Brokerages Set Definity Financial Co. (TSE:DFY) Target Price at C$54.70

Shares of Definity Financial Co. (TSE:DFY) have been assigned an average recommendation of “Hold” from the eleven research firms that are presently covering the stock, MarketBeat reports. Nine analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is C$54.70.

A number of equities analysts have recently commented on the stock. Cormark downgraded shares of Definity Financial from a “moderate buy” rating to a “hold” rating in a research note on Wednesday, October 30th. Raymond James cut Definity Financial from an “outperform” rating to a “market perform” rating and increased their price target for the company from C$53.00 to C$55.00 in a research report on Tuesday, November 12th. TD Securities boosted their price target on Definity Financial from C$58.00 to C$59.00 and gave the stock a “hold” rating in a research report on Friday, November 8th. Scotiabank downgraded Definity Financial from a “strong-buy” rating to a “hold” rating in a report on Monday, November 11th. Finally, BMO Capital Markets boosted their target price on shares of Definity Financial from C$53.00 to C$57.00 in a report on Monday, November 11th.

Definity Financial Stock Up 0.1 %

Shares of Definity Financial stock opened at C$54.26 on Friday. Definity Financial has a 52-week low of C$37.09 and a 52-week high of C$60.78. The company has a debt-to-equity ratio of 6.38, a quick ratio of 0.31 and a current ratio of 7.68. The business’s 50 day simple moving average is C$57.45 and its 200 day simple moving average is C$52.82. The firm has a market cap of C$6.23 billion, a PE ratio of 16.39, a P/E/G ratio of 2.63 and a beta of 0.04.

Definity Financial (TSE:DFY) last announced its quarterly earnings data on Thursday, November 7th. The company reported C$0.13 EPS for the quarter, topping analysts’ consensus estimates of C($0.04) by C$0.17. The business had revenue of C$1.10 billion for the quarter, compared to analyst estimates of C$1.10 billion. Definity Financial had a net margin of 9.60% and a return on equity of 13.00%. On average, analysts predict that Definity Financial will post 3.1263962 earnings per share for the current fiscal year.

Definity Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 27th. Shareholders of record on Friday, December 13th were issued a $0.16 dividend. The ex-dividend date of this dividend was Friday, December 13th. This represents a $0.64 annualized dividend and a dividend yield of 1.18%. Definity Financial’s dividend payout ratio is currently 19.34%.

Definity Financial Company Profile

Definity Financial Corporation, together with its subsidiaries, offers property and casualty insurance products in Canada. It provides personal insurance products, including auto, property, general and umbrella liability, and pet insurance products to individuals under the Economical, Sonnet, Family, Petsecure, and Peppermint brands; and commercial insurance products, which include fleet, commercial auto, property, liability, and specialty insurance products to businesses under the Definity Insurance and Economical brand name.