Definity Financial (TSE:DFY) Rating Lowered to "Hold" at Cormark

Definity Financial (TSE:DFY - Get Free Report) was downgraded by stock analysts at Cormark from a "moderate buy" rating to a "hold" rating in a research report issued to clients and investors on Wednesday, Zacks.com reports. Cormark also issued estimates for Definity Financial's FY2025 earnings at $3.25 EPS.

Several other equities research analysts also recently issued reports on DFY. Scotiabank raised their price target on Definity Financial from C$51.00 to C$53.00 in a research report on Friday, September 20th. Desjardins lifted their target price on Definity Financial from C$47.00 to C$52.00 and gave the stock a "hold" rating in a research report on Tuesday, August 6th. Raymond James lifted their target price on Definity Financial from C$55.00 to C$58.00 in a research report on Tuesday, October 22nd. TD Securities lifted their target price on Definity Financial from C$52.00 to C$55.00 in a research report on Friday, September 20th. Finally, National Bankshares lifted their target price on Definity Financial from C$62.00 to C$65.00 and gave the stock an "outperform" rating in a research report on Wednesday. Seven investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of C$53.70.

Definity Financial Stock Performance

Shares of TSE:DFY traded down C$0.70 during midday trading on Wednesday, hitting C$53.73. The company's stock had a trading volume of 96,744 shares, compared to its average volume of 104,930. The stock has a market capitalization of C$6.17 billion, a price-to-earnings ratio of 16.23, a PEG ratio of 2.63 and a beta of 0.04. The stock's 50 day simple moving average is C$52.43 and its 200 day simple moving average is C$47.92. Definity Financial has a fifty-two week low of C$35.48 and a fifty-two week high of C$55.86. The company has a debt-to-equity ratio of 6.38, a quick ratio of 0.31 and a current ratio of 7.68.

Definity Financial (TSE:DFY - Get Free Report) last issued its quarterly earnings results on Thursday, August 1st. The company reported C$0.94 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.66 by C$0.28. The company had revenue of C$1.05 billion for the quarter, compared to the consensus estimate of C$1.07 billion. Definity Financial had a return on equity of 13.00% and a net margin of 9.60%. As a group, research analysts anticipate that Definity Financial 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.