Intact Financial Co. (TSE:IFC) Stock Rated "Moderate Buy" by Sell-Side Analysts

Key Points

• Intact Financial has a “Moderate Buy” consensus rating from 11 analysts, with nine buys and two holds. The average 12-month price target is C$323.08.
• Analyst views remain mixed: National Bank Financial raised its target to C$379 and Jefferies to C$351, while RBC Dominion Securities and Scotia lowered their targets to C$285 and C$315, respectively.
• The stock opened at C$262.73, compared with a 52-week range of C$236.92 to C$305.52. In its latest quarter, Intact reported C$4.33 in EPS and C$5.94 billion in revenue, with a 15.73% return on equity.

Shares of Intact Financial Co. (TSE:IFC - Get Free Report) have earned a consensus rating of "Moderate Buy" from the eleven analysts that are currently covering the company, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation and nine have assigned a buy recommendation to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is C$323.08.

Several analysts have recently weighed in on the company. RBC Dominion Securities decreased their target price on Intact Financial from C$308.00 to C$285.00 and set a "sector perform" rating for the company in a research report on Thursday, October 15th. Jefferies Financial Group upped their price target on shares of Intact Financial from C$343.00 to C$351.00 and gave the stock a "buy" rating in a report on Monday, July 27th. Scotia cut their price target on shares of Intact Financial from C$325.00 to C$315.00 and set a "sector outperform" rating on the stock in a report on Wednesday, October 7th. National Bank Financial raised their price target on shares of Intact Financial from C$372.00 to C$379.00 and gave the stock an "outperform" rating in a research note on Monday, July 27th. Finally, Royal Bank Of Canada lifted 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 report on Thursday, July 30th.

Intact Financial Price Performance

Shares of IFC stock opened at C$262.73 on Wednesday. The stock has a 50 day moving average price of C$256.76 and a 200 day moving average price of C$265.34. Intact Financial has a 52-week low of C$236.92 and a 52-week high of C$305.52. 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 firm has a market capitalization of C$46.33 billion, a P/E ratio of 14.61, a P/E/G ratio of 2.01 and a beta of 0.45.

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 company had revenue of C$5.94 billion for the quarter. As a group, sell-side analysts predict that Intact Financial will post 16.17 earnings per share for the current 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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