Desjardins Has Negative Estimate for TSE:IFC FY2025 Earnings

Intact Financial Co. (TSE:IFC - Free Report) - Research analysts at Desjardins dropped their FY2025 earnings per share estimates for Intact Financial in a research report issued on Wednesday, April 23rd. Desjardins analyst D. Young now anticipates that the company will post earnings of $16.35 per share for the year, down from their previous estimate of $16.55. Desjardins currently has a "Buy" rating and a $320.00 target price on the stock. The consensus estimate for Intact Financial's current full-year earnings is $16.17 per share.

A number of other equities analysts have also commented on IFC. Cibc World Mkts lowered shares of Intact Financial from a "strong-buy" rating to a "hold" rating in a report on Wednesday, January 29th. UBS Group lifted their target price on Intact Financial from C$275.00 to C$290.00 in a report on Tuesday, February 18th. Scotiabank increased their price target on Intact Financial from C$295.00 to C$298.00 and gave the company an "outperform" rating in a research note on Thursday. BMO Capital Markets lifted their price objective on Intact Financial from C$290.00 to C$315.00 in a research note on Thursday, February 13th. Finally, Jefferies Financial Group increased their target price on shares of Intact Financial from C$201.00 to C$289.00 in a research report on Monday, April 21st. Four equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of C$294.27.

Intact Financial Price Performance

TSE:IFC opened at C$296.91 on Monday. Intact Financial has a one year low of C$218.58 and a one year high of C$300.56. The company has a market cap of C$52.82 billion, a PE ratio of 22.99, a P/E/G ratio of 2.01 and a beta of 0.57. The firm's 50 day simple moving average is C$285.78 and its 200 day simple moving average is C$272.79.

Insider Activity

In related news, Senior Officer Benoit Morissette sold 6,000 shares of the stock in a transaction on Thursday, February 13th. The shares were sold at an average price of C$287.12, for a total transaction of C$1,722,738.00. 0.24% of the stock is currently owned by company insiders.

Intact Financial Company Profile

Intact Financial Corp is a property and casualty insurance company that provides written premiums in Canada. The company distributes insurance under the Intact Insurance brand through a network of brokers and a wholly-owned subsidiary, BrokerLink, and directly to consumers through Belairdirect. Most of the company's direct premiums are written in the personal automotive space.

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