iA Financial (TSE:IAG – Get Free Report) issued its quarterly earnings results on Monday. The company reported C$4.03 EPS for the quarter, FiscalAI reports. iA Financial had a net margin of 8.29% and a return on equity of 13.70%. The firm had revenue of C$3.06 billion for the quarter.
iA Financial Price Performance
Shares of IAG opened at C$213.61 on Tuesday. iA Financial has a one year low of C$145.44 and a one year high of C$223.72. The company has a 50-day moving average of C$209.06 and a two-hundred day moving average of C$185.52. The stock has a market cap of C$18.88 billion, a price-to-earnings ratio of 18.38, a PEG ratio of 1.26 and a beta of 0.74.
Analyst Upgrades and Downgrades
Several equities analysts have recently weighed in on the stock. TD raised their price objective on shares of iA Financial from C$214.00 to C$218.00 and gave the company a “hold” rating in a research report on Wednesday, August 5th. BMO Capital Markets boosted their target price on shares of iA Financial from C$215.00 to C$225.00 and gave the stock an “outperform” rating in a report on Thursday, August 6th. Scotiabank increased their target price on shares of iA Financial from C$168.00 to C$198.52 and gave the company a “sector perform” rating in a research note on Wednesday, July 15th. National Bank Financial cut their target price on shares of iA Financial from C$216.00 to C$215.00 and set a “sector perform” rating for the company in a research note on Monday, October 19th. Finally, Desjardins raised their target price on shares of iA Financial from C$205.00 to C$220.00 and gave the stock a “hold” rating in a report on Thursday, August 6th. One analyst has rated the stock with a Buy rating and eight have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of C$213.50.
Read Our Latest Stock Analysis on iA Financial
About iA Financial
iA Financial Group is one of the largest insurance and wealth management groups in Canada, with operations in the United States. Founded in 1892, it is an important Canadian public company and is listed on the Toronto Stock Exchange under the ticker symbol IAG (common shares). To learn more about iA Financial Group, you can sign up for our newsletter on our website at ia.ca. iA Financial Group is a business name and trademark of iA Financial Corporation Inc
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