Definity Financial (TSE:DFY) PT Raised to C$47.00 at CIBC

Definity Financial (TSE:DFY) had its price target increased by investment analysts at CIBC from C$46.00 to C$47.00 in a research report issued on Tuesday, BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. CIBC’s price target would indicate a potential upside of 6.89% from the company’s current price.

Several other equities analysts have also recently weighed in on DFY. Cormark raised their price objective on Definity Financial from C$42.00 to C$43.00 in a research note on Friday, February 16th. Royal Bank of Canada lifted their price objective on Definity Financial from C$48.00 to C$49.00 and gave the stock an “outperform” rating in a report on Friday, February 16th. National Bankshares lifted their target price on Definity Financial from C$57.00 to C$59.00 and gave the company an “outperform” rating in a report on Tuesday, February 20th. Desjardins boosted their target price on Definity Financial from C$40.00 to C$44.00 and gave the stock a “hold” rating in a research report on Tuesday, February 20th. Finally, Raymond James boosted their target price on Definity Financial from C$42.00 to C$46.00 and gave the stock a “market perform” rating in a research report on Friday, February 16th. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of C$47.30.

Definity Financial Stock Performance

TSE:DFY opened at C$43.97 on Tuesday. The stock has a market cap of C$5.10 billion, a P/E ratio of 14.66, a price-to-earnings-growth ratio of 2.63 and a beta of 0.08. The company has a current ratio of 4.68, a quick ratio of 0.31 and a debt-to-equity ratio of 4.99. The stock’s 50-day moving average is C$43.88 and its 200-day moving average is C$39.87. Definity Financial has a 1-year low of C$32.09 and a 1-year high of C$47.50.

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