Definity Financial Co. (TSE:DFY) Given Average Rating of “Hold” by Analysts

Shares of Definity Financial Co. (TSE:DFY) have received a consensus rating of “Hold” from the eleven analysts that are presently covering the company, MarketBeat reports. Nine investment analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is C$54.70.

A number of research firms have issued reports on DFY. Raymond James cut shares of Definity Financial from an “outperform” rating to a “market perform” rating and lifted their target price for the company from C$53.00 to C$55.00 in a research note on Tuesday, November 12th. Cormark cut shares of Definity Financial from a “moderate buy” rating to a “hold” rating in a report on Wednesday, October 30th. TD Securities raised their target price on Definity Financial from C$58.00 to C$59.00 and gave the company a “hold” rating in a report on Friday, November 8th. National Bankshares boosted their price target on Definity Financial from C$62.00 to C$65.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. Finally, Scotiabank lowered Definity Financial from a “strong-buy” rating to a “hold” rating in a report on Monday, November 11th.

Definity Financial Price Performance

Shares of TSE:DFY opened at C$61.22 on Thursday. The firm has a market cap of C$7.03 billion, a price-to-earnings ratio of 18.50, a P/E/G ratio of 2.63 and a beta of 0.04. Definity Financial has a 1 year low of C$37.83 and a 1 year high of C$61.36. The company has a current ratio of 7.68, a quick ratio of 0.31 and a debt-to-equity ratio of 6.38. The business has a fifty day simple moving average of C$57.48 and a 200 day simple moving average of C$54.07.

Definity Financial (TSE:DFY) last announced its quarterly earnings results on Thursday, November 7th. The company reported C$0.13 earnings per share (EPS) for the quarter, beating the consensus estimate of C($0.04) by C$0.17. Definity Financial had a return on equity of 13.00% and a net margin of 9.60%. The business had revenue of C$1.10 billion during the quarter, compared to analyst estimates of C$1.10 billion. As a group, sell-side analysts predict that Definity Financial will post 3.1263962 earnings per share for the current fiscal year.

About Definity Financial

Definity Financial Corporation, together with its subsidiaries, offers property and casualty insurance products in Canada. It provides personal insurance products, including auto, property, general and umbrella liability, and pet insurance products to individuals under the Economical, Sonnet, Family, Petsecure, and Peppermint brands; and commercial insurance products, which include fleet, commercial auto, property, liability, and specialty insurance products to businesses under the Definity Insurance and Economical brand name.