Definity Financial (TSE:DFY) Stock Price Down 1.1% – What’s Next?

Definity Financial Co. (TSE:DFY) traded down 1.1% on Monday . The company traded as low as C$65.17 and last traded at C$66.28. 150,005 shares changed hands during trading, a decline of 21% from the average session volume of 190,523 shares. The stock had previously closed at C$67.00.

Wall Street Analyst Weigh In

Several research firms recently issued reports on DFY. Barclays boosted their target price on shares of Definity Financial from C$80.00 to C$81.00 and gave the company an “equal weight” rating in a report on Friday, February 13th. Raymond James Financial lowered their price objective on Definity Financial from C$74.00 to C$72.00 and set a “market perform” rating for the company in a research report on Friday, February 13th. Jefferies Financial Group set a C$88.00 target price on Definity Financial and gave the company a “buy” rating in a research report on Wednesday, January 7th. Finally, Scotiabank boosted their target price on Definity Financial from C$65.00 to C$80.00 in a research report on Friday, January 30th. Three research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of C$79.80.

Definity Financial Price Performance

The company has a debt-to-equity ratio of 28.76, a current ratio of 0.27 and a quick ratio of 0.31. The business’s fifty day moving average price is C$70.00 and its 200-day moving average price is C$70.57. The stock has a market capitalization of C$8.13 billion, a price-to-earnings ratio of 19.31, a PEG ratio of 2.63 and a beta of -0.03.

Definity Financial (TSE:DFY) last posted its earnings results on Thursday, February 12th. The company reported C$0.99 earnings per share for the quarter. The company had revenue of C$1.10 billion for the quarter. Definity Financial had a net margin of 8.58% and a return on equity of 11.01%. On average, research analysts forecast that Definity Financial Co. will post 3.1263962 EPS for the current year.

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.