TD Securities Raises Definity Financial (TSE:DFY) Price Target to C$52.00

Definity Financial (TSE:DFY) had its price objective increased by equities research analysts at TD Securities from C$49.00 to C$52.00 in a research note issued on Friday, BayStreet.CA reports. TD Securities’ target price would indicate a potential upside of 5.22% from the stock’s previous close.

DFY has been the topic of a number of other research reports. CIBC lifted their price objective on shares of Definity Financial from C$46.00 to C$47.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 16th. Desjardins lifted their price objective on shares of Definity Financial from C$45.00 to C$47.00 and gave the stock a “hold” rating in a research report on Tuesday, July 23rd. Jefferies Financial Group cut their price objective on shares of Definity Financial from C$44.00 to C$43.00 and set a “hold” rating on the stock in a research report on Monday, May 13th. Cormark boosted their target price on shares of Definity Financial from C$49.00 to C$51.00 in a research report on Friday, July 26th. Finally, National Bankshares boosted their target price on shares of Definity Financial from C$59.00 to C$60.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 30th. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of C$51.35.

Definity Financial Stock Up 4.9 %

Shares of TSE:DFY traded up C$2.30 during trading hours on Friday, hitting C$49.42. The company’s stock had a trading volume of 197,808 shares, compared to its average volume of 98,726. Definity Financial has a 52 week low of C$32.09 and a 52 week high of C$50.10. The company has a debt-to-equity ratio of 8.20, a current ratio of 5.47 and a quick ratio of 0.31. The company has a market capitalization of C$5.69 billion and a price-to-earnings ratio of 16.28. The firm’s fifty day moving average price is C$44.67 and its 200 day moving average price is C$43.72.

Definity Financial (TSE:DFY) last issued its quarterly earnings data on Thursday, May 9th. The company reported C$0.65 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.72 by C($0.07). Definity Financial had a return on equity of 12.27% and a net margin of 8.94%. The firm had revenue of C$991.90 million during the quarter, compared to analysts’ expectations of C$1 billion. As a group, research analysts expect that Definity Financial will post 2.6896762 EPS for the current year.

About Definity Financial

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.