iA Financial (TSE:IAG) Price Target Raised to C$140.00 at BMO Capital Markets

iA Financial (TSE:IAG) had its price target boosted by investment analysts at BMO Capital Markets from C$126.00 to C$140.00 in a research note issued to investors on Thursday,BayStreet.CA reports. BMO Capital Markets’ price objective would suggest a potential upside of 6.98% from the stock’s previous close.

A number of other brokerages have also recently issued reports on IAG. Cibc World Mkts upgraded iA Financial from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 30th. National Bankshares upped their price target on shares of iA Financial from C$118.00 to C$121.00 in a research report on Wednesday. Cormark lifted their price objective on shares of iA Financial from C$127.00 to C$130.00 in a research report on Wednesday. Scotiabank upped their target price on shares of iA Financial from C$126.00 to C$143.00 in a report on Thursday. Finally, National Bank Financial downgraded shares of iA Financial from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 24th. Four analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, iA Financial presently has an average rating of “Moderate Buy” and a consensus target price of C$128.50.

iA Financial Trading Down 2.1 %

Shares of iA Financial stock traded down C$2.79 during trading hours on Thursday, hitting C$130.86. The company’s stock had a trading volume of 256,433 shares, compared to its average volume of 282,960. The company has a debt-to-equity ratio of 46.39, a current ratio of 2.22 and a quick ratio of 0.17. iA Financial has a 12 month low of C$80.95 and a 12 month high of C$134.29. The stock has a 50 day moving average of C$111.27 and a 200 day moving average of C$96.70. The company has a market capitalization of C$12.45 billion, a PE ratio of 17.52, a price-to-earnings-growth ratio of 1.26 and a beta of 1.13.

iA Financial (TSE:IAG) last posted its quarterly earnings data on Tuesday, August 6th. The company reported C$2.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$2.58 by C$0.17. The business had revenue of C$1.64 billion during the quarter. iA Financial had a return on equity of 10.51% and a net margin of 9.02%. Analysts predict that iA Financial will post 11.6187564 earnings per share for the current year.

iA Financial Company Profile

iA Financial Corporation Inc, provides insurance and wealth management services in Canada and the United States. The company operates through Insurance, Canada; Wealth Management; Investment; and US Operations segments. The company provides health, auto, home, and creditor insurance products; replacement insurance products and warranties; extended warranties and other ancillary products for dealer services; specialized products for special markets; and life insurance products and extended warranties relating to dealer services.