FY2026 EPS Forecast for IGM Financial Cut by Analyst

IGM Financial Inc. (TSE:IGM - Free Report) - Analysts at National Bank Financial lowered their FY2026 earnings estimates for IGM Financial in a report released on Tuesday, April 29th. National Bank Financial analyst J. Gloyn now expects that the financial services provider will earn $4.84 per share for the year, down from their prior forecast of $4.85. The consensus estimate for IGM Financial's current full-year earnings is $4.01 per share.

IGM has been the subject of a number of other reports. Scotiabank reduced their price objective on shares of IGM Financial from C$56.00 to C$49.00 and set a "sector perform" rating for the company in a research note on Thursday, April 24th. BMO Capital Markets dropped their price objective on IGM Financial from C$48.00 to C$47.00 in a research note on Thursday, April 17th. TD Securities increased their target price on IGM Financial from C$51.00 to C$56.00 and gave the company a "buy" rating in a research note on Monday, February 10th. Finally, Jefferies Financial Group cut their price target on IGM Financial from C$47.00 to C$42.00 in a report on Monday, April 21st.

IGM Financial Stock Down 0.4 %

IGM stock traded down C$0.16 during trading hours on Friday, hitting C$43.73. The company's stock had a trading volume of 101,423 shares, compared to its average volume of 334,845. The company has a market capitalization of C$10.43 billion, a PE ratio of 11.20, a price-to-earnings-growth ratio of 4.09 and a beta of 1.53. The stock has a 50 day moving average price of C$43.35 and a two-hundred day moving average price of C$44.59. The company has a quick ratio of 0.31, a current ratio of 3.61 and a debt-to-equity ratio of 97.24. IGM Financial has a 12 month low of C$35.33 and a 12 month high of C$47.96.

About IGM Financial

IGM Financial is the largest non-bank-affiliated asset manager in Canada. The firm is part of the Power Financial group of companies, which includes Great-West Life, London Life, Canada Life, and Putnam Investments. IGM has two main operating divisionsasset management (operated through Mackenzie Investments) and wealth management (via its Investors Group Wealth Management and Investment Planning Counsel subsidiaries)that provide investment management products and services.