Q2 2017 EPS Estimates for Intact Financial Co. (IFC) Decreased by Analyst
Intact Financial Co. (TSE:IFC) – Research analysts at Cormark reduced their Q2 2017 earnings estimates for shares of Intact Financial in a research note issued to investors on Thursday. Cormark analyst M. Grauman now expects that the company will post earnings per share of $0.97 for the quarter, down from their prior forecast of $1.69. Cormark also issued estimates for Intact Financial’s FY2017 earnings at $5.40 EPS, Q2 2018 earnings at $1.74 EPS and Q3 2018 earnings at $1.72 EPS.
Several other brokerages have also commented on IFC. Scotiabank restated an “outperform” rating and issued a C$105.00 price objective on shares of Intact Financial in a report on Thursday, February 16th. Keefe, Bruyette & Woods began coverage on shares of Intact Financial in a report on Thursday, April 6th. They issued a “market perform” rating and a C$101.00 price objective for the company. Raymond James Financial, Inc. restated a “market perform” rating and issued a C$98.00 price objective on shares of Intact Financial in a report on Thursday, April 6th. BMO Capital Markets restated an “outperform” rating and issued a C$104.00 price objective on shares of Intact Financial in a report on Thursday, April 6th. Finally, TD Securities restated a “hold” rating and issued a C$100.00 price objective on shares of Intact Financial in a report on Friday, January 27th. Five equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of C$100.80.
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Intact Financial (TSE:IFC) opened at 92.94 on Monday. The firm has a market capitalization of $12.17 billion and a P/E ratio of 23.65. The stock has a 50 day moving average price of $93.95 and a 200-day moving average price of $94.18. Intact Financial has a 52 week low of $86.63 and a 52 week high of $97.56.
In other Intact Financial news, Director Yves Brouillette sold 12,500 shares of the firm’s stock in a transaction dated Wednesday, March 15th. The shares were sold at an average price of C$94.47, for a total value of C$1,180,875.00. Also, insider Mark Alan Tullis sold 1,000 shares of the firm’s stock in a transaction dated Thursday, March 2nd. The stock was sold at an average price of C$94.92, for a total transaction of C$94,920.00. Insiders sold 17,238 shares of company stock valued at $1,632,517 over the last 90 days.
About Intact Financial
Intact Financial Corporation is a holding company, which provides property and casualty (P&C) insurance. The Company operates through P&C insurance operations segment. It offers a range of car, home and business insurance products, including personal auto, personal property, commercial P&C and commercial auto.
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