Intact Financial (IFCZF) Set to Post Earnings on Tuesday

Key Points

• Intact Financial is expected to report earnings after Tuesday’s market close, with analysts projecting quarterly earnings of $2.28 per share on $4.30 billion in revenue.
• Shares opened at $187.54 and were down 0.7%, giving the company a market capitalization of approximately $32.94 billion and a price-to-earnings ratio of 14.95.
• Analyst sentiment is broadly positive, with three Buy ratings and two Hold ratings producing a consensus “Moderate Buy” rating.

Intact Financial (OTCMKTS:IFCZF - Get Free Report) is projected to issue its results after the market closes on Tuesday, November 3rd. Analysts expect Intact Financial to post earnings of $2.28 per share and revenue of $4.30 billion for the quarter.

Intact Financial Trading Down 0.7%

Shares of IFCZF opened at $187.54 on Tuesday. The business's 50 day moving average is $183.22 and its 200 day moving average is $191.19. The company has a market capitalization of $32.94 billion and a PE ratio of 14.95. Intact Financial has a 12-month low of $166.68 and a 12-month high of $226.09.

Analysts Set New Price Targets

Several research firms have weighed in on IFCZF. Canadian Imperial Bank of Commerce restated a "neutral" rating on shares of Intact Financial in a research note on Friday, July 10th. Royal Bank Of Canada reiterated a "sector perform" rating on shares of Intact Financial in a research report on Thursday, July 30th. Barclays reissued an "overweight" rating on shares of Intact Financial in a report on Wednesday, July 29th. TD Securities restated a "buy" rating on shares of Intact Financial in a research report on Wednesday, July 29th. Finally, Scotiabank reaffirmed an "outperform" rating on shares of Intact Financial in a research note on Wednesday, October 7th. Three equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. Based on data from MarketBeat.com, Intact Financial has a consensus rating of "Moderate Buy".

About Intact Financial

Intact Financial Corporation is a Canada-based provider of property and casualty insurance. Through its subsidiaries and operating brands, the company offers personal, commercial and specialty insurance products covering automobiles, homes, businesses, marine risks and other property and liability exposures.

In Canada, Intact serves customers through broker distribution as well as direct-to-consumer brands, including Intact Insurance and belairdirect. Its operations also include BrokerLink, a network of insurance brokerages, and services supporting claims and property restoration.

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