Intact Financial (TSE:IFC) Stock Price Passes Above 200-Day Moving Average - Time to Sell?

Key Points

• Intact Financial shares crossed above their 200-day moving average, reaching C$277.59 before last trading at C$274.14, compared with a 200-day average of C$268.17.
• Analysts remain broadly positive, with eight Buy ratings and two Holds, an overall “Moderate Buy” consensus, and an average price target of C$331.09—well above the recent share price.
• The insurer reported quarterly EPS of C$4.33 on C$5.94 billion in revenue, with a 15.73% return on equity and 12.04% net margin; analysts expect full-year EPS of about C$16.17.

Shares of Intact Financial Co. (TSE:IFC - Get Free Report) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$268.17 and traded as high as C$277.59. Intact Financial shares last traded at C$274.14, with a volume of 708,004 shares.

Analyst Ratings Changes

A number of research firms have commented on IFC. Jefferies Financial Group boosted their target price on Intact Financial from C$343.00 to C$351.00 and gave the stock a "buy" rating in a research report on Monday, July 27th. Raymond James Financial dropped their price target on Intact Financial from C$310.00 to C$305.00 and set an "outperform" rating for the company in a research report on Wednesday, May 6th. Royal Bank Of Canada lifted their price target on Intact Financial from C$299.00 to C$308.00 and gave the stock a "sector perform" rating in a research note on Thursday, July 30th. TD decreased their price objective on shares of Intact Financial from C$347.00 to C$345.00 and set a "buy" rating on the stock in a research report on Wednesday, July 29th. Finally, Canadian Imperial Bank of Commerce lowered their price objective on shares of Intact Financial from C$314.00 to C$311.00 in a research note on Thursday, July 30th. Eight equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, Intact Financial currently has an average rating of "Moderate Buy" and an average price target of C$331.09.

Intact Financial Price Performance

The company has a debt-to-equity ratio of 23.22, a current ratio of 7.21 and a quick ratio of 0.28. The company has a 50-day moving average price of C$286.77 and a 200-day moving average price of C$268.17. The firm has a market capitalization of C$48.34 billion, a PE ratio of 15.25, a P/E/G ratio of 2.01 and a beta of 0.30.

Intact Financial (TSE:IFC - Get Free Report) last posted its quarterly earnings data on Tuesday, July 28th. The company reported C$4.33 EPS for the quarter. The business had revenue of C$5.94 billion for the quarter. Intact Financial had a return on equity of 15.73% and a net margin of 12.04%. Sell-side analysts forecast that Intact Financial Co. will post 16.1721014 EPS for the current year.

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. 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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