iA Financial (TSE:IAG) Price Target Raised to C$133.00

iA Financial (TSE:IAG) had its price objective upped by stock analysts at CIBC from C$120.00 to C$133.00 in a report issued on Thursday,BayStreet.CA reports. CIBC’s target price would indicate a potential upside of 1.64% from the stock’s current price.

Other equities research analysts have also recently issued research reports about the company. National Bank Financial cut iA Financial from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 24th. National Bankshares upped their price objective on shares of iA Financial from C$118.00 to C$121.00 in a research report on Wednesday. BMO Capital Markets lifted their target price on shares of iA Financial from C$102.00 to C$111.00 in a report on Thursday, August 8th. TD Securities boosted their price target on shares of iA Financial from C$132.00 to C$135.00 in a research note on Wednesday. Finally, Cibc World Mkts raised shares of iA Financial from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 30th. Four equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, iA Financial presently has a consensus rating of “Moderate Buy” and a consensus target price of C$128.50.

iA Financial Stock Performance

iA Financial stock traded down C$2.79 during midday trading on Thursday, hitting C$130.86. 256,433 shares of the company’s stock were exchanged, compared to its average volume of 282,960. 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 12-month low of C$80.95 and a 12-month high of C$134.29. The firm’s 50 day simple moving average is C$111.27 and its 200 day simple moving average is C$96.70. The stock has a market cap of C$12.45 billion, a price-to-earnings ratio of 17.52, a price-to-earnings-growth ratio of 1.26 and a beta of 1.13.

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

iA Financial Company Profile

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.