National Bank Financial Downgrades iA Financial (TSE:IAG) to Hold

iA Financial (TSE:IAG) was downgraded by equities research analysts at National Bank Financial from a “strong-buy” rating to a “hold” rating in a research note issued to investors on Thursday, Zacks.com reports.

A number of other brokerages have also recently commented on IAG. BMO Capital Markets increased their price target on shares of iA Financial from C$102.00 to C$111.00 in a research report on Thursday, August 8th. CIBC lifted their target price on shares of iA Financial from C$100.00 to C$106.00 in a research report on Thursday, August 8th. National Bankshares lowered shares of iA Financial from an “outperform” rating to a “sector perform” rating and upped their price target for the company from C$102.00 to C$118.00 in a research report on Friday. Scotiabank lifted their price objective on iA Financial from C$100.00 to C$110.00 in a report on Thursday, August 8th. Finally, TD Securities increased their target price on iA Financial from C$110.00 to C$114.00 and gave the company a “buy” rating in a report on Wednesday, August 7th. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of C$107.25.

iA Financial Stock Performance

TSE IAG opened at C$112.94 on Thursday. The company has a market capitalization of C$10.75 billion, a P/E ratio of 15.12, a P/E/G ratio of 1.26 and a beta of 1.13. The company has a debt-to-equity ratio of 46.39, a quick ratio of 0.17 and a current ratio of 2.22. iA Financial has a 52-week low of C$77.61 and a 52-week high of C$119.25. The company has a fifty day moving average of C$108.61 and a 200-day moving average of C$94.83.

iA Financial (TSE:IAG) last posted its quarterly earnings data on Tuesday, August 6th. The company reported C$2.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$2.58 by C$0.17. The firm had revenue of C$1.64 billion during the quarter. iA Financial had a return on equity of 10.51% and a net margin of 9.02%. As a group, equities research analysts predict that iA Financial will post 11.6187564 EPS for the current fiscal year.

About iA Financial

iA Financial Corporation Inc, provides insurance and wealth management services in Canada and the United States. The company operates through Insurance, Canada; Wealth Management; Investment; and US Operations segments. The company provides health, auto, home, and creditor insurance products; replacement insurance products and warranties; extended warranties and other ancillary products for dealer services; specialized products for special markets; and life insurance products and extended warranties relating to dealer services.