Intact Financial Co. (TSE:IFC) Forecasted to Earn Q2 2021 Earnings of $2.55 Per Share

Intact Financial Co. (TSE:IFC) – Investment analysts at National Bank Financial raised their Q2 2021 earnings per share estimates for Intact Financial in a report issued on Wednesday, May 12th. National Bank Financial analyst J. Gloyn now anticipates that the company will post earnings of $2.55 per share for the quarter, up from their prior estimate of $2.48. National Bank Financial currently has a “Outperform” rating and a $200.00 price target on the stock. National Bank Financial also issued estimates for Intact Financial’s Q3 2021 earnings at $2.44 EPS and Q4 2021 earnings at $2.77 EPS.

IFC has been the topic of a number of other research reports. BMO Capital Markets boosted their price objective on shares of Intact Financial from C$185.00 to C$190.00 in a research report on Thursday. Scotiabank boosted their price objective on shares of Intact Financial from C$179.00 to C$184.00 in a research report on Thursday, April 29th. UBS Group boosted their price objective on shares of Intact Financial from C$177.00 to C$178.00 in a research report on Thursday, April 8th. National Bankshares boosted their price objective on shares of Intact Financial from C$200.00 to C$205.00 and gave the stock an “outperform” rating in a research report on Monday, May 10th. Finally, Royal Bank of Canada upped their price target on shares of Intact Financial from C$183.00 to C$190.00 and gave the stock an “outperform” rating in a research report on Friday, February 12th. Five research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of C$185.78.

Shares of IFC stock opened at C$160.44 on Friday. The company’s fifty day simple moving average is C$160.49 and its 200-day simple moving average is C$150.37. The company has a quick ratio of 0.24, a current ratio of 0.32 and a debt-to-equity ratio of 32.15. The firm has a market cap of C$22.95 billion and a PE ratio of 15.97. Intact Financial has a 12 month low of C$123.78 and a 12 month high of C$167.81.

About Intact Financial

Intact Financial Corporation, through its subsidiaries, provides property and casualty insurance products to individuals and businesses in Canada and the United States. 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, such as 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.

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

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