Intact Financial (TSE:IFC) Reaches New 12-Month Low - What's Next?

Key Points

• Intact Financial reached a new 52-week low, trading as low as C$242.80 and closing near C$243.32, down 1.6% on the day.
• Despite the decline, analysts remain broadly positive: eight rate the stock a Buy and two a Hold, producing a “Moderate Buy” consensus and an average price target of C$331.09.
• Recent quarterly results included C$4.33 in EPS and C$5.94 billion in revenue, alongside a 15.73% return on equity and 12.04% net margin.

Intact Financial Co. (TSE:IFC - Get Free Report) hit a new 52-week low during trading on Monday. The stock traded as low as C$242.80 and last traded at C$243.32, with a volume of 29265 shares. The stock had previously closed at C$247.09.

Wall Street Analysts Forecast Growth

IFC has been the subject of a number of recent research reports. Royal Bank Of Canada increased their price objective on Intact Financial from C$299.00 to C$308.00 and gave the company a "sector perform" rating in a report on Thursday, July 30th. Scotiabank decreased their price target on Intact Financial from C$330.00 to C$325.00 and set a "sector outperform" rating for the company in a research report on Thursday, July 30th. National Bank Financial lifted their target price on Intact Financial from C$372.00 to C$379.00 and gave the company an "outperform" rating in a report on Monday, July 27th. Barclays cut their price target on shares of Intact Financial from C$352.00 to C$344.00 and set an "overweight" rating for the company in a research report on Wednesday, July 29th. Finally, Jefferies Financial Group lifted their price target on Intact Financial from C$343.00 to C$351.00 and gave the company a "buy" rating in a research report on Monday, July 27th. Eight analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of C$331.09.

Intact Financial Trading Down 1.6%

The stock's 50 day moving average is C$266.00 and its 200-day moving average is C$268.72. The company has a market cap of C$42.89 billion, a PE ratio of 13.53, a P/E/G ratio of 2.01 and a beta of 0.26. The company has a quick ratio of 0.28, a current ratio of 7.21 and a debt-to-equity ratio of 23.22.

Intact Financial (TSE:IFC - Get Free Report) last posted its quarterly earnings data on Tuesday, July 28th. The company reported C$4.33 earnings per share (EPS) for the quarter. The company had revenue of C$5.94 billion during the quarter. Intact Financial had a return on equity of 15.73% and a net margin of 12.04%. As a group, sell-side analysts anticipate 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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