IGM Financial Inc. (TSE:IGM - Free Report) - Equities researchers at National Bank Financial raised their FY2024 EPS estimates for shares of IGM Financial in a note issued to investors on Sunday, February 2nd. National Bank Financial analyst J. Gloyn now forecasts that the financial services provider will earn $3.95 per share for the year, up from their prior forecast of $3.93. The consensus estimate for IGM Financial's current full-year earnings is $4.01 per share. National Bank Financial also issued estimates for IGM Financial's Q4 2024 earnings at $1.05 EPS.
IGM Financial (TSE:IGM - Get Free Report) last posted its quarterly earnings data on Thursday, November 7th. The financial services provider reported C$1.01 EPS for the quarter, missing the consensus estimate of C$1.03 by C($0.02). IGM Financial had a return on equity of 12.80% and a net margin of 29.47%. During the same quarter in the prior year, the business posted $0.89 EPS.
Other research analysts have also recently issued research reports about the company. BMO Capital Markets lifted their price objective on IGM Financial from C$43.00 to C$47.00 in a research note on Monday, November 11th. Scotiabank lifted their price target on IGM Financial from C$53.00 to C$56.00 in a research report on Friday, November 8th. National Bankshares increased their price objective on shares of IGM Financial from C$47.00 to C$50.00 and gave the company an "outperform" rating in a research report on Wednesday, October 30th. CIBC raised their price objective on shares of IGM Financial from C$47.00 to C$50.00 in a research note on Friday, November 8th. Finally, TD Securities upped their target price on shares of IGM Financial from C$46.00 to C$50.00 in a research note on Monday, November 11th. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of C$49.29.
Get Our Latest Stock Analysis on IGM
IGM Financial Stock Up 0.2 %
Shares of IGM stock traded up C$0.11 during trading hours on Wednesday, hitting C$44.66. 242,863 shares of the company's stock traded hands, compared to its average volume of 317,980. The company has a quick ratio of 0.31, a current ratio of 2.12 and a debt-to-equity ratio of 35.99. The stock's fifty day simple moving average is C$46.00 and its two-hundred day simple moving average is C$42.64. IGM Financial has a 12-month low of C$32.95 and a 12-month high of C$47.96. The stock has a market cap of C$10.57 billion, a price-to-earnings ratio of 12.58, a PEG ratio of 4.09 and a beta of 1.53.
About IGM Financial
(
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IGM Financial Inc operates as a wealth and asset management company in Canada. It operates through Wealth Management and Asset Management segments. The Wealth Management segment offers investments that are focused on providing financial planning and related services; and provides mutual fund management and discretionary portfolio management services.
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