FY2020 EPS Estimates for Intact Financial Co. (IFC.TO) (TSE:IFC) Increased by Analyst

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Intact Financial Co. (IFC.TO) (TSE:IFC) – Equities researchers at Raymond James boosted their FY2020 EPS estimates for shares of Intact Financial Co. (IFC.TO) in a research report issued on Monday, January 11th. Raymond James analyst S. Boland now anticipates that the company will earn $9.14 per share for the year, up from their prior forecast of $8.61. Raymond James currently has a “Strong-Buy” rating and a $180.00 target price on the stock. Raymond James also issued estimates for Intact Financial Co. (IFC.TO)’s Q4 2020 earnings at $2.39 EPS.

Intact Financial Co. (IFC.TO) (TSE:IFC) last issued its quarterly earnings data on Tuesday, November 3rd. The company reported C$2.78 EPS for the quarter, beating the consensus estimate of C$2.22 by C$0.56. The business had revenue of C$3.13 billion for the quarter, compared to analysts’ expectations of C$2.72 billion.

Several other research firms have also commented on IFC. Desjardins raised shares of Intact Financial Co. (IFC.TO) from a “hold” rating to a “buy” rating in a research report on Wednesday, November 11th. National Bank Financial reiterated an “outperform” rating and issued a C$192.00 target price on shares of Intact Financial Co. (IFC.TO) in a report on Friday, December 4th. TD Securities lifted their target price on shares of Intact Financial Co. (IFC.TO) from C$160.00 to C$170.00 and gave the company a “buy” rating in a report on Friday, December 4th. Royal Bank of Canada lifted their target price on shares of Intact Financial Co. (IFC.TO) from C$163.00 to C$183.00 and gave the company an “outperform” rating in a report on Friday, December 4th. Finally, BMO Capital Markets lifted their target price on shares of Intact Financial Co. (IFC.TO) from C$170.00 to C$180.00 in a report on Friday, December 4th. Five investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of C$174.67.

IFC stock opened at C$142.91 on Thursday. The firm has a market cap of C$20.44 billion and a PE ratio of 22.76. The company has a debt-to-equity ratio of 31.82, a quick ratio of 0.25 and a current ratio of 0.34. The firm’s 50 day moving average price is C$149.44 and its 200-day moving average price is C$143.00. Intact Financial Co. has a one year low of C$0.14 and a one year high of C$157.74.

In other news, Senior Officer Lucie Martel sold 700 shares of the company’s stock in a transaction dated Monday, November 23rd. The shares were sold at an average price of C$147.72, for a total value of C$103,404.00. Following the completion of the sale, the insider now directly owns 3,512 shares of the company’s stock, valued at C$518,792.64.

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 31st. Stockholders of record on Tuesday, December 15th were issued a $0.83 dividend. This represents a $3.32 dividend on an annualized basis and a dividend yield of 2.32%. This is a boost from Intact Financial Co. (IFC.TO)’s previous quarterly dividend of $0.64. The ex-dividend date of this dividend was Monday, December 14th. Intact Financial Co. (IFC.TO)’s dividend payout ratio is presently 51.75%.

Intact Financial Co. (IFC.TO) Company Profile

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 Co. (IFC.TO) (TSE:IFC)

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