Brokers Set Expectations for Intact Financial Co.’s Q4 2023 Earnings (TSE:IFC)
Intact Financial Co. (TSE:IFC – Free Report) – Investment analysts at Cormark lifted their Q4 2023 earnings per share estimates for Intact Financial in a research report issued to clients and investors on Monday, February 5th. Cormark analyst L. Persaud now forecasts that the company will post earnings of $3.48 per share for the quarter, up from their previous forecast of $3.47. The consensus estimate for Intact Financial’s current full-year earnings is $14.23 per share.
Several other equities analysts have also recently weighed in on IFC. BMO Capital Markets lifted their price target on Intact Financial from C$225.00 to C$230.00 in a research report on Thursday, January 25th. Scotiabank lifted their price target on Intact Financial from C$232.00 to C$252.00 and gave the company an “outperform” rating in a research report on Wednesday, January 31st. Royal Bank of Canada cut Intact Financial from an “outperform” rating to a “sector perform” rating in a research report on Thursday, January 4th. National Bankshares boosted their target price on Intact Financial from C$235.00 to C$240.00 and gave the stock an “outperform” rating in a research report on Monday. Finally, Desjardins boosted their target price on Intact Financial from C$225.00 to C$230.00 and gave the stock a “buy” rating in a research report on Thursday, November 9th. One analyst has rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of C$225.45.
Check Out Our Latest Research Report on IFC
Intact Financial Price Performance
Shares of TSE IFC opened at C$208.96 on Thursday. The stock has a market cap of C$37.26 billion, a PE ratio of 35.48, a price-to-earnings-growth ratio of 2.01 and a beta of 0.54. Intact Financial has a fifty-two week low of C$182.01 and a fifty-two week high of C$214.68. The company has a debt-to-equity ratio of 35.57, a quick ratio of 0.28 and a current ratio of 0.42. The stock has a fifty day moving average of C$205.90 and a 200-day moving average of C$201.22.
Intact Financial (TSE:IFC – Get Free Report) last announced its quarterly earnings results on Tuesday, November 7th. The company reported C$2.10 earnings per share for the quarter, beating the consensus estimate of C$1.51 by C$0.59. The company had revenue of C$6.39 billion during the quarter. Intact Financial had a return on equity of 7.22% and a net margin of 5.54%.
Intact Financial Company Profile
Intact Financial Corporation, through its subsidiaries, provides property and casualty insurance products to individuals and businesses in Canada, the United States, the United Kingdom, and internationally. It offers personal auto insurance; insurance for motor homes, recreational vehicles, motorcycles, snowmobiles, and all-terrain vehicles; personal property insurance, such as protection for homes and contents from risks, including fire, theft, vandalism, water damage, and other damages, as well as personal liability coverage; and property coverage for tenants, condominium owners, non-owner-occupied residences, and seasonal residences, as well as travel insurance.
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