report on Monday, August 12th. Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Power Co. of Canada has an average rating of “Moderate Buy” and a consensus target price of C$46.39.

Power Co. of Canada Stock Performance

Shares of Power Co. of Canada stock opened at C$45.59 on Thursday. The business has a 50-day moving average price of C$43.59 and a two-hundred day moving average price of C$40.54. Power Co. of Canada has a 1-year low of C$35.52 and a 1-year high of C$47.18. The company has a current ratio of 91.78, a quick ratio of 107.64 and a debt-to-equity ratio of 48.53. The company has a market cap of C$27.01 billion, a P/E ratio of 10.38, a PEG ratio of 0.57 and a beta of 1.09.

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.