DOWLING & PARTN Comments on TSE:IFC FY2028 Earnings

Intact Financial Co. (TSE:IFC) – Analysts at DOWLING & PARTN issued their FY2028 earnings per share estimates for shares of Intact Financial in a research report issued to clients and investors on Friday, July 31st. DOWLING & PARTN analyst J. Ferguson forecasts that the company will post earnings per share of $20.10 for the year. The consensus estimate for Intact Financial’s current full-year earnings is $16.17 per share.

IFC has been the subject of a number of other reports. Jefferies Financial Group increased their target price on Intact Financial from C$343.00 to C$351.00 and gave the stock a “buy” rating in a research note on Monday, July 27th. Barclays cut their price target on shares of Intact Financial from C$352.00 to C$344.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 29th. Scotiabank reduced their price target on shares of Intact Financial from C$330.00 to C$325.00 and set a “sector outperform” rating for the company in a report on Thursday, July 30th. Raymond James Financial lowered their price objective on shares of Intact Financial from C$310.00 to C$305.00 and set an “outperform” rating for the company in a research report on Wednesday, May 6th. Finally, Canadian Imperial Bank of Commerce dropped their price objective on shares of Intact Financial from C$314.00 to C$311.00 in a report on Thursday, July 30th. Eight research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of C$331.09.

Intact Financial Trading Up 2.9%

TSE IFC opened at C$283.16 on Wednesday. Intact Financial has a one year low of C$242.87 and a one year high of C$305.52. The company has a debt-to-equity ratio of 23.22, a current ratio of 7.21 and a quick ratio of 0.28. The firm has a market cap of C$49.93 billion, a P/E ratio of 15.75, a P/E/G ratio of 2.01 and a beta of 0.29. The stock’s 50-day moving average is C$285.81 and its 200-day moving average is C$267.63.

Intact Financial (TSE:IFC) last posted its earnings results on Tuesday, July 28th. The company reported C$4.33 earnings per share (EPS) for the quarter. Intact Financial had a return on equity of 15.73% and a net margin of 12.04%.The firm had revenue of C$5.94 billion during the quarter.

About Intact Financial

Intact Financial Corp is a property and casualty insurance company that provides written premiums in Canada. The company distributes insurance under the Intact Insurance brand through a network of brokers and a wholly-owned subsidiary, BrokerLink, and directly to consumers through Belairdirect. Most of the company’s direct premiums are written in the personal automotive space. Intact directly manages its investments through subsidiary Intact Investment Management. The vast majority of these invested assets are fixed-income securities.