National Bank Financial Equities Analysts Cut Earnings Estimates for Intact Financial Co. (TSE:IFC)
Intact Financial Co. (TSE:IFC) – Equities research analysts at National Bank Financial cut their FY2018 earnings per share (EPS) estimates for Intact Financial in a research note issued on Thursday. National Bank Financial analyst J. Gloyn now expects that the company will earn $6.62 per share for the year, down from their previous estimate of $6.88.
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Several other research analysts have also weighed in on IFC. Keefe, Bruyette & Woods started coverage on shares of Intact Financial in a report on Thursday, April 6th. They set a “market perform” rating and a C$101.00 price objective on the stock. BMO Capital Markets reiterated an “outperform” rating and set a C$104.00 price objective on shares of Intact Financial in a report on Thursday, April 6th. Raymond James Financial, Inc. reiterated a “market perform” rating and set a C$98.00 price objective on shares of Intact Financial in a report on Thursday, April 6th. Scotiabank reiterated an “outperform” rating and set a C$105.00 price objective on shares of Intact Financial in a report on Friday, April 7th. Finally, TD Securities reiterated a “hold” rating and set a C$97.00 price objective on shares of Intact Financial in a report on Friday, April 7th. Six equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of C$100.80.
Shares of Intact Financial (IFC) opened at 96.25 on Monday. The firm has a market capitalization of $12.61 billion and a PE ratio of 24.50. The firm’s 50 day moving average is $94.00 and its 200-day moving average is $94.46. Intact Financial has a 12 month low of $89.75 and a 12 month high of $98.29.
In other Intact Financial news, insider Lucie Martel purchased 3,215 shares of the business’s stock in a transaction that occurred on Friday, May 26th. The shares were purchased at an average price of C$93.42 per share, for a total transaction of C$300,345.30.
About Intact Financial
Intact Financial Corporation is a holding company, which provides property and casualty (P&C) insurance. The Company operates through P&C insurance operations segment. It offers a range of car, home and business insurance products, including personal auto, personal property, commercial P&C and commercial auto.
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