Industrial Alliance (IAG) Announces Quarterly Results
Industrial Alliance (TSE:IAG) released its earnings data on Friday. The company reported $0.83 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.85 by $0.02, Stock Ratings News reports.
On the ratings front, analysts at BMO Capital Markets downgraded shares of Industrial Alliance from an “outperform” rating to a “market perform” rating in a research note on Friday. Five analysts have rated the stock with a hold rating, Industrial Alliance has an average rating of “Hold” and a consensus price target of C$48.60.
Shares of Industrial Alliance (TSE:IAG) traded down 0.78% during mid-day trading on Friday, hitting $44.80. The stock had a trading volume of 134,697 shares. Industrial Alliance has a 52 week low of $35.52 and a 52 week high of $49.99. The stock’s 50-day moving average is $44.7 and its 200-day moving average is $46.04. The company has a market cap of $4.450 billion and a price-to-earnings ratio of 12.54.
Industrial Alliance Insurance and Financial Services Inc (TSE:IAG) is a life and health insurance company.
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