Definity Financial (TSE:DFY) Price Target Raised to C$51.00

Definity Financial (TSE:DFY) had its price target hoisted by Scotiabank from C$49.00 to C$51.00 in a research note issued to investors on Friday, BayStreet.CA reports.

DFY has been the subject of several other reports. Desjardins raised their price target on shares of Definity Financial from C$44.00 to C$45.00 and gave the company a hold rating in a report on Tuesday, April 16th. TD Securities raised their price objective on shares of Definity Financial from C$45.00 to C$49.00 and gave the company a buy rating in a research report on Friday, February 16th. CIBC raised their price objective on shares of Definity Financial from C$46.00 to C$47.00 and gave the company an outperform rating in a research report on Tuesday, April 16th. National Bankshares raised their price objective on shares of Definity Financial from C$57.00 to C$59.00 and gave the company an outperform rating in a research report on Tuesday, February 20th. Finally, Raymond James raised their price objective on shares of Definity Financial from C$42.00 to C$46.00 and gave the company a market perform rating in a research report on Friday, February 16th. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Definity Financial presently has an average rating of Moderate Buy and a consensus price target of C$47.50.

Definity Financial Trading Up 0.0 %

TSE:DFY opened at C$45.40 on Friday. The company has a debt-to-equity ratio of 4.99, a quick ratio of 0.31 and a current ratio of 4.68. The firm has a market cap of C$5.26 billion, a price-to-earnings ratio of 15.13, a price-to-earnings-growth ratio of 2.63 and a beta of 0.08. Definity Financial has a 52 week low of C$32.09 and a 52 week high of C$47.50. The firm has a 50-day moving average price of C$44.66 and a two-hundred day moving average price of C$40.20.

Definity Financial (TSE:DFY) last released its quarterly earnings data on Thursday, February 15th. The company reported C$0.86 EPS for the quarter, topping the consensus estimate of C$0.74 by C$0.12. The company had revenue of C$1 billion during the quarter. Definity Financial had a net margin of 9.06% and a return on equity of 12.52%. On average, equities analysts expect that Definity Financial will post 2.7913715 earnings per share for the current fiscal year.

Definity Financial Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, March 15th were paid a dividend of $0.16 per share. This is a positive change from Definity Financial’s previous quarterly dividend of $0.14. The ex-dividend date was Thursday, March 14th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.41%. Definity Financial’s payout ratio is presently 21.33%.

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.