Intact Financial Co. (IFC) to Post Q2 2019 Earnings of $2.13 Per Share, Cormark Forecasts

Intact Financial Co. (TSE:IFC) – Cormark lifted their Q2 2019 earnings per share (EPS) estimates for shares of Intact Financial in a report released on Thursday, May 9th. Cormark analyst M. Grauman now anticipates that the company will post earnings of $2.13 per share for the quarter, up from their prior forecast of $1.99. Cormark also issued estimates for Intact Financial’s Q3 2019 earnings at $1.83 EPS and Q4 2019 earnings at $2.35 EPS.

A number of other brokerages have also issued reports on IFC. Keefe, Bruyette & Woods upped their target price on shares of Intact Financial from C$110.00 to C$112.00 in a research report on Friday, February 8th. Desjardins upped their target price on shares of Intact Financial from C$111.00 to C$112.00 in a research report on Thursday. Royal Bank of Canada upped their target price on shares of Intact Financial from C$120.00 to C$122.00 and gave the stock an “outperform” rating in a research report on Thursday. BMO Capital Markets boosted their price target on shares of Intact Financial from C$119.00 to C$123.00 in a research note on Thursday. Finally, National Bank Financial boosted their price target on shares of Intact Financial from C$109.00 to C$110.00 and gave the stock a “sector perform” rating in a research note on Wednesday, May 8th. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of C$117.20.

Shares of IFC stock opened at C$113.91 on Monday. Intact Financial has a 1 year low of C$91.65 and a 1 year high of C$115.96. The company has a market cap of $15.86 billion and a PE ratio of 23.77. The company has a current ratio of 0.31, a quick ratio of 0.24 and a debt-to-equity ratio of 28.28.

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; and insurance for motor homes, recreational vehicles, motorcycles, snowmobiles, and all-terrain vehicles.

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

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