Q3 2016 EPS Estimates for Intact Financial Co. Lowered by Analyst (IFC)
Intact Financial Co. (TSE:IFC) – Analysts at Desjardins decreased their Q3 2016 EPS estimates for Intact Financial in a research note issued on Tuesday. Desjardins analyst D. Young now expects that the brokerage will post earnings per share of $0.94 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 brokerages have also issued reports on IFC. Scotiabank reaffirmed an “outperform” rating and issued a C$100.00 target price on shares of Intact Financial in a research report on Wednesday. CIBC cut their target price on Intact Financial from C$109.00 to C$98.00 in a research report on Thursday, July 28th. TD Securities upped their target price on Intact Financial from C$94.00 to C$98.00 and gave the company a “hold” rating in a research report on Thursday, July 28th. Raymond James Financial Inc. downgraded Intact Financial from an “outperform” rating to a “market perform” rating and boosted their price target for the company from C$96.00 to C$97.00 in a report on Thursday, July 28th. Finally, BMO Capital Markets reiterated an “outperform” rating and issued a C$103.00 price target on shares of Intact Financial in a report on Thursday, July 28th. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Intact Financial presently has an average rating of “Buy” and an average target price of C$96.00.
Shares of Intact Financial (TSE:IFC) traded down 0.43% during midday trading on Friday, hitting $93.60. The company had a trading volume of 55,263 shares. The company has a market cap of $12.28 billion and a price-to-earnings ratio of 22.25. The stock’s 50-day moving average price is $94.23 and its 200-day moving average price is $91.79. Intact Financial has a 12 month low of $77.49 and a 12 month high of $97.20.
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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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