FY2022 Earnings Estimate for Power Co. of Canada (TSE:POW) Issued By Desjardins

Power Co. of Canada (TSE:POW – Get Rating) – Equities research analysts at Desjardins upped their FY2022 earnings per share estimates for Power Co. of Canada in a research note issued on Wednesday, March 1st. Desjardins analyst D. Young now forecasts that the financial services provider will post earnings per share of $3.23 for the year, up from their previous forecast of $3.13. Desjardins currently has a “Hold” rating on the stock. The consensus estimate for Power Co. of Canada’s current full-year earnings is $3.94 per share. Desjardins also issued estimates for Power Co. of Canada’s Q4 2022 earnings at $0.97 EPS and FY2023 earnings at $4.00 EPS.

A number of other brokerages have also recently commented on POW. TD Securities increased their target price on shares of Power Co. of Canada from C$35.00 to C$38.00 and gave the company a “hold” rating in a research report on Wednesday, February 15th. CIBC boosted their target price on Power Co. of Canada from C$35.00 to C$37.00 in a report on Tuesday, January 24th. BMO Capital Markets cut their price target on Power Co. of Canada from C$37.00 to C$36.00 in a report on Tuesday, November 8th. Scotiabank boosted their price objective on Power Co. of Canada from C$38.50 to C$39.00 in a research note on Wednesday, January 25th. Finally, National Bankshares cut their target price on Power Co. of Canada from C$39.00 to C$38.00 in a research note on Thursday, November 10th. Five equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, Power Co. of Canada currently has a consensus rating of “Hold” and a consensus price target of C$37.43.

Power Co. of Canada Trading Up 0.3 %

Shares of POW stock opened at C$36.99 on Friday. Power Co. of Canada has a fifty-two week low of C$29.76 and a fifty-two week high of C$39.71. The company has a debt-to-equity ratio of 46.06, a quick ratio of 107.64 and a current ratio of 123.81. The stock’s fifty day moving average is C$35.06 and its two-hundred day moving average is C$33.85. The firm has a market capitalization of C$22.65 billion, a P/E ratio of 12.37, a PEG ratio of -3.07 and a beta of 1.06.

Power Co. of Canada Company Profile

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Power Corporation of Canada operates as an international management and holding company in North America, Europe, and Asia. It operates through Lifeco, IGM Financial, and GBL segments. The company offers life, disability, critical illness, accidental death, dismemberment, health and dental protection, and creditor insurance; retirement and investment management; asset management; and reinsurance and retrocession; investment advisory, financial planning, and related services; and fund, protection, and wealth management services.