FY2019 EPS Estimates for Intact Financial Co. Increased by Analyst (IFC)

Intact Financial Co. (TSE:IFC) – Equities researchers at Desjardins upped their FY2019 earnings per share (EPS) estimates for shares of Intact Financial in a research report issued on Tuesday, February 5th. Desjardins analyst D. Young now anticipates that the company will earn $7.30 per share for the year, up from their prior forecast of $7.25. Desjardins also issued estimates for Intact Financial’s FY2020 earnings at $8.00 EPS.

A number of other brokerages also recently commented on IFC. BMO Capital Markets lifted their price objective on shares of Intact Financial from C$118.00 to C$119.00 and gave the company an “average” rating in a research report on Thursday. CIBC lifted their price objective on shares of Intact Financial from C$115.00 to C$120.00 in a research report on Thursday. Cormark set a C$121.00 price objective on shares of Intact Financial in a research report on Thursday. National Bank Financial lifted their price objective on shares of Intact Financial from C$106.00 to C$109.00 and gave the company a “sector perform” rating in a research report on Wednesday. Finally, Raymond James lifted their price objective on shares of Intact Financial from C$113.00 to C$117.00 and gave the company an “outperform” rating in a research report on Monday. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Intact Financial has an average rating of “Hold” and an average target price of C$113.55.

Shares of IFC opened at C$110.99 on Friday. Intact Financial has a one year low of C$91.65 and a one year high of C$111.30. The stock has a market capitalization of $15.09 billion and a PE ratio of 23.55. The company has a quick ratio of 0.25, a current ratio of 0.31 and a debt-to-equity ratio of 27.76.

Intact Financial (TSE:IFC) last announced its quarterly earnings data on Tuesday, November 6th. The company reported C$1.62 EPS for the quarter, beating analysts’ consensus estimates of C$1.59 by C$0.03. The firm had revenue of C$2.68 billion during the quarter, compared to the consensus estimate of C$2.55 billion.

Intact Financial Company Profile

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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