Intact Financial Co. (TSE:IFC) Given Consensus Recommendation of "Moderate Buy" by Brokerages

Key Points

• Consensus "Moderate Buy": Nine analysts covering Intact Financial rate the stock a Moderate Buy (6 buy, 2 hold, 1 strong buy) with an average 12‑month price target of C$321.20.
• Valuation and recent results: Shares opened at C$259.10 (52‑week range C$242.87–C$317.35) with a market cap of C$46.01B and P/E of 14.12; the company reported quarterly EPS of C$4.61 on C$5.83B revenue, a 12.9% net margin and 17.1% ROE.

Intact Financial Co. (TSE:IFC - Get Free Report) has been assigned a consensus rating of "Moderate Buy" from the nine research firms that are covering the stock, Marketbeat.com reports. Two analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating on the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is C$321.20.

IFC has been the topic of several research analyst reports. Desjardins dropped their target price on shares of Intact Financial from C$305.00 to C$300.00 and set a "buy" rating on the stock in a research report on Monday, April 27th. Barclays lifted their target price on shares of Intact Financial from C$319.00 to C$322.00 in a research report on Wednesday, April 8th. Raymond James Financial dropped their target price on shares of Intact Financial from C$330.00 to C$310.00 in a research report on Wednesday, February 11th. Jefferies Financial Group boosted their price target on shares of Intact Financial from C$306.00 to C$324.00 in a research report on Monday. Finally, TD Securities boosted their price target on shares of Intact Financial from C$346.00 to C$354.00 and gave the stock a "buy" rating in a research report on Wednesday, February 11th.

Intact Financial Stock Up 0.4%

Shares of TSE IFC opened at C$259.10 on Wednesday. The company's 50-day simple moving average is C$255.12 and its 200-day simple moving average is C$265.91. Intact Financial has a 52-week low of C$242.87 and a 52-week high of C$317.35. The firm has a market cap of C$46.01 billion, a price-to-earnings ratio of 14.12, a price-to-earnings-growth ratio of 2.01 and a beta of 0.33. The company has a quick ratio of 0.28, a current ratio of 6.11 and a debt-to-equity ratio of 25.21.

Intact Financial (TSE:IFC - Get Free Report) last announced its earnings results on Tuesday, May 5th. The company reported C$4.61 earnings per share (EPS) for the quarter. Intact Financial had a net margin of 12.91% and a return on equity of 17.09%. The business had revenue of C$5.83 billion for the quarter. Equities analysts predict that Intact Financial will post 16.1721014 EPS for the current fiscal year.

Intact Financial Company Profile

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. Intact directly manages its investments through subsidiary Intact Investment Management. The vast majority of these invested assets are fixed-income securities.

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