FY2025 EPS Forecast for Intact Financial Lowered by Analyst

Intact Financial Co. (TSE:IFC - Free Report) - Analysts at Desjardins decreased their FY2025 earnings estimates for shares of Intact Financial in a research note issued on Wednesday, April 23rd. Desjardins analyst D. Young now forecasts that the company will post earnings per share of $16.35 for the year, down from their prior forecast of $16.55. Desjardins currently has a "Buy" rating and a $320.00 target price on the stock. The consensus estimate for Intact Financial's current full-year earnings is $16.17 per share.

A number of other research analysts have also recently weighed in on IFC. BMO Capital Markets raised their price objective on shares of Intact Financial from C$290.00 to C$315.00 in a research note on Thursday, February 13th. Raymond James upped their price objective on shares of Intact Financial from C$290.00 to C$302.00 and gave the company an "outperform" rating in a research note on Thursday, February 13th. National Bankshares boosted their price target on Intact Financial from C$299.00 to C$305.00 and gave the company an "outperform" rating in a report on Wednesday. CIBC lifted their price objective on Intact Financial from C$290.00 to C$300.00 in a research report on Friday, April 25th. Finally, Scotiabank increased their target price on Intact Financial from C$295.00 to C$298.00 and gave the stock an "outperform" rating in a research report on Thursday, April 24th. Four analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of C$295.09.

Intact Financial Stock Up 0.1 %

TSE IFC traded up C$0.25 during mid-day trading on Monday, hitting C$306.42. The stock had a trading volume of 73,048 shares, compared to its average volume of 299,025. The company has a 50 day simple moving average of C$287.24 and a 200 day simple moving average of C$273.57. The company has a market cap of C$54.51 billion, a price-to-earnings ratio of 23.73, a P/E/G ratio of 2.01 and a beta of 0.57. Intact Financial has a 52-week low of C$218.58 and a 52-week high of C$307.10.

Insiders Place Their Bets

In related news, Senior Officer Benoit Morissette sold 6,000 shares of Intact Financial stock in a transaction dated Thursday, February 13th. The stock was sold at an average price of C$287.12, for a total transaction of C$1,722,738.00. 0.24% of the stock is currently owned by insiders.

About Intact Financial

Intact Financial Corp is a property and casualty insurance company that provides written premiums in Canada. The company distributes insurance under the Intact Insurance brand through a network of brokers and a wholly-owned subsidiary, BrokerLink, and directly to consumers through Belairdirect. Most of the company's direct premiums are written in the personal automotive space.