Equities Analysts Issue Forecasts for Intact Financial Co.’s Q2 2021 Earnings (TSE:IFC)

Intact Financial Co. (TSE:IFC) – Equities research analysts at Desjardins issued their Q2 2021 EPS estimates for Intact Financial in a report issued on Thursday, April 29th. Desjardins analyst D. Young expects that the company will earn $2.52 per share for the quarter.

Several other analysts have also recently issued reports on the stock. Raymond James set a C$180.00 price target on shares of Intact Financial and gave the company a “strong-buy” rating in a report on Friday, February 12th. BMO Capital Markets upped their price target on shares of Intact Financial from C$180.00 to C$185.00 in a report on Friday, February 12th. National Bank Financial boosted their target price on shares of Intact Financial from C$192.00 to C$200.00 and gave the company an “outperform” rating in a research note on Wednesday, February 10th. UBS Group boosted their target price on shares of Intact Financial from C$177.00 to C$178.00 in a research note on Thursday, April 8th. Finally, Royal Bank of Canada boosted their target price on shares of Intact Financial from C$183.00 to C$190.00 and gave the company an “outperform” rating in a research note on Friday, February 12th. Four equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of C$182.13.

IFC opened at C$163.89 on Monday. The stock has a market capitalization of C$23.44 billion and a PE ratio of 22.75. The firm’s fifty day moving average price is C$157.99 and its 200 day moving average price is C$149.33. The company has a debt-to-equity ratio of 36.40, a current ratio of 0.62 and a quick ratio of 0.42. Intact Financial has a 12-month low of C$123.78 and a 12-month high of C$165.31.

Intact Financial (TSE:IFC) last posted its quarterly earnings results on Tuesday, February 9th. The company reported C$3.18 earnings per share (EPS) for the quarter, beating the consensus estimate of C$2.38 by C$0.80. The company had revenue of C$3.18 billion during the quarter.

In other news, Senior Officer Lucie Martel sold 600 shares of the company’s stock in a transaction dated Thursday, February 11th. The shares were sold at an average price of C$149.75, for a total transaction of C$89,850.00. Following the completion of the transaction, the insider now owns 3,278 shares in the company, valued at C$490,880.50.

About Intact Financial

Intact Financial Corporation, through its subsidiaries, provides property and casualty insurance products to individuals and businesses in Canada and the United States. It offers personal auto insurance; and insurance for motor homes, recreational vehicles, motorcycles, snowmobiles, and all-terrain vehicles.

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

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