Definity Financial (TSE:DFY) Given New C$52.00 Price Target at TD Securities

Definity Financial (TSE:DFY) had its price target boosted by TD Securities from C$49.00 to C$52.00 in a research report sent to investors on Friday morning, BayStreet.CA reports.

DFY has been the subject of a number of other reports. Cormark upped their price target on Definity Financial from C$49.00 to C$51.00 in a research note on Friday, July 26th. BMO Capital Markets upped their price target on Definity Financial from C$44.00 to C$48.00 and gave the company a market perform rating in a research note on Monday, May 13th. Desjardins upped their price target on Definity Financial from C$45.00 to C$47.00 and gave the company a hold rating in a research note on Tuesday, July 23rd. Scotiabank upped their price target on Definity Financial from C$51.00 to C$52.00 in a research note on Wednesday, July 24th. Finally, Raymond James upped their price target on Definity Financial from C$46.00 to C$52.50 and gave the company an outperform rating in a research note on Monday, May 13th. Three investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of Moderate Buy and an average price target of C$51.35.

Definity Financial Stock Performance

Definity Financial stock opened at C$49.80 on Friday. The company has a current ratio of 5.47, a quick ratio of 0.31 and a debt-to-equity ratio of 8.20. Definity Financial has a 1 year low of C$32.09 and a 1 year high of C$50.23. The company has a market cap of C$5.74 billion and a PE ratio of 16.44. The company’s 50-day moving average is C$44.80 and its two-hundred day moving average is C$43.80.

Definity Financial (TSE:DFY) last released its earnings results on Thursday, May 9th. The company reported C$0.65 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.72 by C($0.07). Definity Financial had a net margin of 8.94% and a return on equity of 12.27%. The business had revenue of C$991.90 million for the quarter, compared to analyst estimates of C$1 billion. Equities analysts anticipate that Definity Financial will post 2.6896762 earnings per share for the current year.

Definity Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Friday, September 13th will be paid a dividend of $0.16 per share. The ex-dividend date is Friday, September 13th. This represents a $0.64 annualized dividend and a dividend yield of 1.29%. Definity Financial’s dividend payout ratio is currently 21.12%.

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.