Power Co. of Canada (TSE:POW) Reaches New 52-Week High – Still a Buy?

Power Co. of Canada (TSE:POW)’s share price hit a new 52-week high on Monday . The stock traded as high as C$48.01 and last traded at C$47.59, with a volume of 51156 shares. The stock had previously closed at C$47.85.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. CIBC upgraded shares of Power Co. of Canada from a “neutral” rating to an “outperform” rating and increased their target price for the stock from C$48.00 to C$55.00 in a research report on Friday, February 7th. Cibc World Mkts raised Power Co. of Canada from a “hold” rating to a “strong-buy” rating in a research report on Friday, February 7th. BMO Capital Markets lifted their price objective on Power Co. of Canada from C$42.00 to C$49.00 in a report on Tuesday, November 12th. 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, November 14th. Finally, National Bankshares raised 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 research report on Wednesday, October 30th. Three research analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of C$47.81.

Power Co. of Canada Price Performance

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 company has a market cap of C$27.52 billion, a price-to-earnings ratio of 10.58, a PEG ratio of 0.57 and a beta of 1.09. The business has a fifty day moving average price of C$44.73 and a 200 day moving average price of C$43.30.

Power Co. of Canada (TSE:POW) last issued its earnings results on Tuesday, November 12th. The financial services provider reported C$0.82 EPS for the quarter, missing the consensus estimate of C$1.14 by C($0.32). The business had revenue of C$5.29 billion for the quarter. Power Co. of Canada had a return on equity of 11.29% and a net margin of 8.29%. As a group, research analysts anticipate that Power Co. of Canada will post 4.9289678 earnings per share for the current year.

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.