FY2018 Earnings Forecast for Intact Financial Co. (TSE:IFC) Issued By Desjardins

Intact Financial Co. (TSE:IFC) – Desjardins dropped their FY2018 earnings per share estimates for shares of Intact Financial in a note issued to investors on Thursday, October 18th, Zacks Investment Research reports. Desjardins analyst D. Young now anticipates that the company will post earnings of $5.66 per share for the year, down from their prior estimate of $5.80. Desjardins has a “Hold” rating and a $102.00 price target on the stock. Desjardins also issued estimates for Intact Financial’s FY2019 earnings at $7.46 EPS and FY2020 earnings at $8.14 EPS.

Other research analysts have also recently issued research reports about the stock. Barclays reduced their target price on shares of Intact Financial from C$110.00 to C$106.00 in a report on Friday, July 20th. National Bank Financial increased their target price on shares of Intact Financial from C$100.00 to C$103.00 and gave the stock a “sector perform” rating in a report on Wednesday, August 1st. TD Securities increased their target price on shares of Intact Financial from C$110.00 to C$115.00 and gave the stock a “buy” rating in a report on Wednesday, August 1st. Raymond James increased their target price on shares of Intact Financial from C$107.00 to C$109.00 and gave the stock an “outperform” rating in a report on Wednesday, August 1st. Finally, BMO Capital Markets increased their target price on shares of Intact Financial from C$114.00 to C$117.00 in a report on Thursday, August 2nd. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Intact Financial presently has a consensus rating of “Buy” and an average price target of C$111.40.

Shares of Intact Financial stock traded up C$1.04 on Friday, hitting C$105.04. The company had a trading volume of 278,300 shares, compared to its average volume of 229,160. Intact Financial has a twelve month low of C$91.65 and a twelve month high of C$109.33. The company has a current ratio of 0.31, a quick ratio of 0.24 and a debt-to-equity ratio of 29.06.

In other Intact Financial news, insider Lucie Martel sold 1,430 shares of the company’s stock in a transaction on Wednesday, August 15th. The shares were sold at an average price of C$105.14, for a total transaction of C$150,350.20. Insiders have sold 1,630 shares of company stock worth $170,954 over the last ninety days.

Intact Financial Company Profile

Intact Financial Corporation, through its subsidiaries, provides property and casualty insurance products to individuals and businesses in Canada and the United States. It offers personal auto insurance; and insurance for motor homes, recreational vehicles, motorcycles, snowmobiles, and all-terrain vehicles.

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Earnings History and Estimates for Intact Financial (TSE:IFC)

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