IGM Financial Inc. (TSE:IGM) Receives C$44.17 Consensus PT from Analysts

Shares of IGM Financial Inc. (TSE:IGM) have earned a consensus rating of “Moderate Buy” from the seven ratings firms that are presently covering the company, MarketBeat reports. Three equities research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is C$43.57.

Several research analysts recently commented on IGM shares. National Bankshares increased their price target on IGM Financial from C$46.00 to C$47.00 and gave the company an “outperform” rating in a research report on Monday. Royal Bank of Canada boosted their target price on shares of IGM Financial from C$44.00 to C$45.00 in a report on Friday, May 3rd. CIBC increased their price target on shares of IGM Financial from C$42.00 to C$45.00 and gave the company an “outperform” rating in a research note on Friday, May 3rd. Jefferies Financial Group boosted their price objective on shares of IGM Financial from C$38.00 to C$39.00 and gave the stock a “buy” rating in a research note on Monday. Finally, TD Securities raised their target price on shares of IGM Financial from C$42.00 to C$43.00 and gave the company a “buy” rating in a research note on Monday, May 6th.

IGM Financial Stock Performance

Shares of IGM opened at C$39.12 on Friday. The stock has a market capitalization of C$9.29 billion, a price-to-earnings ratio of 12.11, a PEG ratio of 4.04 and a beta of 1.55. IGM Financial has a 12 month low of C$30.34 and a 12 month high of C$41.28. The firm has a fifty day simple moving average of C$37.61 and a 200 day simple moving average of C$36.22. The company has a current ratio of 2.15, a quick ratio of 0.31 and a debt-to-equity ratio of 37.00.

IGM Financial (TSE:IGM) last posted its quarterly earnings data on Thursday, May 2nd. The financial services provider reported C$0.94 EPS for the quarter, topping analysts’ consensus estimates of C$0.91 by C$0.03. The company had revenue of C$811.67 million during the quarter, compared to the consensus estimate of C$796.65 million. IGM Financial had a net margin of 27.67% and a return on equity of 11.63%. Research analysts forecast that IGM Financial will post 3.8664564 EPS for the current fiscal year.

About IGM Financial

IGM Financial Inc operates as a wealth and asset management company in Canada. It operates through Wealth Management and Asset Management segments. The Wealth Management segment offers investments that are focused on providing financial planning and related services; and provides mutual fund management and discretionary portfolio management services.