Intact Financial (IFC) Given New C$109.00 Price Target at National Bank Financial

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Intact Financial (TSE:IFC) had its price objective upped by National Bank Financial from C$106.00 to C$109.00 in a report published on Wednesday. They currently have a sector perform rating on the stock. National Bank Financial also issued estimates for Intact Financial’s FY2019 earnings at $6.95 EPS and FY2020 earnings at $7.59 EPS.

Several other equities analysts have also recently weighed in on the company. Raymond James lifted their price objective on Intact Financial from C$113.00 to C$117.00 and gave the company an outperform rating in a report on Monday. Desjardins lifted their price objective on Intact Financial from C$102.00 to C$104.00 in a report on Wednesday, January 23rd. TD Securities lifted their price objective on Intact Financial from C$115.00 to C$120.00 and gave the company a buy rating in a report on Wednesday, November 7th. Royal Bank of Canada dropped their price objective on Intact Financial from C$117.00 to C$115.00 and set an average rating for the company in a report on Tuesday, January 15th. Finally, CIBC lifted their price objective on Intact Financial from C$110.00 to C$115.00 in a report on Wednesday, November 7th. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of Buy and an average price target of C$112.10.

IFC traded down C$0.27 during trading on Wednesday, hitting C$108.16. The stock had a trading volume of 159,744 shares, compared to its average volume of 246,743. The company has a market capitalization of $15.09 billion and a PE ratio of 23.11. Intact Financial has a one year low of C$91.65 and a one year high of C$110.96. The company has a debt-to-equity ratio of 27.76, a current ratio of 0.31 and a quick ratio of 0.25.

Intact Financial (TSE:IFC) last released its quarterly earnings results on Tuesday, November 6th. The company reported C$1.62 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate 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. Equities analysts anticipate that Intact Financial will post 7.35999986514744 earnings per share for the current fiscal year.

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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