Research Analysts Set Expectations for Power Co. of Canada’s FY2019 Earnings (POW)

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Power Co. of Canada (TSE:POW) – Analysts at Desjardins boosted their FY2019 earnings per share (EPS) estimates for Power Co. of Canada in a note issued to investors on Monday, March 11th. Desjardins analyst D. Young now expects that the financial services provider will post earnings per share of $3.47 for the year, up from their prior forecast of $3.46. Desjardins also issued estimates for Power Co. of Canada’s FY2020 earnings at $3.79 EPS.

A number of other brokerages have also commented on POW. Royal Bank of Canada lifted their price objective on Power Co. of Canada from C$31.00 to C$34.00 and gave the stock a “sector perform” rating in a research report on Tuesday. Raymond James lowered their price objective on Power Co. of Canada from C$32.00 to C$31.00 in a research report on Tuesday, January 15th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The company has an average rating of “Hold” and an average target price of C$31.94.

Shares of POW stock opened at C$29.50 on Thursday. The company has a debt-to-equity ratio of 44.59, a current ratio of 92.57 and a quick ratio of 87.30. The stock has a market capitalization of $12.35 billion and a P/E ratio of 10.87. Power Co. of Canada has a 12 month low of C$23.35 and a 12 month high of C$31.00.

About Power Co. of Canada

Power Corporation of Canada operates as a diversified international management and holding company with interests primarily in the financial services, sustainable and renewable energy, asset management, communications, and other business sectors in North America, Europe, and Asia. The company operates through Lifeco, IGM Financial, and Pargesa segments.

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