Cormark Weighs in on Intact Financial Co.’s Q1 2018 Earnings (IFC)

Intact Financial Co. (TSE:IFC) – Stock analysts at Cormark issued their Q1 2018 EPS estimates for shares of Intact Financial in a report released on Tuesday. Cormark analyst M. Grauman anticipates that the company will earn $0.95 per share for the quarter. Cormark also issued estimates for Intact Financial’s Q2 2018 earnings at $1.79 EPS, Q3 2018 earnings at $1.71 EPS and Q4 2018 earnings at $1.83 EPS.

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IFC has been the subject of a number of other reports. Keefe, Bruyette & Woods decreased their target price on shares of Intact Financial from C$111.00 to C$108.00 in a research report on Tuesday, March 27th. Scotiabank boosted their target price on shares of Intact Financial from C$107.00 to C$111.00 and gave the company a “sector perform” rating in a research report on Wednesday, January 31st. Barclays boosted their target price on shares of Intact Financial from C$109.00 to C$110.00 in a research report on Tuesday, January 30th. National Bank Financial decreased their target price on shares of Intact Financial from C$112.00 to C$111.00 and set a “sector perform” rating for the company in a research report on Wednesday, February 7th. Finally, TD Securities decreased their target price on shares of Intact Financial from C$120.00 to C$110.00 and set a “buy” rating for the company in a research report on Wednesday, February 7th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of C$108.80.

TSE IFC opened at C$96.81 on Friday. Intact Financial has a 1 year low of C$91.41 and a 1 year high of C$109.33.

Intact Financial (TSE:IFC) last posted its earnings results on Tuesday, February 6th. The company reported C$1.63 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$1.65 by C($0.02). The business had revenue of C$2.58 billion for the quarter, compared to analyst estimates of C$2.37 billion. Intact Financial had a net margin of 8.93% and a return on equity of 13.53%. TRADEMARK VIOLATION WARNING: This piece was posted by WKRB News and is the sole property of of WKRB News. If you are viewing this piece on another site, it was illegally copied and reposted in violation of U.S. & international copyright and trademark laws. The correct version of this piece can be read at https://www.wkrb13.com/2018/04/01/cormark-weighs-in-on-intact-financial-co-s-q1-2018-earnings-ifc.html.

About Intact Financial

Intact Financial Corporation is a holding company, which provides property and casualty (P&C) insurance. The Company operates through P&C insurance operations segment. It offers a range of car, home and business insurance products, including personal auto, personal property, commercial P&C and commercial auto.

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

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