Definity Financial (TSE:DFY – Get Free Report) was downgraded by investment analysts at Raymond James from an “outperform” rating to a “market perform” rating in a note issued to investors on Tuesday,BayStreet.CA reports. They currently have a C$55.00 target price on the stock, up from their prior target price of C$53.00. Raymond James’ price target points to a potential upside of 1.44% from the company’s previous close.
A number of other research firms also recently issued reports on DFY. CIBC downgraded Definity Financial from an “outperform” rating to a “neutral” rating and raised their price target for the stock from C$47.00 to C$51.00 in a research note on Tuesday, August 6th. Cormark lowered Definity Financial from a “moderate buy” rating to a “hold” rating in a report on Wednesday, October 30th. Cibc World Mkts lowered shares of Definity Financial from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 6th. BMO Capital Markets raised their price target on Definity Financial from C$53.00 to C$57.00 in a research note on Monday. Finally, Royal Bank of Canada increased their target price on shares of Definity Financial from C$58.00 to C$61.00 in a report on Friday, August 2nd. Nine equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, Definity Financial has a consensus rating of “Hold” and an average price target of C$54.70.
Get Our Latest Stock Analysis on DFY
Definity Financial Stock Down 1.5 %
Definity Financial (TSE:DFY – Get Free Report) last posted its earnings results on Thursday, November 7th. The company reported C$0.13 earnings per share (EPS) for the quarter, beating the consensus estimate of C($0.04) by C$0.17. Definity Financial had a net margin of 9.60% and a return on equity of 13.00%. The business had revenue of C$1.10 billion for the quarter, compared to analysts’ expectations of C$1.10 billion. Equities analysts predict that Definity Financial will post 3.1263962 EPS for the current fiscal year.
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.
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