Definity Financial (TSE:DFY) Hits New 12-Month High - What's Next?

Definity Financial Co. (TSE:DFY - Get Free Report)'s stock price hit a new 52-week high on Wednesday . The company traded as high as C$60.95 and last traded at C$60.89, with a volume of 33620 shares traded. The stock had previously closed at C$59.20.

Analyst Upgrades and Downgrades

DFY has been the subject of several research reports. National Bankshares lifted their price target on shares of 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. Raymond James downgraded shares of Definity Financial from an "outperform" rating to a "market perform" rating and boosted their target price for the stock from C$53.00 to C$55.00 in a research report on Tuesday, November 12th. Cormark cut shares of Definity Financial from a "moderate buy" rating to a "hold" rating in a research report on Wednesday, October 30th. Scotiabank downgraded Definity Financial from a "strong-buy" rating to a "hold" rating in a research note on Monday, November 11th. Finally, TD Securities increased 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. Nine research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of C$54.70.

Definity Financial Trading Up 1.4 %

The firm has a fifty day moving average price of C$57.59 and a 200-day moving average price of C$54.23. The company has a market capitalization of C$7.12 billion, a P/E ratio of 18.71, a price-to-earnings-growth ratio of 2.63 and a beta of 0.04. The company has a debt-to-equity ratio of 6.38, a current ratio of 7.68 and a quick ratio of 0.31.

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

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.