Cormark Raises 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) - Stock analysts at Cormark lifted their FY2026 EPS estimates for Definity Financial in a report released on Friday, August 1st. Cormark analyst L. Persaud now expects that the company will post earnings per share of $3.94 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.

A number of other brokerages have also recently commented on DFY. Jefferies Financial Group decreased their target price on shares of Definity Financial from C$62.00 to C$58.00 in a research report on Monday, April 21st. TD Securities raised their price objective on shares of Definity Financial from C$80.00 to C$81.00 and gave the company a "hold" rating in a research note on Friday, August 1st. CIBC set a C$80.00 target price on shares of Definity Financial and gave the stock a "neutral" rating in a report on Thursday, June 12th. BMO Capital Markets increased their price target on shares of Definity Financial from C$63.00 to C$64.00 in a research report on Monday, May 12th. Finally, Desjardins upgraded Definity Financial to a "hold" rating in a research note on Wednesday, June 11th. Five analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of C$74.20.

Definity Financial Stock Down 0.5%

TSE:DFY traded down C$0.34 during mid-day trading on Monday, hitting C$73.19. 36,644 shares of the stock traded hands, compared to its average volume of 170,952. The business's 50-day moving average price is C$76.36 and its 200 day moving average price is C$67.44. The company has a market cap of C$8.44 billion, a PE ratio of 15.50, a price-to-earnings-growth ratio of 2.63 and a beta of 0.04. Definity Financial has a 12-month low of C$48.33 and a 12-month 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.