Desjardins Lifts Earnings Estimates for Power Co. of Canada

Power Co. of Canada (TSE:POW) – Equities researchers at Desjardins increased their FY2024 earnings per share (EPS) estimates for shares of Power Co. of Canada in a note issued to investors on Monday, March 3rd. Desjardins analyst D. Young now forecasts that the financial services provider will post earnings of $4.78 per share for the year, up from their previous estimate of $4.72. Desjardins currently has a “Buy” rating and a $53.00 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 Q4 2024 earnings at $1.65 EPS, FY2025 earnings at $5.25 EPS and FY2026 earnings at $5.70 EPS.

Several other equities research analysts also recently issued reports on POW. Jefferies Financial Group boosted their price objective on Power Co. of Canada from C$52.00 to C$54.00 and gave the company a “buy” rating in a report on Thursday, February 27th. BMO Capital Markets boosted their target price on Power Co. of Canada from C$42.00 to C$49.00 in a research note on Tuesday, November 12th. CIBC raised Power Co. of Canada from a “neutral” rating to an “outperform” rating and boosted their target price for the stock from C$48.00 to C$55.00 in a research note on Friday, February 7th. TD Securities boosted their target price on Power Co. of Canada from C$49.00 to C$53.00 and gave the stock a “buy” rating in a research note on Thursday, February 13th. Finally, Cibc World Mkts raised Power Co. of Canada from a “hold” rating to a “strong-buy” rating in a research note on Friday, February 7th. Three equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Power Co. of Canada has an average rating of “Moderate Buy” and a consensus price target of C$50.69.

Power Co. of Canada Price Performance

POW stock opened at C$50.06 on Wednesday. The stock has a market cap of C$32.00 billion, a P/E ratio of 14.14, a PEG ratio of 0.57 and a beta of 1.09. Power Co. of Canada has a 12-month low of C$35.83 and a 12-month high of C$50.31. The company has a fifty day moving average price of C$45.24.

Power Co. of Canada Company Profile

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.