Q3 2022 EPS Estimates for Intact Financial Co. Raised by Raymond James (TSE:IFC)

Intact Financial Co. (TSE:IFCGet Rating) – Analysts at Raymond James lifted their Q3 2022 earnings per share (EPS) estimates for shares of Intact Financial in a report issued on Tuesday, August 2nd. Raymond James analyst S. Boland now anticipates that the company will earn $3.12 per share for the quarter, up from their previous estimate of $2.89. Raymond James currently has a “Strong-Buy” rating and a $229.00 target price on the stock. The consensus estimate for Intact Financial’s current full-year earnings is $12.93 per share. Raymond James also issued estimates for Intact Financial’s FY2022 earnings at $11.89 EPS and Q2 2023 earnings at $3.50 EPS.

Intact Financial (TSE:IFCGet Rating) last released its quarterly earnings results on Thursday, July 28th. The company reported C$7.29 earnings per share for the quarter, topping the consensus estimate of C$2.84 by C$4.45. The firm had revenue of C$5.34 billion for the quarter.

A number of other equities analysts have also commented on the stock. Barclays cut their price objective on shares of Intact Financial from C$212.00 to C$208.00 and set a “na” rating for the company in a research report on Tuesday, July 26th. Royal Bank of Canada raised their price objective on shares of Intact Financial from C$216.00 to C$219.00 and gave the company an “outperform” rating in a research report on Friday, July 29th. Cormark cut their target price on shares of Intact Financial from C$210.00 to C$200.00 in a research report on Tuesday. CIBC raised their price target on Intact Financial from C$210.00 to C$225.00 and gave the company an “outperform” rating in a research report on Thursday, May 12th. Finally, Scotiabank upped their price objective on Intact Financial from C$195.00 to C$210.00 in a report on Tuesday. Eight analysts have rated the stock with a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of C$214.21.

Intact Financial Price Performance

Shares of TSE:IFC opened at C$191.40 on Thursday. The company has a quick ratio of 0.27, a current ratio of 0.44 and a debt-to-equity ratio of 30.85. The firm has a market capitalization of C$33.60 billion and a PE ratio of 13.23. Intact Financial has a twelve month low of C$158.00 and a twelve month high of C$191.56. The company has a 50-day moving average price of C$182.92 and a two-hundred day moving average price of C$181.15.

Intact Financial Company Profile

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Intact Financial Corporation, through its subsidiaries, provides property and casualty insurance products to individuals and businesses in Canada, the United States, the United Kingdom, Ireland, rest of Europe, and the Middle East. 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.

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

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