FY2025 EPS Estimates for IGM Financial Increased by Analyst

IGM Financial Inc. (TSE:IGM - Free Report) - Equities research analysts at National Bank Financial lifted their FY2025 EPS estimates for shares of IGM Financial in a report issued on Sunday, February 2nd. National Bank Financial analyst J. Gloyn now expects that the financial services provider will post earnings per share of $4.44 for the year, up from their prior forecast of $4.43. 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 FY2026 earnings at $4.83 EPS.

IGM has been the subject of several other reports. National Bankshares lifted their target price on shares of IGM Financial from C$47.00 to C$50.00 and gave the stock an "outperform" rating in a research note on Wednesday, October 30th. Scotiabank upped their target price on IGM Financial from C$53.00 to C$56.00 in a research note on Friday, November 8th. BMO Capital Markets increased their target price on IGM Financial from C$43.00 to C$47.00 in a research report on Monday, November 11th. TD Securities boosted their target price on shares of IGM Financial from C$46.00 to C$50.00 in a report on Monday, November 11th. Finally, CIBC lifted their price target on shares of IGM Financial from C$47.00 to C$50.00 in a report on Friday, November 8th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of C$49.29.

IGM Financial Price Performance

IGM Financial stock traded down C$0.26 during midday trading on Tuesday, reaching C$44.40. 444,697 shares of the company were exchanged, compared to its average volume of 322,673. The company has a market capitalization of C$10.51 billion, a price-to-earnings ratio of 12.51, a P/E/G ratio of 4.09 and a beta of 1.53. IGM Financial has a 1 year low of C$32.95 and a 1 year high of C$47.96. The company has a debt-to-equity ratio of 35.99, a quick ratio of 0.31 and a current ratio of 2.12. The firm's 50-day simple moving average is C$45.94 and its 200-day simple moving average is C$42.68.

IGM Financial (TSE:IGM - Get Free Report) last released its quarterly earnings results on Thursday, November 7th. The financial services provider reported C$1.01 earnings per share 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 period in the previous year, the company posted $0.89 EPS.

About IGM Financial

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.