TD Securities Increases IGM Financial (TSE:IGM) Price Target to C$42.00

IGM Financial (TSE:IGM) had its target price boosted by equities research analysts at TD Securities from C$41.00 to C$42.00 in a research report issued to clients and investors on Thursday, BayStreet.CA reports. TD Securities’ target price would suggest a potential upside of 22.95% from the stock’s current price.

Other equities research analysts have also recently issued reports about the stock. National Bankshares lifted their price target on shares of IGM Financial from C$44.00 to C$46.00 and gave the company an “outperform” rating in a research report on Monday, February 5th. Royal Bank of Canada lifted their price objective on shares of IGM Financial from C$43.00 to C$44.00 and gave the company a “sector perform” rating in a report on Friday, February 16th. Finally, Scotiabank lifted their price objective on shares of IGM Financial from C$40.00 to C$44.00 and gave the company a “sector perform” rating in a report on Wednesday, January 31st. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, IGM Financial has a consensus rating of “Moderate Buy” and a consensus price target of C$42.33.

IGM Financial Price Performance

Shares of IGM opened at C$34.16 on Thursday. IGM Financial has a 1-year low of C$30.34 and a 1-year high of C$42.02. The stock has a market cap of C$8.13 billion, a PE ratio of 8.80, a P/E/G ratio of 4.24 and a beta of 1.58. The firm has a 50-day simple moving average of C$34.77 and a two-hundred day simple moving average of C$34.48. The company has a debt-to-equity ratio of 38.26, a current ratio of 1.94 and a quick ratio of 0.31.

IGM Financial (TSE:IGM) last announced its quarterly earnings results on Thursday, February 15th. The financial services provider reported C$0.84 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.89 by C($0.05). IGM Financial had a net margin of 31.03% and a return on equity of 14.46%. The company had revenue of C$768.80 million for the quarter, compared to analyst estimates of C$773.00 million. As a group, analysts forecast that IGM Financial will post 3.711039 EPS for the current year.

IGM Financial Company Profile

IGM Financial Inc operates as a wealth and asset management company in Canada. It operates through Wealth Management and Asset Management segments. The Wealth Management segment offers investments that are focused on providing financial planning and related services; and provides mutual fund management and discretionary portfolio management services.