Intact Financial Co. (TSE:IFC) Receives Average Rating of "Moderate Buy" from Analysts

Key Points

• Analyst consensus is “Moderate Buy”: Eight of ten analysts recommend buying Intact Financial, while two rate it a hold. The average 12-month price target is C$331.09, above the reported opening price of C$266.05.
• Recent analyst updates were mixed, with price-target changes ranging from C$308 at RBC to C$351 at Jefferies; Barclays, Jefferies, and Scotiabank maintained bullish ratings.
• Intact Financial reported quarterly EPS of C$4.33 on revenue of C$5.94 billion, alongside a 15.73% return on equity and a 12.04% net margin.

Shares of Intact Financial Co. (TSE:IFC - Get Free Report) have earned a consensus rating of "Moderate Buy" from the ten ratings firms that are covering the company, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is C$331.09.

A number of research analysts recently commented on the stock. Royal Bank Of Canada boosted their price objective on shares of Intact Financial from C$299.00 to C$308.00 and gave the company a "sector perform" rating in a research report on Thursday, July 30th. Canadian Imperial Bank of Commerce cut their target price on shares of Intact Financial from C$314.00 to C$311.00 in a research report on Thursday, July 30th. Barclays decreased 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 research note on Wednesday, July 29th. Jefferies Financial Group boosted their price target on shares of Intact Financial from C$343.00 to C$351.00 and gave the company a "buy" rating in a report on Monday, July 27th. Finally, Scotiabank dropped their price target on shares of Intact Financial from C$330.00 to C$325.00 and set a "sector outperform" rating on the stock in a research note on Thursday, July 30th.

Intact Financial Stock Performance

Shares of IFC stock opened at C$266.05 on Tuesday. The company has a market capitalization of C$46.92 billion, a price-to-earnings ratio of 14.80, a P/E/G ratio of 2.01 and a beta of 0.26. Intact Financial has a 1-year low of C$242.87 and a 1-year high of C$305.52. The company has a current ratio of 7.21, a quick ratio of 0.28 and a debt-to-equity ratio of 23.22. The stock's fifty day simple moving average is C$281.72 and its 200-day simple moving average is C$269.35.

Intact Financial (TSE:IFC - Get Free Report) last announced its quarterly earnings data on Tuesday, July 28th. The company reported C$4.33 EPS for the quarter. Intact Financial had a return on equity of 15.73% and a net margin of 12.04%.The firm had revenue of C$5.94 billion during the quarter. On average, sell-side analysts predict that Intact Financial will post 16.1721014 earnings per share for the current fiscal year.

About Intact Financial

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.

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