iA Financial (TSE:IAG) Price Target Raised to C$130.00 at Cormark

iA Financial (TSE:IAG) had its target price lifted by equities research analysts at Cormark from C$127.00 to C$130.00 in a research report issued to clients and investors on Wednesday, BayStreet.CA reports. Cormark’s price objective indicates a potential downside of 2.20% from the company’s current price.

A number of other equities research analysts have also issued reports on IAG. Cibc World Mkts raised shares of iA Financial from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 30th. Royal Bank of Canada lifted their target price on iA Financial from C$102.00 to C$105.00 and gave the company a “moderate buy” rating in a research report on Thursday, August 8th. National Bankshares cut iA Financial from an “outperform” rating to a “sector perform” rating and lifted their price objective for the company from C$102.00 to C$118.00 in a research note on Friday, October 25th. Scotiabank upped their price target on iA Financial from C$110.00 to C$126.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. Finally, National Bank Financial lowered iA Financial from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 24th. Three equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, iA Financial presently has an average rating of “Moderate Buy” and an average target price of C$117.13.

iA Financial Price Performance

IAG traded up C$17.91 during trading on Wednesday, reaching C$132.92. The company’s stock had a trading volume of 492,813 shares, compared to its average volume of 282,053. The company has a market cap of C$12.65 billion, a price-to-earnings ratio of 17.79, a PEG ratio of 1.26 and a beta of 1.13. The firm has a fifty day simple moving average of C$110.63 and a two-hundred day simple moving average of C$96.35. iA Financial has a 1 year low of C$80.95 and a 1 year high of C$133.72. The company has a quick ratio of 0.17, a current ratio of 2.22 and a debt-to-equity ratio of 46.39.

iA Financial (TSE:IAG) last released its quarterly earnings data on Tuesday, August 6th. The company reported C$2.75 earnings per share for the quarter, topping analysts’ consensus estimates of C$2.58 by C$0.17. iA Financial had a return on equity of 10.51% and a net margin of 9.02%. The company had revenue of C$1.64 billion for the quarter. As a group, analysts anticipate that iA Financial will post 11.6187564 EPS for the current year.

About iA Financial

iA Financial Corporation Inc, provides insurance and wealth management services in Canada and the United States. The company operates through Insurance, Canada; Wealth Management; Investment; and US Operations segments. The company provides health, auto, home, and creditor insurance products; replacement insurance products and warranties; extended warranties and other ancillary products for dealer services; specialized products for special markets; and life insurance products and extended warranties relating to dealer services.