TD Issues Positive Forecast for Definity Financial (TSE:DFY) Stock Price

Definity Financial (TSE:DFY) had its price target raised by TD from C$89.00 to C$93.00 in a research note issued on Friday,BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. TD’s target price indicates a potential upside of 16.94% from the stock’s current price.

A number of other equities research analysts have also recently commented on DFY. Desjardins dropped their target price on Definity Financial from C$75.00 to C$73.00 and set a “hold” rating on the stock in a research report on Monday, April 27th. National Bank Financial upped their price target on Definity Financial from C$94.00 to C$96.00 and gave the stock an “outperform” rating in a report on Monday. Jefferies Financial Group raised their price objective on Definity Financial from C$83.00 to C$91.00 and gave the company a “buy” rating in a report on Monday. Canadian Imperial Bank of Commerce boosted their price objective on Definity Financial from C$74.00 to C$84.00 in a research report on Tuesday, July 14th. Finally, Barclays upped their target price on Definity Financial from C$78.00 to C$79.00 in a research note on Friday, May 8th. Four equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of C$83.40.

Definity Financial Stock Performance

Shares of DFY traded up C$1.02 during trading hours on Friday, hitting C$79.53. The stock had a trading volume of 209,804 shares, compared to its average volume of 179,424. The firm has a 50-day moving average price of C$73.78 and a 200 day moving average price of C$69.79. Definity Financial has a fifty-two week low of C$61.87 and a fifty-two week high of C$81.99. The firm has a market capitalization of C$9.56 billion, a price-to-earnings ratio of 24.55, a PEG ratio of 2.63 and a beta of -0.05. The company has a debt-to-equity ratio of 43.41, a quick ratio of 0.31 and a current ratio of 1.25.

Definity Financial (TSE:DFY) last released its quarterly earnings results on Thursday, July 30th. The company reported C$0.97 EPS for the quarter. Definity Financial had a net margin of 6.94% and a return on equity of 9.82%. The company had revenue of C$2.05 billion for the quarter. As a group, research analysts anticipate that Definity Financial will post 3.1263962 EPS for the current year.

Insider Buying and Selling at Definity Financial

In related news, insider Brigid V. Pelino sold 5,000 shares of the company’s stock in a transaction dated Wednesday, June 10th. The shares were sold at an average price of C$72.00, for a total transaction of C$360,000.00. Following the completion of the transaction, the insider owned 74,109 shares in the company, valued at C$5,335,848. This represents a 6.32% decrease in their position. 0.50% of the stock is currently owned by company insiders.

Definity Financial Company Profile

Definity Financial Corp is a multi-channel, property, and casualty insurance company. It offers auto, property, liability, and pet insurance products to individual customers.