Definity Financial (TSE:DFY) Price Target Increased to C$55.00 by Analysts at Raymond James

Definity Financial (TSE:DFY) had its price target hoisted by Raymond James from C$52.50 to C$55.00 in a report released on Tuesday, BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. Raymond James’ target price would suggest a potential upside of 12.91% from the company’s previous close.

Several other research firms have also commented on DFY. BMO Capital Markets boosted their price target on Definity Financial from C$44.00 to C$48.00 and gave the stock a “market perform” rating in a research report on Monday, May 13th. National Bankshares upped their target price on Definity Financial from C$59.00 to C$60.00 and gave the company an “outperform” rating in a research report on Tuesday, April 30th. TD Securities upped their target price on Definity Financial from C$49.00 to C$52.00 in a research report on Friday. Jefferies Financial Group dropped their price target on Definity Financial from C$44.00 to C$43.00 and set a “hold” rating on the stock in a research report on Monday, May 13th. Finally, Desjardins upped their price target on Definity Financial from C$47.00 to C$52.00 and gave the company a “hold” rating in a research report on Tuesday. Four analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, Definity Financial presently has a consensus rating of “Moderate Buy” and an average price target of C$52.70.

Definity Financial Trading Down 2.2 %

DFY traded down C$1.09 during midday trading on Tuesday, hitting C$48.71. The company’s stock had a trading volume of 94,643 shares, compared to its average volume of 99,581. The company has a current ratio of 5.47, a quick ratio of 0.31 and a debt-to-equity ratio of 8.20. The firm has a market cap of C$5.61 billion and a P/E ratio of 16.08. The firm has a 50-day moving average price of C$44.91 and a two-hundred day moving average price of C$43.98. Definity Financial has a 52-week low of C$35.48 and a 52-week high of C$50.23.

Definity Financial (TSE:DFY) last issued its earnings results on Thursday, May 9th. The company reported C$0.65 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.72 by C($0.07). Definity Financial had a return on equity of 12.27% and a net margin of 8.94%. The firm had revenue of C$991.90 million for the quarter, compared to analysts’ expectations of C$1 billion. On average, research analysts anticipate that Definity Financial will post 2.6896762 earnings per share for the current year.

About Definity Financial

Definity Financial Corporation, together with its subsidiaries, offers property and casualty insurance products in Canada. It provides personal insurance products, including auto, property, general and umbrella liability, and pet insurance products to individuals under the Economical, Sonnet, Family, Petsecure, and Peppermint brands; and commercial insurance products, which include fleet, commercial auto, property, liability, and specialty insurance products to businesses under the Definity Insurance and Economical brand name.