Definity Financial (TSE:DFY) Stock Price Expected to Rise, TD Analyst Says

Key Points

• TD raised its target on Definity Financial from C$85.00 to C$86.00 and kept a "buy" rating, implying about a 25.3% upside from the company's previous close.
• Analysts are split (four Buy, four Hold) with a consensus of Moderate Buy and an average target of C$79.91; DFY traded at C$68.63, has a market cap of C$8.23B, a P/E of 19.55, and reported C$0.97 EPS on C$1.92B revenue for the quarter.

Definity Financial (TSE:DFY - Get Free Report) had its target price hoisted by equities research analysts at TD from C$85.00 to C$86.00 in a report released on Friday,BayStreet.CA reports. The firm presently has a "buy" rating on the stock. TD's price target would indicate a potential upside of 25.31% from the company's previous close.

Other equities analysts have also recently issued reports about the company. Desjardins cut their price objective on Definity Financial from C$75.00 to C$73.00 and set a "hold" rating for the company in a report on Monday, April 27th. National Bank Financial upped their price objective on shares of Definity Financial from C$93.00 to C$94.00 in a research note on Wednesday, April 29th. Barclays upped their price objective on shares of Definity Financial from C$78.00 to C$79.00 in a research note on Friday. Raymond James Financial cut their price objective on shares of Definity Financial from C$74.00 to C$72.00 and set a "market perform" rating for the company in a research note on Friday, February 13th. Finally, Scotiabank raised their price target on Definity Financial from C$65.00 to C$80.00 in a research report on Friday, January 30th. Four analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of C$79.91.

Definity Financial Price Performance

DFY stock traded up C$3.03 during midday trading on Friday, reaching C$68.63. The company had a trading volume of 178,759 shares, compared to its average volume of 184,140. The company has a debt-to-equity ratio of 28.76, a current ratio of 0.27 and a quick ratio of 0.31. Definity Financial has a 1 year low of C$61.87 and a 1 year high of C$79.95. The company has a market capitalization of C$8.23 billion, a P/E ratio of 19.55, a P/E/G ratio of 2.63 and a beta of 0.04. The firm has a 50-day moving average price of C$66.52 and a 200-day moving average price of C$69.19.

Definity Financial (TSE:DFY - Get Free Report) last posted its quarterly earnings data 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 11.01% and a net margin of 8.58%.The firm had revenue of C$1.92 billion during the quarter. On average, research analysts anticipate that Definity Financial will post 3.1263962 earnings per share for the current fiscal year.

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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