TD Securities Upgrades Power Co. of Canada (TSE:POW) to Buy

Power Co. of Canada (TSE:POW) was upgraded by equities research analysts at TD Securities from a “hold” rating to a “buy” rating in a report released on Friday, Marketbeat reports. The brokerage currently has a C$74.00 price objective on the financial services provider’s stock. TD Securities’ target price suggests a potential upside of 14.06% from the stock’s current price.

Several other equities research analysts have also commented on POW. Scotiabank upped their price objective on Power Co. of Canada from C$76.00 to C$78.00 and gave the stock an “outperform” rating in a research report on Thursday, February 19th. National Bank Financial lifted their target price on shares of Power Co. of Canada from C$69.00 to C$77.00 and gave the company a “sector perform” rating in a report on Wednesday, February 4th. Royal Bank Of Canada upgraded shares of Power Co. of Canada from a “hold” rating to a “moderate buy” rating and boosted their target price for the company from C$69.00 to C$73.00 in a research note on Friday. Finally, Desjardins raised their price target on shares of Power Co. of Canada from C$78.00 to C$79.00 and gave the company a “buy” rating in a research report on Tuesday, March 3rd. Four investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of C$75.38.

Power Co. of Canada Stock Performance

Shares of POW stock opened at C$64.88 on Friday. Power Co. of Canada has a 52-week low of C$47.05 and a 52-week high of C$74.91. The company has a quick ratio of 107.64, a current ratio of 3.95 and a debt-to-equity ratio of 84.71. The stock has a market cap of C$41.14 billion, a PE ratio of 13.69, a price-to-earnings-growth ratio of 0.57 and a beta of 0.72. The business has a 50-day simple moving average of C$67.56 and a 200-day simple moving average of C$66.69.

Power Co. of Canada (TSE:POW) last posted its earnings results on Wednesday, March 18th. The financial services provider reported C$1.36 EPS for the quarter. The firm had revenue of C$8.84 billion for the quarter. Power Co. of Canada had a return on equity of 12.83% and a net margin of 9.73%. On average, equities analysts expect that Power Co. of Canada will post 4.9289678 EPS for the current year.

Trending Headlines about Power Co. of Canada

Here are the key news stories impacting Power Co. of Canada this week:

• Positive Sentiment: TD Securities upgraded POW from “hold” to “buy” and raised its target to C$74, signalling stronger conviction from a major dealer. TD Securities Upgrade
• Positive Sentiment: Royal Bank of Canada upgraded POW to “outperform” and lifted its target to C$73, reflecting improved fundamentals or outlook from another large bank. RBC Upgrade
• Positive Sentiment: Jefferies raised its price target on POW to C$73, adding more upward pressure from the sell-side community. Jefferies Price Target Raise
• Positive Sentiment: Canadian Imperial Bank of Commerce increased its target to C$78, the highest among recent revisions, suggesting meaningful upside in analysts’ view. CIBC Price Target Raise
• Positive Sentiment: POW reported quarterly results showing C$1.36 EPS, a 12.8% return on equity and C$8.84B revenue — solid profitability metrics that likely supported the analyst optimism. Earnings Press Release
• Positive Sentiment: The company declared a CAD 0.6675 dividend, reinforcing income appeal for investors and supporting demand for the stock. Dividend Announcement

About Power Co. of Canada

Power Corp. of Canada is a diversified holding company with interests in financial services, communications, and other business sectors through its controlling interests in Power Financial. Power Financial in turn holds controlling interests in Great-West Life (an insurance conglomerate), IGM Financial (Canada’s largest nonbank asset manager), and Pargesa (a holding company with interests in European companies). Power Corp. bought out the remaining shares of Power Financial in February 2020.