Definity Financial (TSE:DFY) Price Target Increased to C$39.00 by Analysts at Cormark

Definity Financial (TSE:DFYGet Rating) had its price objective lifted by stock analysts at Cormark from C$36.00 to C$39.00 in a report released on Thursday, MarketBeat.com reports. The brokerage currently has a “buy” rating on the stock. Cormark’s target price would suggest a potential downside of 0.20% from the stock’s current price. Cormark also issued estimates for Definity Financial’s Q3 2022 earnings at $0.44 EPS, Q4 2022 earnings at $0.45 EPS, FY2022 earnings at $1.86 EPS, Q1 2023 earnings at $0.62 EPS, Q2 2023 earnings at $0.49 EPS, Q3 2023 earnings at $0.46 EPS, Q4 2023 earnings at $0.42 EPS and FY2023 earnings at $2.16 EPS.

Other equities research analysts also recently issued research reports about the company. Raymond James downgraded Definity Financial from an “outperform” rating to a “market perform” rating and increased their price objective for the company from C$34.50 to C$36.00 in a research report on Wednesday. TD Securities increased their price objective on Definity Financial from C$39.00 to C$41.00 and gave the company a “buy” rating in a research report on Wednesday. Haywood Securities cut their price objective on Definity Financial to C$39.50 and set an “outperform” rating for the company in a research report on Friday, July 22nd. Royal Bank of Canada increased their price objective on Definity Financial from C$40.00 to C$43.00 and gave the company an “outperform” rating in a research report on Wednesday. Finally, Barclays increased their price objective on Definity Financial from C$37.00 to C$38.00 and gave the company a “na” rating in a research report on Tuesday, July 26th. One analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, Definity Financial presently has a consensus rating of “Moderate Buy” and a consensus price target of C$39.60.

Definity Financial Stock Up 2.7 %

Shares of Definity Financial stock opened at C$39.08 on Thursday. The company has a current ratio of 0.34, a quick ratio of 0.28 and a debt-to-equity ratio of 0.75. The business’s 50 day simple moving average is C$34.27 and its 200-day simple moving average is C$31.94. The stock has a market capitalization of C$4.53 billion and a price-to-earnings ratio of 24.84. Definity Financial has a twelve month low of C$26.00 and a twelve month high of C$39.43.

Definity Financial (TSE:DFYGet Rating) last issued its quarterly earnings data on Thursday, May 12th. The company reported C$0.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.40 by C$0.15. The business had revenue of C$790.30 million during the quarter. Equities research analysts forecast that Definity Financial will post 2.0294276 earnings per share for the current year.

Definity Financial Company Profile

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Definity Financial Corporation, together with its subsidiaries, provides property and casualty insurance products in Canada. It offers 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 comprising fleet, commercial auto, property, liability, and specialty insurance products to businesses under the under the Economical brand name.

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