Intact Financial Co. to Post Q3 2016 Earnings of $0.94 Per Share, Desjardins Forecasts (IFC)
Intact Financial Co. (TSE:IFC) – Desjardins cut their Q3 2016 earnings per share (EPS) estimates for Intact Financial in a research note issued to investors on Tuesday. Desjardins analyst D. Young now expects that the brokerage will earn $0.94 per share for the quarter, down from their prior estimate of $1.64. Desjardins also issued estimates for Intact Financial’s FY2016 earnings at $4.88 EPS.
A number of other research analysts have also weighed in on the company. Scotiabank reaffirmed an “outperform” rating and set a C$100.00 target price on shares of Intact Financial in a report on Wednesday. TD Securities lifted their target price on Intact Financial from C$94.00 to C$98.00 and gave the company a “hold” rating in a report on Thursday, July 28th. Raymond James Financial Inc. lowered Intact Financial from an “outperform” rating to a “market perform” rating and lifted their target price for the company from C$96.00 to C$97.00 in a report on Thursday, July 28th. CIBC reduced their target price on Intact Financial from C$109.00 to C$98.00 in a report on Thursday, July 28th. Finally, BMO Capital Markets reaffirmed an “outperform” rating and set a C$103.00 target price on shares of Intact Financial in a report on Thursday, July 28th. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of C$96.00.
Intact Financial (TSE:IFC) opened at 93.51 on Friday. The company has a 50-day moving average of $94.28 and a 200-day moving average of $91.82. Intact Financial has a one year low of $77.49 and a one year high of $97.20. The company has a market cap of $12.27 billion and a price-to-earnings ratio of 22.23.
About Intact Financial
Intact Financial Corp is a Canada-based holding company, which provides property and casualty (P&C) insurance. The Company operates through P&C insurance operations segment. It offers car, home and business insurance products, including personal auto, personal property, commercial P&C and commercial auto.
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