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

Key Points

• Intact Financial has a consensus “Moderate Buy” rating from 10 analysts, with eight buy ratings and two holds. The average 12-month price target is C$331.09, well above the reported share price of C$247.09.
• Recent analyst actions were mixed but generally constructive: several firms lowered targets, while RBC raised its target to C$308; ratings ranged from “sector perform” to “overweight” and “buy.”
• For its latest quarter, Intact Financial reported C$4.33 EPS and C$5.94 billion in revenue, 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 research firms that are covering the stock, MarketBeat reports. Two analysts have rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is C$331.09.

Several equities research analysts have recently issued reports on IFC shares. Royal Bank Of Canada increased their price objective on shares of Intact Financial from C$299.00 to C$308.00 and gave the stock a "sector perform" rating in a research report on Thursday, July 30th. TD cut their price objective on shares of Intact Financial from C$347.00 to C$345.00 and set a "buy" rating on the stock in a research report on Wednesday, July 29th. Scotiabank reduced their target price on shares of Intact Financial from C$330.00 to C$325.00 and set a "sector outperform" rating for the company in a research note on Thursday, July 30th. Barclays reduced 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. Finally, Canadian Imperial Bank of Commerce dropped their price target on Intact Financial from C$314.00 to C$311.00 in a research note on Thursday, July 30th.

Intact Financial Price Performance

Shares of IFC opened at C$247.09 on Friday. The company has a debt-to-equity ratio of 23.22, a quick ratio of 0.28 and a current ratio of 7.21. The stock has a 50 day simple moving average of C$266.00 and a 200 day simple moving average of C$268.65. Intact Financial has a 52-week low of C$242.87 and a 52-week high of C$305.52. The firm has a market capitalization of C$43.57 billion, a PE ratio of 13.74, a P/E/G ratio of 2.01 and a beta of 0.26.

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

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