Intact Financial Co. (TSE:IFC) – Analysts at Raymond James Financial decreased their Q3 2016 earnings estimates for Intact Financial in a report issued on Tuesday. Raymond James Financial analyst M. Overvelde now forecasts that the firm will post earnings per share of $1.03 for the quarter, down from their prior estimate of $1.43. Raymond James Financial has a “Market Perform” rating and a $97.00 price target on the stock.
Several other equities analysts have also commented on the company. Scotiabank reaffirmed an “outperform” rating and set a C$100.00 target price on shares of Intact Financial in a report on Wednesday. TD Securities reissued a “hold” rating and issued a C$94.00 price objective on shares of Intact Financial in a report on Monday, July 18th. CIBC decreased their price objective on Intact Financial from C$109.00 to C$98.00 in a report on Thursday, July 28th. Desjardins increased their price objective on Intact Financial from C$90.00 to C$94.00 in a report on Thursday, July 28th. Finally, BMO Capital Markets reissued an “outperform” rating and issued a C$103.00 price objective on shares of Intact Financial in a report on Thursday, July 28th. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Intact Financial currently has a consensus rating of “Buy” and a consensus price target of C$96.00.
Shares of Intact Financial (TSE:IFC) traded down 0.43% during trading on Friday, reaching $93.60. The company had a trading volume of 55,263 shares. The stock has a market capitalization of $12.28 billion and a PE ratio of 22.25. Intact Financial has a 12 month low of $77.49 and a 12 month high of $97.20. The stock’s 50-day moving average price is $94.23 and its 200-day moving average price is $91.79.
About Intact Financial
Intact Financial Corp is a Canada-based holding company, which provides property and casualty (P&C) insurance. The Company operates through P&C insurance operations segment. It offers car, home and business insurance products, including personal auto, personal property, commercial P&C and commercial auto.
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