National Bankshares Forecasts Strong Price Appreciation for iA Financial (TSE:IAG) Stock

iA Financial (TSE:IAG) had its price target increased by analysts at National Bankshares from C$118.00 to C$121.00 in a research note issued on Wednesday,BayStreet.CA reports. National Bankshares’ target price would suggest a potential downside of 7.20% from the company’s previous close.

IAG has been the subject of a number of other reports. TD Securities increased their target price on iA Financial from C$132.00 to C$135.00 in a report on Wednesday. CIBC increased their price objective on iA Financial from C$106.00 to C$120.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. BMO Capital Markets boosted their target price on shares of iA Financial from C$102.00 to C$111.00 in a research note on Thursday, August 8th. Royal Bank of Canada increased their target price on shares of iA Financial from C$102.00 to C$105.00 and gave the stock a “moderate buy” rating in a research report on Thursday, August 8th. Finally, Cormark lifted their price target on shares of iA Financial from C$127.00 to C$130.00 in a report on Wednesday. Four investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, iA Financial currently has a consensus rating of “Moderate Buy” and a consensus price target of C$128.50.

iA Financial Price Performance

TSE:IAG opened at C$130.39 on Wednesday. The company has a debt-to-equity ratio of 46.39, a quick ratio of 0.17 and a current ratio of 2.22. The company has a 50-day moving average of C$111.83 and a 200-day moving average of C$97.04. iA Financial has a 52 week low of C$80.95 and a 52 week high of C$134.29. The company has a market capitalization of C$12.41 billion, a price-to-earnings ratio of 17.46, a PEG ratio of 1.26 and a beta of 1.13.

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