Definity Financial Co. (TSE:DFY) Given Average Recommendation of “Hold” by Analysts

Shares of Definity Financial Co. (TSE:DFY) have been given an average recommendation of “Hold” by the eight brokerages that are covering the firm, MarketBeat.com reports. Five analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is C$79.80.

Several analysts have recently commented on DFY shares. Barclays lifted their price target on shares of Definity Financial from C$80.00 to C$81.00 and gave the company an “equal weight” rating in a research report on Friday, February 13th. Jefferies Financial Group set a C$88.00 price target on shares of Definity Financial and gave the company a “buy” rating in a research report on Wednesday, January 7th. Raymond James Financial reduced their price target on shares of Definity Financial from C$74.00 to C$72.00 and set a “market perform” rating on the stock in a research report on Friday, February 13th. Finally, Scotiabank lifted their price target on shares of Definity Financial from C$65.00 to C$80.00 in a research report on Friday, January 30th.

Definity Financial Trading Down 0.1%

DFY opened at C$63.15 on Tuesday. The company has a debt-to-equity ratio of 28.76, a current ratio of 0.27 and a quick ratio of 0.31. The company’s 50 day simple moving average is C$66.90 and its two-hundred day simple moving average is C$69.77. Definity Financial has a 1-year low of C$57.93 and a 1-year high of C$79.95. The firm has a market capitalization of C$7.57 billion, a price-to-earnings ratio of 17.99, a price-to-earnings-growth ratio of 2.63 and a beta of 0.07.

Definity Financial (TSE:DFY) last released its earnings results on Thursday, February 12th. The company reported C$0.99 earnings per share for the quarter. The business had revenue of C$1.10 billion for the quarter. Definity Financial had a net margin of 8.58% and a return on equity of 11.01%. Analysts expect that Definity Financial will post 3.1263962 EPS for the current fiscal year.

About Definity Financial

Definity Financial Corp is a multi-channel, property, and casualty insurance company. It offers auto, property, liability, and pet insurance products to individual customers.