Intact Financial (TSE:IFC) Price Target Cut to C$206.00

Intact Financial (TSE:IFCGet Rating) had its price target dropped by equities research analysts at Raymond James from C$217.00 to C$206.00 in a research note issued to investors on Thursday, BayStreet.CA reports. The firm presently has a “strong-buy” rating on the stock. Raymond James’ price objective would suggest a potential upside of 16.36% from the stock’s current price. Raymond James also issued estimates for Intact Financial’s Q3 2022 earnings at $2.89 EPS, Q4 2022 earnings at $3.17 EPS, FY2022 earnings at $11.61 EPS, Q2 2023 earnings at $3.38 EPS, Q3 2023 earnings at $3.24 EPS and Q4 2023 earnings at $3.52 EPS.

IFC has been the subject of several other reports. BMO Capital Markets upped their price objective on Intact Financial from C$205.00 to C$215.00 in a research note on Thursday, February 10th. Scotiabank reduced their price target on Intact Financial from C$201.00 to C$200.00 in a research report on Tuesday, April 12th. Cormark lifted their price objective on Intact Financial from C$187.00 to C$197.00 and gave the company a “buy” rating in a research report on Thursday, February 3rd. UBS Group upped their price target on shares of Intact Financial from C$187.00 to C$190.00 and gave the stock a “strong-buy” rating in a research report on Wednesday, January 12th. Finally, TD Securities upped their target price on shares of Intact Financial from C$205.00 to C$210.00 and gave the stock a “buy” rating in a research report on Thursday. Nine analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of C$209.07.

Shares of TSE IFC traded up C$2.11 during midday trading on Thursday, hitting C$177.04. 80,099 shares of the company’s stock traded hands, compared to its average volume of 405,445. The firm has a fifty day moving average of C$182.90 and a 200 day moving average of C$173.54. Intact Financial has a 1 year low of C$156.61 and a 1 year high of C$190.48. The company has a debt-to-equity ratio of 35.11, a quick ratio of 0.43 and a current ratio of 0.70. The stock has a market capitalization of C$31.17 billion and a price-to-earnings ratio of 14.28.

Intact Financial (TSE:IFCGet Rating) last announced its earnings results on Tuesday, February 8th. The company reported C$3.78 EPS for the quarter, beating analysts’ consensus estimates of C$2.63 by C$1.15. The business had revenue of C$5.42 billion for the quarter, compared to analysts’ expectations of C$4.88 billion. On average, equities analysts anticipate that Intact Financial will post 12.4700011 earnings per share for the current year.

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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