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

iA Financial (TSE:IAG) had its price target lifted by TD Securities from C$132.00 to C$135.00 in a report published on Wednesday morning, BayStreet.CA reports.

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

iA Financial Stock Up 16.2 %

Shares of IAG opened at C$133.65 on Wednesday. The company has a debt-to-equity ratio of 46.39, a quick ratio of 0.17 and a current ratio of 2.22. The company has a 50-day simple moving average of C$111.27 and a 200-day simple moving average of C$96.70. iA Financial has a 52 week low of C$80.95 and a 52 week high of C$134.29. The firm has a market capitalization of C$12.72 billion, a P/E ratio of 17.89, a P/E/G ratio of 1.26 and a beta of 1.13.

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