Definity Financial (TSE:DFY) PT Raised to C$58.00 at Raymond James

Definity Financial (TSE:DFY) had its target price upped by investment analysts at Raymond James from C$55.00 to C$58.00 in a research report issued on Tuesday, BayStreet.CA reports. Raymond James’ target price would suggest a potential upside of 6.13% from the stock’s previous close.

Several other equities research analysts have also recently issued reports on the stock. CIBC cut shares of Definity Financial from an “outperform” rating to a “neutral” rating and lifted their target price for the stock from C$47.00 to C$51.00 in a research note on Tuesday, August 6th. National Bankshares boosted their price target on shares of Definity Financial from C$60.00 to C$62.00 and gave the stock an “outperform” rating in a research report on Tuesday, August 6th. Royal Bank of Canada upped their price objective on shares of Definity Financial from C$58.00 to C$61.00 in a research note on Friday, August 2nd. Scotiabank boosted their target price on Definity Financial from C$51.00 to C$53.00 in a report on Friday, September 20th. Finally, Cormark increased their price target on Definity Financial from C$49.00 to C$51.00 in a report on Friday, July 26th. Six analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, Definity Financial presently has an average rating of “Hold” and a consensus price target of C$53.40.

Definity Financial Stock Down 0.9 %

DFY stock opened at C$54.65 on Tuesday. The stock has a market capitalization of C$6.28 billion, a P/E ratio of 16.51, a P/E/G ratio of 2.63 and a beta of 0.04. The firm has a 50-day simple moving average of C$51.77 and a 200-day simple moving average of C$47.41. The company has a quick ratio of 0.31, a current ratio of 7.68 and a debt-to-equity ratio of 6.38. Definity Financial has a 52 week low of C$35.48 and a 52 week high of C$55.86.

Definity Financial (TSE:DFY) last posted its quarterly earnings data on Thursday, August 1st. The company reported C$0.94 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.66 by C$0.28. The company had revenue of C$1.05 billion for the quarter, compared to analysts’ expectations of C$1.07 billion. Definity Financial had a return on equity of 13.00% and a net margin of 9.60%. Equities analysts forecast that Definity Financial will post 3.1263962 earnings per share for the current fiscal 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.