Raymond James Financial Issues Positive Forecast for Definity Financial (TSE:DFY) Stock Price

Definity Financial (TSE:DFY) had its price objective boosted by Raymond James Financial from C$80.00 to C$85.00 in a report issued on Friday morning,BayStreet.CA reports. Raymond James Financial currently has a market perform rating on the stock.

A number of other analysts have also issued reports on DFY. Desjardins cut their price target on shares of Definity Financial from C$75.00 to C$73.00 and set a “hold” rating on the stock in a research note on Monday, April 27th. National Bank Financial raised their price objective on shares of Definity Financial from C$94.00 to C$96.00 and gave the company an “outperform” rating in a research note on Monday, July 27th. Barclays lifted their price objective on shares of Definity Financial from C$78.00 to C$79.00 in a report on Friday, May 8th. Canadian Imperial Bank of Commerce upped their target price on shares of Definity Financial from C$74.00 to C$84.00 in a research note on Tuesday, July 14th. Finally, TD increased their target price on shares of Definity Financial from C$89.00 to C$93.00 and gave the stock a “buy” rating in a report on Friday. Four equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of C$83.40.

Definity Financial Price Performance

DFY stock opened at C$80.03 on Friday. The company has a current ratio of 1.25, a quick ratio of 0.31 and a debt-to-equity ratio of 43.41. The company has a market capitalization of C$9.62 billion, a PE ratio of 24.70, a P/E/G ratio of 2.63 and a beta of -0.05. Definity Financial has a 12-month low of C$61.87 and a 12-month high of C$81.99. The business’s fifty day moving average price is C$74.03 and its 200 day moving average price is C$69.86.

Definity Financial (TSE:DFY) last posted its earnings results on Thursday, July 30th. The company reported C$0.97 earnings per share (EPS) for the quarter. Definity Financial had a return on equity of 9.82% and a net margin of 6.94%.The firm had revenue of C$2.05 billion for the quarter. On average, sell-side analysts anticipate that Definity Financial will post 3.1263962 EPS for the current year.

Insider Buying and Selling

In other Definity Financial news, insider Brigid V. Pelino sold 5,000 shares of the stock in a transaction that occurred on Wednesday, June 10th. The shares were sold at an average price of C$72.00, for a total value of C$360,000.00. Following the transaction, the insider directly owned 74,109 shares in the company, valued at C$5,335,848. This represents a 6.32% decrease in their ownership of the stock. 0.50% of the stock is owned by corporate insiders.

About Definity Financial

Definity Financial Corp is a multi-channel, property, and casualty insurance company. It offers auto, property, liability, and pet insurance products to individual customers.