Cormark Decreases Earnings Estimates for Definity Financial

Definity Financial Co. (TSE:DFY - Free Report) - Equities researchers at Cormark dropped their FY2025 earnings per share (EPS) estimates for shares of Definity Financial in a report released on Thursday, February 6th. Cormark analyst L. Persaud now expects that the company will post earnings per share of $3.11 for the year, down from their prior forecast of $3.19. Cormark has a "Hold" rating on the stock. The consensus estimate for Definity Financial's current full-year earnings is $3.13 per share. Cormark also issued estimates for Definity Financial's FY2026 earnings at $3.51 EPS.

A number of other research firms have also recently commented on DFY. National Bankshares raised their target price on Definity Financial from C$62.00 to C$65.00 and gave the company an "outperform" rating in a research report on Wednesday, October 30th. TD Securities boosted their price objective on Definity Financial from C$58.00 to C$59.00 and gave the stock a "hold" rating in a research note on Friday, November 8th. BMO Capital Markets boosted their price objective on Definity Financial from C$53.00 to C$57.00 in a research note on Monday, November 11th. Scotiabank lowered Definity Financial from a "strong-buy" rating to a "hold" rating in a research note on Monday, November 11th. Finally, Raymond James lowered Definity Financial from an "outperform" rating to a "market perform" rating and boosted their price objective for the stock from C$53.00 to C$55.00 in a research note on Tuesday, November 12th. Nine research analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of C$54.70.

Definity Financial Stock Performance

Shares of TSE DFY traded down C$0.21 during trading on Friday, reaching C$60.91. 22,825 shares of the company traded hands, compared to its average volume of 102,445. Definity Financial has a 12-month low of C$37.83 and a 12-month high of C$62.10. The company has a current ratio of 7.68, a quick ratio of 0.31 and a debt-to-equity ratio of 6.38. The stock has a market cap of C$7.00 billion, a P/E ratio of 18.40, a PEG ratio of 2.63 and a beta of 0.04. The firm's fifty day simple moving average is C$57.64 and its 200 day simple moving average is C$54.38.

Definity Financial Company Profile

Definity Financial Corporation, together with its subsidiaries, offers property and casualty insurance products in Canada. It provides personal insurance products, including auto, property, general and umbrella liability, and pet insurance products to individuals under the Economical, Sonnet, Family, Petsecure, and Peppermint brands; and commercial insurance products, which include fleet, commercial auto, property, liability, and specialty insurance products to businesses under the Definity Insurance and Economical brand name.