National Bankshares Downgrades iA Financial (TSE:IAG) to Sector Perform

iA Financial (TSE:IAG) was downgraded by analysts at National Bankshares from an “outperform” rating to a “sector perform” rating in a report issued on Friday, BayStreet.CA reports. They presently have a C$118.00 target price on the stock, up from their previous target price of C$102.00. National Bankshares’ price target indicates a potential upside of 5.03% from the company’s current price.

Several other analysts have also recently commented on IAG. Scotiabank lifted their price objective on shares of iA Financial from C$100.00 to C$110.00 in a research note on Thursday, August 8th. CIBC lifted their target price on shares of iA Financial from C$100.00 to C$106.00 in a report on Thursday, August 8th. Royal Bank of Canada increased their price target on shares of iA Financial from C$102.00 to C$105.00 and gave the stock a “moderate buy” rating in a report on Thursday, August 8th. BMO Capital Markets upped their price objective on shares of iA Financial from C$102.00 to C$111.00 in a research report on Thursday, August 8th. Finally, TD Securities raised their target price on iA Financial from C$110.00 to C$114.00 and gave the company a “buy” rating in a research report on Wednesday, August 7th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of C$107.25.

iA Financial Trading Down 3.0 %

Shares of IAG stock traded down C$3.48 during trading hours on Friday, reaching C$112.35. 105,552 shares of the stock were exchanged, compared to its average volume of 282,064. The company has a current ratio of 2.22, a quick ratio of 0.17 and a debt-to-equity ratio of 46.39. The company’s 50-day moving average price is C$108.34 and its 200-day moving average price is C$94.70. iA Financial has a 12-month low of C$77.61 and a 12-month high of C$119.25. The firm has a market capitalization of C$10.69 billion, a price-to-earnings ratio of 15.06, a price-to-earnings-growth ratio of 1.26 and a beta of 1.13.

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