Intact Financial (TSE:IFC) Stock Gets Price Target Trim from Raymond James Financial

Intact Financial (TSE:IFC) had its target price cut by Raymond James Financial from C$335.00 to C$305.00 in a research report released on Friday morning,BayStreet reports. They currently have an outperform rating on the stock.

Several other equities analysts have also weighed in on the stock. RBC Dominion Securities cut their price objective on shares of Intact Financial from C$308.00 to C$285.00 and set a “sector perform” rating on the stock in a report on Thursday. National Bank Financial lifted their target price on shares of Intact Financial from C$372.00 to C$379.00 and gave the stock an “outperform” rating in a report on Monday, July 27th. TD lowered their target price on shares of Intact Financial from C$345.00 to C$303.00 and set a “buy” rating for the company in a report on Wednesday, October 14th. Barclays lowered their target price on shares of Intact Financial from C$352.00 to C$344.00 and set an “overweight” rating for the company in a report on Wednesday, July 29th. Finally, Canadian Imperial Bank of Commerce dropped their target price on shares of Intact Financial from C$314.00 to C$311.00 in a research report on Thursday, July 30th. Nine research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of C$323.08.

Intact Financial Stock Up 0.6%

Shares of TSE IFC opened at C$253.45 on Friday. The firm has a market capitalization of C$44.70 billion, a PE ratio of 14.10, a price-to-earnings-growth ratio of 2.01 and a beta of 0.45. The company has a current ratio of 7.21, a quick ratio of 0.28 and a debt-to-equity ratio of 23.22. Intact Financial has a 1 year low of C$236.92 and a 1 year high of C$305.52. The firm’s 50-day moving average is C$257.99 and its 200-day moving average is C$268.21.

Intact Financial (TSE:IFC) last issued its quarterly earnings results on Tuesday, July 28th. The company reported C$4.33 EPS for the quarter. The company had revenue of C$5.94 billion during the quarter. Intact Financial had a net margin of 12.04% and a return on equity of 15.73%. Equities analysts expect that Intact Financial will post 16.17 EPS for the current year.

Intact Financial Company Profile

Intact Financial Corp is a property and casualty insurance company that provides written premiums in Canada. The company distributes insurance under the Intact Insurance brand through a network of brokers and a wholly-owned subsidiary, BrokerLink, and directly to consumers through Belairdirect. Most of the company’s direct premiums are written in the personal automotive space. Intact directly manages its investments through subsidiary Intact Investment Management. The vast majority of these invested assets are fixed-income securities.