Power Financial (PWF) PT Lowered to C$34.00

Power Financial (TSE:PWF) had its price target cut by TD Securities from C$35.00 to C$34.00 in a research note published on Thursday, BayStreet.CA reports.

Other equities analysts have also recently issued research reports about the company. BMO Capital Markets boosted their price objective on Power Financial from C$31.00 to C$33.00 and gave the company a market perform rating in a report on Tuesday, April 16th. CIBC lifted their target price on Power Financial from C$32.50 to C$37.00 in a research report on Thursday, March 21st. Royal Bank of Canada lifted their target price on Power Financial from C$33.00 to C$36.00 and gave the company a sector perform rating in a research report on Tuesday, March 12th. Finally, Desjardins lifted their target price on Power Financial from C$33.00 to C$34.00 in a research report on Tuesday, March 12th.

PWF opened at C$29.87 on Thursday. Power Financial has a 52-week low of C$25.05 and a 52-week high of C$33.27. The company has a debt-to-equity ratio of 46.69, a current ratio of 1.67 and a quick ratio of 0.90. The firm has a market cap of $19.84 billion and a P/E ratio of 9.52.

Power Financial (TSE:PWF) last posted its quarterly earnings data on Wednesday, March 20th. The financial services provider reported C$0.65 earnings per share (EPS) for the quarter. As a group, research analysts forecast that Power Financial will post 3.78999997873597 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, May 1st. Shareholders of record on Friday, March 29th were given a dividend of $0.456 per share. The ex-dividend date of this dividend was Thursday, March 28th. This is a positive change from Power Financial’s previous quarterly dividend of $0.43. This represents a $1.82 dividend on an annualized basis and a yield of 6.11%. Power Financial’s payout ratio is 55.89%.

Power Financial Company Profile

Power Financial Corporation provides financial services in Canada, the United States, Europe, and Asia. It offers life, disability, critical illness, and health insurance products, as well as wealth savings and income products, and specialty products. The company also provides financial products, including employer-sponsored defined contribution plans, individual retirement accounts, enrollment services, communication materials, investment options and education services, fund management services, and investment and advisory services.

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