Intact Financial’s (IFC) “Outperform” Rating Reiterated at Raymond James

Raymond James restated their outperform rating on shares of Intact Financial (TSE:IFC) in a research report report published on Wednesday, BayStreet.CA reports. The brokerage currently has a C$146.00 price target on the stock. Raymond James also issued estimates for Intact Financial’s Q4 2019 earnings at $2.19 EPS, FY2019 earnings at $6.28 EPS, Q1 2020 earnings at $1.62 EPS, Q2 2020 earnings at $2.33 EPS, Q3 2020 earnings at $1.77 EPS, Q4 2020 earnings at $2.54 EPS, FY2020 earnings at $8.27 EPS and FY2021 earnings at $9.09 EPS.

A number of other brokerages have also recently weighed in on IFC. Keefe, Bruyette & Woods increased their target price on shares of Intact Financial from C$122.00 to C$125.00 in a report on Friday, August 16th. Royal Bank of Canada upped their price target on shares of Intact Financial from C$135.00 to C$138.00 and gave the stock a sector perform rating in a research report on Tuesday, August 27th. National Bank Financial upped their price target on shares of Intact Financial from C$126.00 to C$135.00 and gave the stock a sector perform rating in a research report on Friday, November 1st. TD Securities upped their price target on shares of Intact Financial from C$145.00 to C$150.00 and gave the stock a buy rating in a research report on Wednesday. Finally, CIBC upped their price target on shares of Intact Financial from C$138.00 to C$141.00 in a research report on Wednesday. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company has an average rating of Hold and a consensus price target of C$137.27.

Shares of TSE:IFC opened at C$137.21 on Wednesday. The stock has a market capitalization of $19.23 billion and a price-to-earnings ratio of 26.38. Intact Financial has a 1-year low of C$95.75 and a 1-year high of C$139.99. The company’s fifty day moving average is C$134.15 and its two-hundred day moving average is C$124.76. The company has a debt-to-equity ratio of 32.92, a quick ratio of 0.23 and a current ratio of 0.30.

In related news, Senior Officer Mark Alan Tullis sold 2,100 shares of the stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of C$126.48, for a total value of C$265,608.00. Following the completion of the transaction, the insider now owns 44,448 shares in the company, valued at approximately C$5,621,783.04. Also, Senior Officer Martin Beaulieu sold 4,000 shares of the stock in a transaction dated Thursday, August 22nd. The shares were sold at an average price of C$126.55, for a total transaction of C$506,200.00. Following the completion of the transaction, the insider now owns 17,045 shares of the company’s stock, valued at approximately C$2,157,044.75.

Intact Financial 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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Analyst Recommendations for Intact Financial (TSE:IFC)

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