Cormark Weighs in on Intact Financial Co.’s Q2 2022 Earnings (TSE:IFC)

Intact Financial Co. (TSE:IFCGet Rating) – Research analysts at Cormark upped their Q2 2022 EPS estimates for shares of Intact Financial in a note issued to investors on Thursday, May 12th. Cormark analyst L. Persaud now forecasts that the company will post earnings of $2.91 per share for the quarter, up from their previous forecast of $2.82. Cormark currently has a “Buy” rating and a $197.00 target price on the stock. Cormark also issued estimates for Intact Financial’s Q3 2022 earnings at $3.11 EPS, Q4 2022 earnings at $3.57 EPS, FY2022 earnings at $12.29 EPS, Q1 2023 earnings at $3.16 EPS, Q2 2023 earnings at $3.00 EPS, Q3 2023 earnings at $3.19 EPS, Q4 2023 earnings at $3.42 EPS and FY2023 earnings at $12.77 EPS.

Several other research analysts have also commented on the company. TD Securities raised their price target on Intact Financial from C$205.00 to C$210.00 and gave the stock a “buy” rating in a research report on Thursday. Scotiabank raised their price target on Intact Financial from C$200.00 to C$207.00 in a research report on Thursday. Raymond James lowered their price target on Intact Financial from C$217.00 to C$206.00 and set a “strong-buy” rating for the company in a research report on Thursday. Royal Bank of Canada raised their price target on Intact Financial from C$200.00 to C$216.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 9th. Finally, National Bankshares lifted their target price on Intact Financial from C$225.00 to C$230.00 and gave the company an “outperform” rating in a report on Thursday. Nine investment analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, Intact Financial currently has a consensus rating of “Buy” and a consensus price target of C$211.50.

IFC opened at C$176.03 on Friday. Intact Financial has a 52 week low of C$156.61 and a 52 week high of C$190.48. The business has a fifty day simple moving average of C$182.74 and a 200-day simple moving average of C$173.58. The firm has a market cap of C$31.00 billion and a P/E ratio of 14.19. The company has a quick ratio of 0.43, a current ratio of 0.70 and a debt-to-equity ratio of 35.11.

Intact Financial (TSE:IFCGet Rating) last posted its earnings results on Tuesday, February 8th. The company reported C$3.78 earnings per share (EPS) for the quarter, topping the consensus estimate of C$2.63 by C$1.15. The business had revenue of C$5.42 billion for the quarter, compared to analyst estimates of C$4.88 billion.

Intact Financial Company Profile (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.

Recommended Stories

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

Receive News & Ratings for Intact Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Intact Financial and related companies with MarketBeat.com's FREE daily email newsletter.