iA Financial (TSE:IAG - Get Free Report) was upgraded by stock analysts at Cibc World Mkts from a "hold" rating to a "strong-buy" rating in a research report issued on Wednesday, Zacks.com reports.
Several other research analysts have also recently weighed in on IAG. TD Securities boosted their price target on iA Financial from C$110.00 to C$114.00 and gave the stock a "buy" rating in a research note on Wednesday, August 7th. National Bank Financial cut shares of iA Financial from a "strong-buy" rating to a "hold" rating in a research note on Thursday, October 24th. CIBC boosted their price objective on shares of iA Financial from C$106.00 to C$120.00 and gave the company an "outperform" rating in a report on Wednesday. Royal Bank of Canada lifted their target price on shares of iA Financial from C$102.00 to C$105.00 and gave the stock a "moderate buy" rating in a research report on Thursday, August 8th. Finally, National Bankshares cut iA Financial from an "outperform" rating to a "sector perform" rating and increased their price target for the company from C$102.00 to C$118.00 in a report on Friday, October 25th. Three investment analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of C$111.00.
View Our Latest Report on iA Financial
iA Financial Trading Up 0.7 %
Shares of TSE IAG traded up C$0.75 during midday trading on Wednesday, hitting C$114.19. 210,877 shares of the company traded hands, compared to its average volume of 281,524. The company has a debt-to-equity ratio of 46.39, a quick ratio of 0.17 and a current ratio of 2.22. iA Financial has a 12-month low of C$80.95 and a 12-month high of C$119.25. The stock has a 50-day moving average price of C$109.49 and a 200 day moving average price of C$95.51. The firm has a market cap of C$10.86 billion, a P/E ratio of 15.19, a P/E/G ratio of 1.26 and a beta of 1.13.
iA Financial (TSE:IAG - Get Free Report) last announced its quarterly earnings data on Tuesday, August 6th. The company reported C$2.75 EPS for the quarter, beating the consensus estimate of C$2.58 by C$0.17. iA Financial had a return on equity of 10.51% and a net margin of 9.02%. The business had revenue of C$1.64 billion during the quarter. As a group, analysts expect that iA Financial will post 11.6187564 earnings per share for the current year.
About iA Financial
(
Get Free Report)
iA Financial Corporation Inc, provides insurance and wealth management services in Canada and the United States. The company operates through Insurance, Canada; Wealth Management; Investment; and US Operations segments. The company provides health, auto, home, and creditor insurance products; replacement insurance products and warranties; extended warranties and other ancillary products for dealer services; specialized products for special markets; and life insurance products and extended warranties relating to dealer services.
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