Cormark downgraded shares of Definity Financial (TSE:DFY – Free Report) from a moderate buy rating to a hold rating in a report issued on Wednesday morning, Zacks.com reports. Cormark also issued estimates for Definity Financial’s Q3 2024 earnings at $0.00 EPS, FY2024 earnings at $2.53 EPS and FY2025 earnings at $3.25 EPS.
DFY has been the subject of a number of other research reports. Desjardins increased their price target on shares of Definity Financial from C$47.00 to C$52.00 and gave the company a “hold” rating in a report on Tuesday, August 6th. CIBC downgraded shares of Definity Financial from an “outperform” rating to a “neutral” rating and raised their target price for the company from C$47.00 to C$51.00 in a report on Tuesday, August 6th. National Bankshares raised their target price on shares of Definity Financial from C$62.00 to C$65.00 and gave the company an “outperform” rating in a report on Wednesday. TD Securities raised their target price on shares of Definity Financial from C$52.00 to C$55.00 in a report on Friday, September 20th. Finally, Raymond James raised their target price on shares of Definity Financial from C$55.00 to C$58.00 in a report on Tuesday, October 22nd. Seven investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of C$53.70.
View Our Latest Research Report on DFY
Definity Financial Stock Performance
Definity Financial (TSE:DFY – Get Free Report) last announced its quarterly earnings results on Thursday, August 1st. The company reported C$0.94 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$0.66 by C$0.28. The business had revenue of C$1.05 billion during the quarter, compared to the consensus estimate of C$1.07 billion. Definity Financial had a net margin of 9.60% and a return on equity of 13.00%. Equities research analysts predict that Definity Financial will post 3.1263962 earnings per share 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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