Definity Financial Co. (TSE:DFY) Receives C$47.70 Consensus Price Target from Brokerages

Shares of Definity Financial Co. (TSE:DFYGet Free Report) have earned a consensus recommendation of “Moderate Buy” from the nine ratings firms that are presently covering the company, reports. Three analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is C$48.32.

DFY has been the subject of a number of analyst reports. Royal Bank of Canada upped their target price on Definity Financial from C$50.00 to C$51.00 in a report on Friday. TD Securities increased their price objective on Definity Financial from C$45.00 to C$49.00 and gave the company a “buy” rating in a report on Friday, February 16th. Scotiabank reduced their target price on Definity Financial from C$52.00 to C$51.00 and set an “outperform” rating for the company in a research note on Monday. Jefferies Financial Group reduced their target price on Definity Financial from C$44.00 to C$43.00 and set a “hold” rating for the company in a research note on Monday. Finally, Cormark raised their target price on Definity Financial from C$42.00 to C$43.00 in a research note on Friday, February 16th.

View Our Latest Stock Report on DFY

Definity Financial Stock Down 2.5 %

Definity Financial stock opened at C$44.00 on Tuesday. The business has a fifty day moving average of C$44.95 and a two-hundred day moving average of C$40.79. The company has a quick ratio of 0.31, a current ratio of 4.68 and a debt-to-equity ratio of 4.99. The firm has a market cap of C$5.07 billion and a P/E ratio of 14.67. Definity Financial has a twelve month low of C$32.09 and a twelve month high of C$47.50.

Definity Financial (TSE:DFYGet Free Report) last posted its earnings results on Thursday, February 15th. The company reported C$0.86 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.74 by C$0.12. The company had revenue of C$1 billion during the quarter. Definity Financial had a return on equity of 12.52% and a net margin of 9.06%. On average, analysts forecast that Definity Financial will post 2.6566549 earnings per share for the current fiscal year.

Definity Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 27th. Stockholders of record on Thursday, June 13th will be given a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.45%. The ex-dividend date is Thursday, June 13th. Definity Financial’s dividend payout ratio (DPR) is presently 21.33%.

Definity Financial Company Profile

(Get Free Report

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.

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Analyst Recommendations for Definity Financial (TSE:DFY)

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