Cormark Increases Earnings Estimates for Definity Financial

Key Points

• Cormark has raised its FY2026 earnings per share estimate for Definity Financial from $3.78 to $3.94, maintaining a "Moderate Buy" rating on the stock.
• Definity Financial currently has a consensus rating of "Hold" and a target price of C$74.20 among six analysts, with recent price target adjustments from several firms.
• The stock opened at C$73.79 and has a market capitalization of C$8.51 billion, with a 52-week trading range between C$47.10 and C$79.95.

Definity Financial Co. (TSE:DFY - Free Report) - Research analysts at Cormark raised their FY2026 earnings per share (EPS) estimates for shares of Definity Financial in a report issued on Friday, August 1st. Cormark analyst L. Persaud now expects that the company will earn $3.94 per share for the year, up from their previous forecast of $3.78. Cormark currently has a "Moderate Buy" rating on the stock. The consensus estimate for Definity Financial's current full-year earnings is $3.13 per share.

Other research analysts also recently issued research reports about the company. BMO Capital Markets raised their price objective on Definity Financial from C$63.00 to C$64.00 in a research note on Monday, May 12th. Desjardins upgraded shares of Definity Financial to a "hold" rating in a research note on Wednesday, June 11th. Raymond James Financial upped their price target on shares of Definity Financial from C$65.00 to C$74.00 and gave the stock a "market perform" rating in a research report on Thursday, June 12th. CIBC set a C$80.00 price objective on shares of Definity Financial and gave the company a "neutral" rating in a research report on Thursday, June 12th. Finally, Royal Bank Of Canada upgraded shares of Definity Financial to a "moderate buy" rating and set a C$87.00 target price on the stock in a research note on Wednesday, June 18th. Six equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, Definity Financial currently has a consensus rating of "Hold" and a consensus target price of C$74.20.

Definity Financial Stock Performance

TSE:DFY opened at C$73.79 on Monday. The stock has a 50-day simple moving average of C$76.24 and a two-hundred day simple moving average of C$67.21. The firm has a market capitalization of C$8.51 billion, a PE ratio of 15.62, a P/E/G ratio of 2.63 and a beta of 0.04. Definity Financial has a 52-week low of C$47.10 and a 52-week high of C$79.95.

Definity Financial Company Profile

Definity Financial Corp is a multi-channel, property, and casualty insurance company. It offers auto, property, liability, and pet insurance products to individual customers.

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