IGM Financial (IGM) Announces Quarterly Earnings, Misses Estimates By $0.02 EPS
IGM Financial (TSE:IGM) released its earnings data on Friday. The company reported $0.81 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.83 by $0.02, American Banking & Market News reports.
A number of research firms have recently commented on IGM. Analysts at TD Securities downgraded shares of IGM Financial from a “buy” rating to a “hold” rating in a research note on Monday, May 12th. They now have a C$59.00 price target on the stock, down previously from C$62.00. On a related note, analysts at CIBC cut their price target on shares of IGM Financial from C$64.00 to C$63.00 in a research note on Monday, May 12th. Finally, analysts at Canaccord Genuity raised their price target on shares of IGM Financial from C$60.00 to C$61.00 in a research note on Monday, May 12th. They now have a “buy” rating on the stock. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. IGM Financial presently has a consensus rating of “Buy” and a consensus price target of C$58.50.
Shares of IGM Financial (TSE:IGM) opened at 50.12 on Friday. IGM Financial has a 1-year low of $46.34 and a 1-year high of $57.11. The stock has a 50-day moving average of $50.8 and a 200-day moving average of $52.65. The company has a market cap of $12.648 billion and a price-to-earnings ratio of 16.48.
IGM Financial Inc (TSE:IGM) is a Canada-based financial services company.
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