FY2022 Earnings Forecast for Intact Financial Co. (TSE:IFC) Issued By National Bank Financial

Intact Financial Co. (TSE:IFC – Get Rating) – Research analysts at National Bank Financial boosted their FY2022 earnings per share (EPS) estimates for shares of Intact Financial in a research note issued to investors on Tuesday, May 10th. National Bank Financial analyst J. Gloyn now expects that the company will post earnings of $11.63 per share for the year, up from their prior forecast of $11.02. National Bank Financial has a “Outperform” rating and a $225.00 price target on the stock.

A number of other research firms have also issued reports on IFC. Cormark increased their target price on Intact Financial from C$187.00 to C$197.00 and gave the company a “buy” rating in a research note on Thursday, February 3rd. TD Securities increased their target price on Intact Financial from C$205.00 to C$210.00 and gave the company a “buy” rating in a research note on Thursday. Royal Bank of Canada increased their target price on Intact Financial from C$200.00 to C$216.00 and gave the company an “outperform” rating in a research note on Wednesday, February 9th. CIBC increased their target price on Intact Financial from C$210.00 to C$225.00 and gave the company an “outperform” rating in a research note on Thursday. Finally, BMO Capital Markets increased their price target on Intact Financial from C$205.00 to C$215.00 in a report on Thursday, February 10th. Nine research 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 has a consensus rating of “Buy” and an average price target of C$211.50.

IFC stock opened at C$176.03 on Friday. 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 has a 1 year low of C$156.61 and a 1 year high of C$190.48. The firm has a market cap of C$31.00 billion and a P/E ratio of 14.19. The stock has a 50-day simple moving average of C$182.74 and a 200-day simple moving average of C$173.58.

Intact Financial (TSE:IFC – Get Rating) last posted its earnings results on Tuesday, February 8th. The company reported C$3.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$2.63 by C$1.15. The company had revenue of C$5.42 billion during 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.

Featured Stories