FY2019 EPS Estimates for Intact Financial Co. (IFC) Lifted by Cormark

Intact Financial Co. (TSE:IFC) – Analysts at Cormark boosted their FY2019 EPS estimates for shares of Intact Financial in a research note issued to investors on Tuesday. Cormark analyst M. Grauman now expects that the company will post earnings of $7.79 per share for the year, up from their prior forecast of $7.78.

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Several other analysts have also recently issued reports on IFC. Desjardins upped their price objective on Intact Financial from C$96.00 to C$98.00 in a report on Wednesday, August 2nd. BMO Capital Markets set a C$110.00 price objective on Intact Financial and gave the stock an “outperform” rating in a report on Thursday, August 3rd. Raymond James Financial, Inc. upped their price objective on Intact Financial from C$102.00 to C$104.00 and gave the stock a “market perform” rating in a report on Thursday, August 3rd. TD Securities increased their price target on Intact Financial from C$105.00 to C$110.00 and gave the company a “buy” rating in a report on Thursday, October 12th. Finally, Barclays PLC increased their price target on Intact Financial from C$100.00 to C$109.00 in a report on Friday, October 20th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of C$106.40.

Shares of Intact Financial (TSE IFC) traded up C$0.73 on Wednesday, hitting C$106.38. The stock had a trading volume of 86,494 shares.

In other Intact Financial news, insider Jean-François Desautels sold 1,420 shares of the company’s stock in a transaction on Thursday, August 17th. The stock was sold at an average price of C$99.51, for a total value of C$141,304.20.

Intact Financial Company Profile

Intact Financial Corporation is a holding company, which provides property and casualty (P&C) insurance. The Company operates through P&C insurance operations segment. It offers a range of car, home and business insurance products, including personal auto, personal property, commercial P&C and commercial auto.

Earnings History and Estimates for Intact Financial (TSE:IFC)

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