Definity Financial (TSE:DFY) Shares Down 0.1% - Here's What Happened

Key Points

• Definity Financial shares were down 0.1% in mid-day trading at C$63.15, with about 209,862 shares traded — roughly a 15% rise versus average volume.
• Analysts' consensus is an average rating of Hold with an average price target of C$79.80; the panel includes three Buys and five Holds, with price targets ranging roughly C$72–C$88.
• Latest quarter showed C$0.99 EPS on C$1.10 billion revenue; the company has a market cap of C$7.57 billion and relatively low liquidity (quick ratio 0.31, current ratio 0.27).

Definity Financial Co. (TSE:DFY - Get Free Report) was down 0.1% during mid-day trading on Monday . The stock traded as low as C$62.93 and last traded at C$63.15. Approximately 209,862 shares traded hands during mid-day trading, an increase of 15% from the average daily volume of 182,940 shares. The stock had previously closed at C$63.24.

Analyst Ratings Changes

Several analysts have recently issued reports on DFY shares. Barclays lifted their target price on shares of Definity Financial from C$80.00 to C$81.00 and gave the company an "equal weight" rating in a research report on Friday, February 13th. Jefferies Financial Group set a C$88.00 target price on shares of Definity Financial and gave the company a "buy" rating in a research report on Wednesday, January 7th. Raymond James Financial dropped their target price on shares of Definity Financial from C$74.00 to C$72.00 and set a "market perform" rating on the stock in a research report on Friday, February 13th. Finally, Scotiabank lifted their target price on shares of Definity Financial from C$65.00 to C$80.00 in a research report on Friday, January 30th. Three equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, Definity Financial currently has an average rating of "Hold" and an average price target of C$79.80.

Definity Financial Stock Down 0.1%

The stock has a market capitalization of C$7.57 billion, a price-to-earnings ratio of 17.99, a price-to-earnings-growth ratio of 2.63 and a beta of 0.07. The business's 50-day moving average is C$66.90 and its two-hundred day moving average is C$69.77. The company has a quick ratio of 0.31, a current ratio of 0.27 and a debt-to-equity ratio of 28.76.

Definity Financial (TSE:DFY - Get Free Report) last posted its quarterly earnings results on Thursday, February 12th. The company reported C$0.99 earnings per share for the quarter. The firm had revenue of C$1.10 billion for the quarter. Definity Financial had a net margin of 8.58% and a return on equity of 11.01%. Equities analysts anticipate that Definity Financial Co. will post 3.1263962 EPS 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.

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