iA Financial (TSE:IAG) Stock Price Expected to Rise, CIBC Analyst Says

iA Financial (TSE:IAG) had its price objective lifted by stock analysts at CIBC from C$106.00 to C$120.00 in a note issued to investors on Wednesday, BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. CIBC’s price objective points to a potential upside of 4.26% from the stock’s current price.

Several other equities analysts have also commented on IAG. National Bank Financial cut iA Financial from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 24th. 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 research report on Thursday, August 8th. National Bankshares lowered shares of iA Financial from an “outperform” rating to a “sector perform” rating and raised their price target for the company from C$102.00 to C$118.00 in a report on Friday, October 25th. Scotiabank boosted their price objective on shares of iA Financial from C$100.00 to C$110.00 in a report on Thursday, August 8th. Finally, BMO Capital Markets raised their target price on iA Financial from C$102.00 to C$111.00 in a research note on Thursday, August 8th. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of C$111.00.

iA Financial Trading Up 0.5 %

Shares of iA Financial stock traded up C$0.55 during trading hours on Wednesday, hitting C$115.10. The company’s stock had a trading volume of 117,811 shares, compared to its average volume of 281,105. The company has a quick ratio of 0.17, a current ratio of 2.22 and a debt-to-equity ratio of 46.39. The company has a market capitalization of C$10.95 billion, a PE ratio of 15.41, a P/E/G ratio of 1.26 and a beta of 1.13. The business has a fifty day moving average of C$109.20 and a 200 day moving average of C$95.30. iA Financial has a 1-year low of C$79.39 and a 1-year high of C$119.25.

iA Financial (TSE:IAG) last released its quarterly earnings data on Tuesday, August 6th. The company reported C$2.75 EPS for the quarter, beating the consensus estimate of C$2.58 by C$0.17. iA Financial had a return on equity of 10.51% and a net margin of 9.02%. The company had revenue of C$1.64 billion for the quarter. As a group, equities analysts forecast that iA Financial will post 11.6187564 EPS 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.