iA Financial Co. Inc. (TSE:IAG) Receives Average Recommendation of “Hold” from Analysts

iA Financial Co. Inc. (TSE:IAG) has received a consensus rating of “Hold” from the nine analysts that are presently covering the stock, MarketBeat.com reports. Nine investment analysts have rated the stock with a hold recommendation. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is C$177.78.

A number of analysts have recently issued reports on IAG shares. TD lowered shares of iA Financial from a “buy” rating to a “hold” rating and lowered their target price for the company from C$193.00 to C$190.00 in a research note on Wednesday, May 6th. National Bank Financial lowered their target price on shares of iA Financial from C$181.00 to C$179.00 and set a “sector perform” rating for the company in a research note on Wednesday, May 6th. BMO Capital Markets decreased their price objective on iA Financial from C$185.00 to C$175.00 in a report on Thursday, February 19th. Scotia decreased their price objective on iA Financial from C$183.00 to C$168.00 and set a “sector perform” rating for the company in a report on Thursday, May 7th. Finally, Desjardins lifted their price objective on iA Financial from C$173.00 to C$174.00 and gave the company a “hold” rating in a report on Friday, April 17th.

iA Financial Stock Down 1.1%

Shares of IAG opened at C$173.83 on Friday. The firm has a market capitalization of C$15.52 billion, a P/E ratio of 16.10, a P/E/G ratio of 1.26 and a beta of 0.92. iA Financial has a 12-month low of C$133.36 and a 12-month high of C$182.99. The company has a current ratio of 0.60, a quick ratio of 0.17 and a debt-to-equity ratio of 18.46. The firm has a fifty day moving average price of C$163.76 and a 200-day moving average price of C$166.42.

iA Financial (TSE:IAG) last issued its earnings results on Tuesday, May 5th. The company reported C$3.25 earnings per share (EPS) for the quarter. The firm had revenue of C$2.74 billion during the quarter. iA Financial had a net margin of 9.87% and a return on equity of 12.80%. Equities research analysts expect that iA Financial will post 11.6187564 earnings per share for the current year.

About iA Financial

iA Financial Group is one of the largest insurance and wealth management groups in Canada, with operations in the United States. Founded in 1892, it is an important Canadian public company and is listed on the Toronto Stock Exchange under the ticker symbol IAG (common shares). To learn more about iA Financial Group, you can sign up for our newsletter on our website at ia.ca. iA Financial Group is a business name and trademark of iA Financial Corporation Inc