Intact Financial (IFC) PT Raised to C$121.00 at Raymond James

Intact Financial (TSE:IFC) had its price objective hoisted by Raymond James from C$119.00 to C$121.00 in a report published on Thursday, reports. They currently have an outperform rating on the stock. Raymond James also issued estimates for Intact Financial’s Q2 2019 earnings at $1.95 EPS, Q3 2019 earnings at $1.63 EPS, Q4 2019 earnings at $2.20 EPS, FY2019 earnings at $6.50 EPS, Q1 2020 earnings at $1.69 EPS, Q2 2020 earnings at $2.21 EPS, Q3 2020 earnings at $1.63 EPS, Q4 2020 earnings at $2.35 EPS and FY2020 earnings at $7.88 EPS.

Other analysts have also issued research reports about the company. National Bank Financial boosted their price target on Intact Financial from C$109.00 to C$110.00 and gave the company a sector perform rating in a report on Wednesday. TD Securities upped their target price on Intact Financial from C$120.00 to C$125.00 and gave the company a buy rating in a research note on Wednesday. Cormark set a C$121.00 target price on Intact Financial in a research note on Thursday, February 7th. Royal Bank of Canada upped their target price on Intact Financial from C$115.00 to C$120.00 and gave the company an outperform rating in a research note on Tuesday, April 9th. Finally, Keefe, Bruyette & Woods upped their target price on Intact Financial from C$110.00 to C$112.00 in a research note on Friday, February 8th. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock presently has an average rating of Buy and an average target price of C$117.20.

TSE:IFC opened at C$113.91 on Thursday. Intact Financial has a 52-week low of C$91.65 and a 52-week high of C$115.96. The company has a debt-to-equity ratio of 28.28, a current ratio of 0.31 and a quick ratio of 0.24. The stock has a market cap of $15.86 billion and a price-to-earnings ratio of 23.77.

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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Analyst Recommendations for Intact Financial (TSE:IFC)

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