Definity Financial Co. (TSE:DFY - Free Report) - Equities researchers at Cormark dropped their FY2024 earnings per share estimates for shares of Definity Financial in a research report issued to clients and investors on Thursday, February 6th. Cormark analyst L. Persaud now anticipates that the company will post earnings per share of $2.62 for the year, down from their previous estimate of $2.64. Cormark currently has a "Hold" rating on the stock. The consensus estimate for Definity Financial's current full-year earnings is $3.13 per share. Cormark also issued estimates for Definity Financial's Q4 2024 earnings at $0.89 EPS.
DFY has been the topic of several other reports. TD Securities raised their price target on Definity Financial from C$58.00 to C$59.00 and gave the stock a "hold" rating in a research report on Friday, November 8th. Raymond James lowered Definity Financial from an "outperform" rating to a "market perform" rating and raised their price target for the stock from C$53.00 to C$55.00 in a research report on Tuesday, November 12th. National Bankshares raised their price target on Definity Financial from C$62.00 to C$65.00 and gave the stock an "outperform" rating in a research report on Wednesday, October 30th. Scotiabank lowered Definity Financial from a "strong-buy" rating to a "hold" rating in a research report on Monday, November 11th. Finally, BMO Capital Markets raised their price target on Definity Financial from C$53.00 to C$57.00 in a research report on Monday, November 11th. Nine equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of C$54.70.
Read Our Latest Stock Report on DFY
Definity Financial Price Performance
Shares of TSE DFY traded up C$1.46 during midday trading on Monday, hitting C$63.00. The stock had a trading volume of 178,806 shares, compared to its average volume of 107,599. The company's 50-day simple moving average is C$57.84 and its 200 day simple moving average is C$54.67. The firm has a market cap of C$7.27 billion, a P/E ratio of 13.34, a price-to-earnings-growth ratio of 2.63 and a beta of 0.04. Definity Financial has a fifty-two week low of C$38.12 and a fifty-two week high of C$63.05.
About Definity Financial
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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.
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