Definity Financial Co. (TSE:DFY) Given Consensus Recommendation of "Moderate Buy" by Analysts

Key Points

• Definity Financial has a “Moderate Buy” consensus rating from eight analysts, with four calling it a hold and four recommending buy. The average 12-month price target is C$80.20.
• Several brokerages recently raised their targets, including Canadian Imperial Bank of Commerce to C$84.00, Jefferies to C$81.00, and TD to C$86.00, while Desjardins trimmed its target to C$73.00.
• The stock opened at C$77.36, near its 12-month high of C$79.92, and the company reported quarterly EPS of C$0.97 on revenue of C$1.92 billion.

Definity Financial Co. (TSE:DFY - Get Free Report) has been given a consensus rating of "Moderate Buy" by the eight brokerages that are covering the firm, MarketBeat.com reports. Four equities research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is C$80.20.

Several research firms have issued reports on DFY. Canadian Imperial Bank of Commerce boosted their price objective on shares of Definity Financial from C$74.00 to C$84.00 in a research note on Tuesday. Jefferies Financial Group raised their target price on shares of Definity Financial from C$76.00 to C$81.00 in a research note on Monday, May 4th. Desjardins reduced their target price on shares of Definity Financial from C$75.00 to C$73.00 and set a "hold" rating on the stock in a report on Monday, April 27th. TD upped their price target on shares of Definity Financial from C$85.00 to C$86.00 and gave the stock a "buy" rating in a research report on Friday, May 8th. Finally, Barclays increased their price target on Definity Financial from C$78.00 to C$79.00 in a report on Friday, May 8th.

Insider Activity

In other news, insider Brigid V. Pelino sold 5,000 shares of the stock in a transaction dated Wednesday, June 10th. The stock was sold at an average price of C$72.00, for a total value of C$360,000.00. Following the completion of the sale, the insider owned 74,109 shares in the company, valued at approximately C$5,335,848. This trade represents a 6.32% decrease in their ownership of the stock. Company insiders own 0.50% of the company's stock.

Definity Financial Stock Performance

Definity Financial stock opened at C$77.36 on Thursday. The stock's 50-day moving average is C$71.23 and its 200-day moving average is C$69.54. The company has a market cap of C$9.30 billion, a price-to-earnings ratio of 23.88, a price-to-earnings-growth ratio of 2.63 and a beta of -0.05. The company has a debt-to-equity ratio of 43.41, a current ratio of 1.25 and a quick ratio of 0.31. Definity Financial has a 12 month low of C$61.87 and a 12 month high of C$79.92.

Definity Financial (TSE:DFY - Get Free Report) last issued its earnings results on Thursday, May 7th. The company reported C$0.97 earnings per share (EPS) for the quarter. Definity Financial had a return on equity of 9.82% and a net margin of 6.94%.The business had revenue of C$1.92 billion during the quarter. Equities analysts anticipate that Definity Financial will post 3.1263962 earnings per share for the current year.

About Definity Financial

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

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.