Definity Financial (TSE:DFY) Trading 3.6% Higher - What's Next?

Definity Financial Co. (TSE:DFY - Get Free Report) shares traded up 3.6% during trading on Monday . The stock traded as high as C$59.75 and last traded at C$59.22. 135,811 shares traded hands during trading, an increase of 29% from the average session volume of 105,079 shares. The stock had previously closed at C$57.15.

Wall Street Analyst Weigh In

DFY has been the topic of a number of analyst reports. National Bankshares increased their price target 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. Raymond James cut shares of Definity Financial from an "outperform" rating to a "market perform" rating and raised their target price for the company from C$53.00 to C$55.00 in a report on Tuesday, November 12th. Cormark cut shares of Definity Financial from a "moderate buy" rating to a "hold" rating in a report on Wednesday, October 30th. TD Securities raised their price objective on shares of Definity Financial from C$58.00 to C$59.00 and gave the company a "hold" rating in a report on Friday, November 8th. Finally, Scotiabank cut shares of Definity Financial from a "strong-buy" rating to a "hold" rating in a research report on Monday, November 11th. Nine equities 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, Definity Financial presently has an average rating of "Hold" and a consensus target price of C$54.70.

Definity Financial Stock Up 1.4 %

The firm's 50 day simple moving average is C$57.59 and its 200-day simple moving average is C$54.23. The company has a market cap of C$7.12 billion, a price-to-earnings ratio of 18.71, a P/E/G 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 earnings results 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 analysts' expectations of C$1.10 billion. Definity Financial had a return on equity of 13.00% and a net margin of 9.60%. As a group, sell-side 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.