Desjardins Comments on IGM Financial Inc.’s Q3 2017 Earnings (IGM)
IGM Financial Inc. (TSE:IGM) – Equities researchers at Desjardins reduced their Q3 2017 earnings per share estimates for shares of IGM Financial in a research note issued on Thursday. Desjardins analyst G. Ho now expects that the financial services provider will earn $0.80 per share for the quarter, down from their prior forecast of $0.85. Desjardins has a “Buy” rating on the stock. Desjardins also issued estimates for IGM Financial’s Q4 2017 earnings at $0.86 EPS and FY2018 earnings at $3.46 EPS.
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IGM has been the topic of several other research reports. Barclays PLC upped their price target on IGM Financial from C$39.10 to C$41.00 in a research note on Friday. CIBC upped their price target on IGM Financial from C$42.00 to C$44.00 in a research note on Tuesday, May 2nd. Finally, BMO Capital Markets restated a “market perform” rating and issued a C$45.00 price target on shares of IGM Financial in a research note on Friday. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of C$42.19.
IGM Financial (TSE IGM) opened at 42.66 on Monday. The company’s 50 day moving average price is $40.79 and its 200 day moving average price is $40.43. The stock has a market cap of $10.26 billion and a PE ratio of 13.16. IGM Financial has a 12 month low of $34.83 and a 12 month high of $42.87.
IGM Financial Company Profile
IGM Financial Inc operates as a financial services company in Canada. The company operates through Investors Group, Mackenzie, and Corporate and Other segments. It manages and distributes mutual funds and other managed asset products. The company also offers financial planning services, including investment, tax, retirement, education, risk management, and estate planning; strategic investment planning programs; mutual funds; managed asset and multi-manager investment programs; portfolio management programs; and separately managed accounts and fee-based brokerage accounts.
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