iA Financial (TSE:IAG) Price Target Raised to C$135.00

iA Financial (TSE:IAG) had its price target boosted by TD Securities from C$132.00 to C$135.00 in a note issued to investors on Wednesday, BayStreet.CA reports. TD Securities’ target price would indicate a potential upside of 1.56% from the company’s current price.

A number of other brokerages also recently commented on IAG. CIBC raised their price objective on shares of iA Financial from C$106.00 to C$120.00 and gave the company an “outperform” rating in a research report on Wednesday, October 30th. Scotiabank raised their price target on iA Financial from C$110.00 to C$126.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. Royal Bank of Canada upped their price objective on 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 boosted their target price on shares of iA Financial from C$102.00 to C$111.00 in a research report on Thursday, August 8th. Finally, National Bankshares downgraded shares of iA Financial from an “outperform” rating to a “sector perform” rating and increased their price target for the company from C$102.00 to C$118.00 in a report on Friday, October 25th. Three analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, iA Financial has a consensus rating of “Moderate Buy” and an average price target of C$117.13.

iA Financial Stock Performance

Shares of iA Financial stock traded up C$17.91 during trading hours on Wednesday, hitting C$132.92. 492,813 shares of the company were exchanged, compared to its average volume of 282,053. The business has a 50-day moving average of C$110.63 and a 200-day moving average of C$96.35. iA Financial has a 1 year low of C$80.95 and a 1 year high of C$133.72. 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 stock has a market capitalization of C$12.65 billion, a price-to-earnings ratio of 17.70, a P/E/G ratio of 1.26 and a beta of 1.13.

iA Financial (TSE:IAG) last released its earnings results on Tuesday, August 6th. The company reported C$2.75 EPS for the quarter, topping the consensus estimate 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, analysts expect 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.