FY2017 EPS Estimates for Intact Financial Co. Lowered by Analyst (IFC)
Intact Financial Co. (TSE:IFC) – Equities researchers at Cormark reduced their FY2017 earnings estimates for Intact Financial in a research report issued on Tuesday. Cormark analyst M. Grauman now expects that the company will post earnings of $5.86 per share for the year, down from their prior estimate of $5.93. Cormark also issued estimates for Intact Financial’s Q4 2017 earnings at $1.97 EPS, Q4 2018 earnings at $2.15 EPS and FY2018 earnings at $7.38 EPS.
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A number of other brokerages also recently commented on IFC. CIBC downgraded shares of Intact Financial from an “outperform” rating to a “neutral” rating and increased their price target for the company from C$106.00 to C$113.00 in a report on Friday, October 27th. Scotiabank increased their price target on shares of Intact Financial from C$105.00 to C$110.00 and gave the company an “outperform” rating in a report on Tuesday. Barclays PLC increased their price target on shares of Intact Financial from C$100.00 to C$109.00 in a report on Friday, October 20th. TD Securities increased their price target on shares of Intact Financial from C$105.00 to C$110.00 and gave the company a “buy” rating in a report on Thursday, October 12th. Finally, Raymond James Financial, Inc. raised shares of Intact Financial from a “market perform” rating to an “outperform” rating and increased their price target for the company from C$104.00 to C$110.00 in a report on Thursday, October 19th. One research analyst has rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of C$106.40.
In other Intact Financial news, insider Jean-François Desautels sold 1,420 shares of the firm’s stock in a transaction dated Thursday, August 17th. The shares were sold at an average price of C$99.51, for a total value of C$141,304.20.
Intact Financial Company Profile
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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