Definity Financial Co. (TSE:DFY) Receives Average Rating of "Hold" from Brokerages

Shares of Definity Financial Co. (TSE:DFY - Get Free Report) have earned an average rating of "Hold" from the eleven analysts that are currently covering the stock, MarketBeat Ratings reports. Nine analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 12-month price objective among analysts that have covered the stock in the last year is C$54.70.

Several research analysts have recently weighed in on DFY shares. TD Securities lifted their price target on shares of 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. Cormark downgraded Definity Financial from a "moderate buy" rating to a "hold" rating in a research report on Wednesday, October 30th. National Bankshares upped their price target on Definity Financial from C$62.00 to C$65.00 and gave the stock an "outperform" rating in a research report on Wednesday, October 30th. Scotiabank cut Definity Financial from a "strong-buy" rating to a "hold" rating in a research report on Monday, November 11th. Finally, Raymond James lowered shares of Definity Financial from an "outperform" rating to a "market perform" rating and increased their target price for the stock from C$53.00 to C$55.00 in a report on Tuesday, November 12th.

Definity Financial Stock Performance

TSE:DFY traded up C$0.85 on Thursday, hitting C$61.94. The stock had a trading volume of 93,732 shares, compared to its average volume of 105,884. Definity Financial has a 52-week low of C$37.83 and a 52-week high of C$62.00. The stock has a market cap of C$7.12 billion, a price-to-earnings ratio of 18.71, a price-to-earnings-growth ratio of 2.63 and a beta of 0.04. The company has a quick ratio of 0.31, a current ratio of 7.68 and a debt-to-equity ratio of 6.38. The business's 50-day simple moving average is C$57.59 and its two-hundred day simple moving average is C$54.28.

Definity Financial (TSE:DFY - Get Free Report) last posted its quarterly earnings data on Thursday, November 7th. The company reported C$0.13 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of C($0.04) by C$0.17. Definity Financial had a net margin of 9.60% and a return on equity of 13.00%. The company had revenue of C$1.10 billion for the quarter, compared to the consensus estimate of C$1.10 billion. As a group, research analysts predict that Definity Financial will post 3.1263962 earnings per share for the current year.

About Definity Financial

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.