Definity Financial Co. (TSE:DFY) Receives Consensus Rating of “Hold” from Brokerages

Shares of Definity Financial Co. (TSE:DFY) have been given a consensus recommendation of “Hold” by the seven ratings firms that are covering the stock, Marketbeat Ratings reports. Four research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is C$79.20.

A number of brokerages have weighed in on DFY. National Bank Financial lifted their target price on Definity Financial from C$93.00 to C$94.00 in a research report on Wednesday, April 29th. Jefferies Financial Group raised their price target on Definity Financial from C$76.00 to C$81.00 in a research note on Monday. Barclays decreased their price objective on Definity Financial from C$81.00 to C$78.00 in a report on Wednesday, April 8th. Desjardins lowered their price objective on shares of Definity Financial from C$75.00 to C$73.00 and set a “hold” rating for the company in a research note on Monday, April 27th. Finally, Raymond James Financial dropped their target price on shares of Definity Financial from C$74.00 to C$72.00 and set a “market perform” rating on the stock in a report on Friday, February 13th.

Definity Financial Stock Performance

Shares of TSE:DFY opened at C$64.39 on Friday. The firm has a market cap of C$7.72 billion, a PE ratio of 18.34, a price-to-earnings-growth ratio of 2.63 and a beta of 0.04. The firm’s 50 day simple moving average is C$66.57 and its 200-day simple moving average is C$69.19. Definity Financial has a one year low of C$61.87 and a one year high of C$79.95. The company has a debt-to-equity ratio of 28.76, a quick ratio of 0.31 and a current ratio of 0.27.

Definity Financial (TSE:DFY) last announced its quarterly earnings results on Thursday, February 12th. The company reported C$0.99 earnings per share (EPS) for the quarter. Definity Financial had a return on equity of 11.01% and a net margin of 8.58%.The firm had revenue of C$1.10 billion during the quarter. As a group, equities analysts predict that Definity Financial 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.