FY2018 Earnings Forecast for Intact Financial Co. Issued By Desjardins (IFC)

Intact Financial Co. (TSE:IFC) – Desjardins lowered their FY2018 EPS estimates for Intact Financial in a research report issued on Thursday, October 18th. Desjardins analyst D. Young now anticipates that the company will earn $5.66 per share for the year, down from their previous forecast of $5.80. Desjardins currently has a “Hold” rating and a $102.00 target price on the stock. Desjardins also issued estimates for Intact Financial’s FY2019 earnings at $7.46 EPS and FY2020 earnings at $8.14 EPS.

Intact Financial (TSE:IFC) last released its quarterly earnings data on Tuesday, July 31st. The company reported C$1.38 EPS for the quarter, beating the Zacks’ consensus estimate of C$1.22 by C$0.16. Intact Financial had a net margin of 8.93% and a return on equity of 13.53%. The business had revenue of C$2.63 billion during the quarter, compared to analysts’ expectations of C$2.53 billion.

A number of other analysts have also recently commented on IFC. National Bank Financial upped their price objective on shares of Intact Financial from C$100.00 to C$103.00 and gave the company a “sector perform” rating in a research report on Wednesday, August 1st. Raymond James upped their price objective on shares of Intact Financial from C$107.00 to C$109.00 and gave the company an “outperform” rating in a research report on Wednesday, August 1st. Barclays lowered their price objective on shares of Intact Financial from C$110.00 to C$106.00 in a research report on Friday, July 20th. CIBC upped their price objective on shares of Intact Financial from C$103.00 to C$110.00 in a research report on Thursday, August 2nd. Finally, Keefe, Bruyette & Woods upped their target price on shares of Intact Financial from C$105.00 to C$110.00 in a research note on Friday, August 3rd. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Intact Financial currently has an average rating of “Buy” and an average target price of C$109.10.

IFC opened at C$100.72 on Friday. Intact Financial has a 12 month low of C$91.65 and a 12 month high of C$109.33.

In related news, insider Lucie Martel sold 1,430 shares of the company’s stock in a transaction on Wednesday, August 15th. The shares were sold at an average price of C$105.14, for a total value of C$150,350.20. Over the last ninety days, insiders sold 1,630 shares of company stock valued at $170,954.

About Intact Financial

Intact Financial Corporation, through its subsidiaries, provides property and casualty insurance products to individuals and businesses in Canada and the United States. It offers personal auto insurance; and insurance for motor homes, recreational vehicles, motorcycles, snowmobiles, and all-terrain vehicles.

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Earnings History and Estimates for Intact Financial (TSE:IFC)

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