Intact Financial Co. (TSE:IFC) Given Consensus Rating of “Buy” by Analysts

Intact Financial Co. (TSE:IFCGet Rating) has been assigned a consensus recommendation of “Buy” from the thirteen research firms that are presently covering the firm, MarketBeat.com reports. Eight research analysts have rated the stock with a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month target price among analysts that have covered the stock in the last year is C$208.69.

IFC has been the subject of a number of analyst reports. National Bankshares increased their price target on shares of Intact Financial from C$219.00 to C$225.00 and gave the company an “outperform” rating in a report on Thursday, February 10th. BMO Capital Markets increased their price target on shares of Intact Financial from C$205.00 to C$215.00 in a report on Thursday, February 10th. TD Securities increased their price objective on shares of Intact Financial from C$190.00 to C$200.00 and gave the stock a “buy” rating in a research report on Thursday, February 10th. Raymond James increased their price objective on shares of Intact Financial from C$199.00 to C$217.00 and gave the stock a “strong” rating in a research report on Thursday, February 10th. Finally, Cormark raised their target price on shares of Intact Financial from C$187.00 to C$197.00 and gave the stock a “buy” rating in a research report on Thursday, February 3rd.

Shares of Intact Financial stock opened at C$182.66 on Friday. The company has a fifty day moving average of C$184.29 and a 200 day moving average of C$172.47. Intact Financial has a fifty-two week low of C$156.61 and a fifty-two week high of C$190.48. The company has a market capitalization of C$32.16 billion and a P/E ratio of 14.73. The company has a debt-to-equity ratio of 35.11, a quick ratio of 0.43 and a current ratio of 0.70.

Intact Financial (TSE:IFCGet Rating) last released its quarterly earnings data on Tuesday, February 8th. The company reported C$3.78 EPS for the quarter, beating the consensus estimate of C$2.63 by C$1.15. The company had revenue of C$5.42 billion for the quarter, compared to the consensus estimate of C$4.88 billion. Analysts forecast that Intact Financial will post 12.4 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 31st. Investors of record on Tuesday, March 15th were issued a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a yield of 2.19%. This is a positive change from Intact Financial’s previous quarterly dividend of $0.83. The ex-dividend date was Monday, March 14th. Intact Financial’s dividend payout ratio (DPR) is presently 27.42%.

About Intact Financial (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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Analyst Recommendations for Intact Financial (TSE:IFC)

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