Research analysts release forecast for Intact Financial Co.’s earnings in the second quarter of 2022 (TSE: IFC)

Intact Financial Co. (TSE: IFC – Get a rating) – National Bank Financial analysts raised their Q2 2022 earnings estimates for Intact Financial in a research note released to investors on Tuesday, May 10. National Bank Financial analyst J. Gloyn now expects the company to earn $2.87 per share for the quarter, up from his previous estimate of $2.81. National Bank Financial currently has an “outperform” rating and a target price of $225.00 for the stock. National Bank Financial also released Intact Financial earnings estimates for Q3 2022 at $2.73 EPS, Q4 2022 earnings at $3.34 EPS and fiscal year 2023 earnings at $11.84. EPS.

A number of other brokerages also weighed in on IFC. National Bankshares raised its price target on Intact Financial from CA$219.00 to CA$225.00 and gave the company an “outperform” rating in a Thursday, Feb. 10 research report. TD Securities raised its target price on Intact Financial from C$190.00 to C$200.00 and gave the company a “buy” rating in a Thursday, Feb. 10 research report. Raymond James raised his price target on Intact Financial from C$199.00 to C$217.00 and gave the stock a “strong” rating in a Thursday, February 10 research report. BMO Capital Markets raised its price target on Intact Financial from C$205.00 to C$215.00 in a Thursday, February 10 research report. Finally, Scotiabank reduced its price target on Intact Financial from C$201.00 to C$200.00 in a Tuesday, April 12 research report. Nine investment analysts gave the stock a buy rating and one gave the company’s stock a strong buy rating. According to data from MarketBeat, Intact Financial currently has a consensus buy quote and a consensus price target of C$208.79.

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IFC shares opened at C$174.93 on Thursday. The company has a debt ratio of 35.11, a quick ratio of 0.43 and a current ratio of 0.70. The stock has a 50-day moving average price of C$182.90 and a 200-day moving average price of C$173.54. The company has a market capitalization of C$30.80 billion and a P/E ratio of 14.11. Intact Financial has a 52-week low of CA$156.61 and a 52-week high of CA$190.48. Intact Financial (TSE: IFC – Get a rating) last released its quarterly results on Tuesday, February 8. The company reported earnings per share (EPS) of C$3.78 for the quarter, beating analyst consensus estimates of C$2.63 by C$1.15. The company posted revenue of C$5.42 billion for the quarter, versus a consensus estimate of C$4.88 billion.

Intact Financial Company Profile (Get a rating)

Intact Financial Corporation, through its subsidiaries, provides property and casualty insurance products to individuals and businesses in Canada, the United States, the United Kingdom, Ireland, the rest of Europe and the Middle -East. It offers personal auto insurance; insurance for motor homes, recreational vehicles, motorcycles, snowmobiles and all-terrain vehicles; personal property insurance, such as the protection of homes and their contents against risks, including fire, theft, vandalism, water damage and other damage, as well as coverage for civil liability; and property coverage for renters, condominium owners, non-owner occupied residences and seasonal residences.

Further reading

Earnings history and estimates for Intact Financial (TSE: IFC)

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