FY2026 EPS Forecast for IGM Financial Decreased by Analyst

IGM Financial Inc. (TSE:IGM) – Equities researchers at National Bank Financial dropped their FY2026 earnings per share (EPS) estimates for IGM Financial in a research report issued to clients and investors on Tuesday, April 29th. National Bank Financial analyst J. Gloyn now anticipates that the financial services provider will post earnings of $4.84 per share for the year, down from their prior forecast of $4.85. The consensus estimate for IGM Financial’s current full-year earnings is $4.01 per share.

Several other equities analysts have also weighed in on IGM. Jefferies Financial Group reduced their price objective on IGM Financial from C$47.00 to C$42.00 in a research note on Monday, April 21st. TD Securities lifted their target price on shares of IGM Financial from C$51.00 to C$56.00 and gave the company a “buy” rating in a report on Monday, February 10th. BMO Capital Markets lowered their price target on IGM Financial from C$48.00 to C$47.00 in a report on Thursday, April 17th. Finally, Scotiabank reduced their price objective on IGM Financial from C$56.00 to C$49.00 and set a “sector perform” rating on the stock in a research note on Thursday, April 24th.

IGM Financial Price Performance

IGM opened at C$43.89 on Friday. IGM Financial has a 1 year low of C$35.33 and a 1 year high of C$47.96. The company has a debt-to-equity ratio of 97.24, a quick ratio of 0.31 and a current ratio of 3.61. The company’s 50 day simple moving average is C$43.37 and its 200 day simple moving average is C$44.56. The stock has a market capitalization of C$10.47 billion, a PE ratio of 11.24, a P/E/G ratio of 4.09 and a beta of 1.53.

About IGM Financial

IGM Financial is the largest non-bank-affiliated asset manager in Canada. The firm is part of the Power Financial group of companies, which includes Great-West Life, London Life, Canada Life, and Putnam Investments. IGM has two main operating divisionsasset management (operated through Mackenzie Investments) and wealth management (via its Investors Group Wealth Management and Investment Planning Counsel subsidiaries)that provide investment management products and services.