FY2022 EPS Estimates for Intact Financial Co. Increased by Desjardins (TSE:IFC)

Intact Financial Co. (TSE:IFC – Get Rating) – Investment analysts at Desjardins lifted their FY2022 earnings estimates for shares of Intact Financial in a research note issued to investors on Wednesday, May 11th. Desjardins analyst D. Young now anticipates that the company will earn $11.65 per share for the year, up from their prior forecast of $11.30. Desjardins also issued estimates for Intact Financial’s Q4 2022 earnings at $3.00 EPS and FY2023 earnings at $12.85 EPS.

Several other equities analysts also recently issued reports on the stock. TD Securities lifted their price target on shares of Intact Financial from C$205.00 to C$210.00 and gave the company a “buy” rating in a report on Thursday. Royal Bank of Canada boosted their target price on shares of Intact Financial from C$200.00 to C$216.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 9th. Raymond James dropped their target price on shares of Intact Financial from C$217.00 to C$206.00 and set a “strong-buy” rating for the company in a research note on Thursday. Barclays boosted their target price on shares of Intact Financial from C$210.00 to C$212.00 in a research note on Thursday. Finally, National Bank Financial boosted their target price on shares of Intact Financial to C$225.00 and gave the stock an “outperform” rating in a research note on Thursday, February 10th. Nine equities research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, Intact Financial presently has an average rating of “Buy” and a consensus price target of C$211.50.

IFC opened at C$176.64 on Friday. The stock has a market cap of C$31.10 billion and a PE ratio of 14.24. The company has a current ratio of 0.70, a quick ratio of 0.43 and a debt-to-equity ratio of 35.11. Intact Financial has a 1 year low of C$156.61 and a 1 year high of C$190.48. The stock’s 50 day simple moving average is C$182.51 and its 200-day simple moving average is C$173.64.

Intact Financial (TSE:IFC – Get Rating) last issued its quarterly earnings results on Tuesday, February 8th. The company reported C$3.78 EPS for the quarter, topping the consensus estimate of C$2.63 by C$1.15. The business had revenue of C$5.42 billion during the quarter, compared to the consensus estimate of C$4.88 billion.

Intact Financial Company Profile (Get Rating)

Intact Financial Corporation, through its subsidiaries, provides property and casualty insurance products to individuals and businesses in Canada, the United States, the United Kingdom, Ireland, rest of Europe, and the Middle East. It offers personal auto insurance; insurance for motor homes, recreational vehicles, motorcycles, snowmobiles, and all-terrain vehicles; personal property insurance, such as protection for homes and contents from risks, including fire, theft, vandalism, water damage, and other damages, as well as personal liability coverage; and property coverage for tenants, condominium owners, non-owner occupied residences, and seasonal residences.

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