Shares of Intact Financial Co. (TSE:IFC) have been given a consensus recommendation of “Buy” by the twelve research firms that are currently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is C$120.92.
IFC has been the subject of a number of recent research reports. Desjardins reaffirmed a “buy” rating on shares of Dream Industrial REIT in a research note on Thursday, May 9th. Raymond James reissued an “average” rating and issued a $4.50 price objective on shares of John Hancock Financial Opprts Fund in a research note on Thursday, May 9th. BMO Capital Markets boosted their target price on goeasy from C$55.00 to C$60.00 in a research report on Thursday, May 9th. National Bank Financial upgraded STEP Energy Services from a “sector perform overweight” rating to an “outperform overweight” rating in a research report on Wednesday, May 8th. Finally, Royal Bank of Canada upped their price objective on Summit Industrial Income REIT from C$11.50 to C$12.50 and gave the company a “sector perform” rating in a report on Thursday, May 9th.
In related news, Senior Officer Joseph D’annunzio sold 1,000 shares of the firm’s stock in a transaction on Friday, June 7th. The stock was sold at an average price of C$118.61, for a total transaction of C$118,610.00. Following the completion of the transaction, the insider now directly owns 4,730 shares of the company’s stock, valued at approximately C$561,025.30.
IFC traded down C$0.20 on Friday, reaching C$125.78. 74,968 shares of the company’s stock were exchanged, compared to its average volume of 262,788. The company’s 50 day simple moving average is C$121.49. The company has a market capitalization of $17.64 billion and a P/E ratio of 24.32. Intact Financial has a twelve month low of C$94.69 and a twelve month high of C$127.27. The company has a current ratio of 0.28, a quick ratio of 0.21 and a debt-to-equity ratio of 32.96.
Intact Financial (TSE:IFC) last released its earnings results on Tuesday, May 7th. The company reported C$0.73 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of C$0.57 by C$0.16. The business had revenue of C$2.66 billion for the quarter, compared to analysts’ expectations of C$2.53 billion. As a group, equities research analysts forecast that Intact Financial will post 8 earnings per share for the current fiscal year.
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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