Trade Report: The Q3 2016 Earnings Estimate for Intact Financial Co. Issued By Raymond James Financial (IFC)

The Q3 2016 Earnings Estimate for Intact Financial Co. Issued By Raymond James Financial (IFC)

Intact Financial Co. (TSE:IFC) – Investment analysts at Raymond James Financial decreased their Q3 2016 earnings per share estimates for shares of Intact Financial in a report issued on Tuesday. Raymond James Financial analyst M. Overvelde now forecasts that the firm will post earnings per share of $1.03 for the quarter, down from their previous estimate of $1.43. Raymond James Financial has a “Market Perform” rating and a $97.00 price objective on the stock.

A number of other research analysts have also recently issued reports on the stock. Scotiabank restated an “outperform” rating and set a C$100.00 price objective on shares of Intact Financial in a report on Wednesday. TD Securities reaffirmed a “hold” rating and issued a C$94.00 price target on shares of Intact Financial in a research note on Monday, July 18th. CIBC cut their price target on shares of Intact Financial from C$109.00 to C$98.00 in a research note on Thursday, July 28th. Desjardins lifted their price target on shares of Intact Financial from C$90.00 to C$94.00 in a research note on Thursday, July 28th. Finally, BMO Capital Markets reaffirmed an “outperform” rating and issued a C$103.00 price target on shares of Intact Financial in a research note on Thursday, July 28th. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of C$96.00.

Intact Financial (TSE:IFC) opened at 93.51 on Friday. The stock’s 50 day moving average is $94.28 and its 200 day moving average is $91.82. Intact Financial has a 52 week low of $77.49 and a 52 week high of $97.20. The firm has a market cap of $12.27 billion and a price-to-earnings ratio of 22.23.

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