Definity Financial (TSE:DFY – Get Free Report) released its quarterly earnings data on Thursday. The company reported C$0.97 earnings per share for the quarter, FiscalAI reports. Definity Financial had a return on equity of 11.01% and a net margin of 8.58%.The business had revenue of C$1.92 billion during the quarter.
Definity Financial Price Performance
Shares of TSE DFY opened at C$68.58 on Friday. The company has a quick ratio of 0.31, a current ratio of 0.27 and a debt-to-equity ratio of 28.76. Definity Financial has a twelve month low of C$61.87 and a twelve month high of C$79.95. The firm has a market cap of C$8.22 billion, a P/E ratio of 19.54, a PEG ratio of 2.63 and a beta of 0.04. The company has a 50 day moving average of C$66.52 and a 200 day moving average of C$69.19.
Analysts Set New Price Targets
Several analysts have commented on the stock. National Bank Financial raised their price objective on shares of Definity Financial from C$93.00 to C$94.00 in a report on Wednesday, April 29th. TD raised their price objective on shares of Definity Financial from C$85.00 to C$86.00 and gave the stock a “buy” rating in a report on Friday. Barclays raised their price objective on shares of Definity Financial from C$78.00 to C$79.00 in a report on Friday. Scotiabank raised their price objective on shares of Definity Financial from C$65.00 to C$80.00 in a report on Friday, January 30th. Finally, Raymond James Financial lowered their price objective on shares of Definity Financial from C$74.00 to C$72.00 and set a “market perform” rating for the company in a report on Friday, February 13th. Four equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of C$79.91.
About Definity Financial
Definity Financial Corp is a multi-channel, property, and casualty insurance company. It offers auto, property, liability, and pet insurance products to individual customers.
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