Definity Financial (TSE:DFY) Rating Lowered to Market Perform at Raymond James

Definity Financial (TSE:DFY) was downgraded by investment analysts at Raymond James from an “outperform” rating to a “market perform” rating in a research note issued on Tuesday, MarketBeat.com reports. They currently have a C$55.00 price target on the stock, up from their prior price target of C$53.00. Raymond James’ price target suggests a potential downside of 2.33% from the stock’s previous close. Raymond James also issued estimates for Definity Financial’s Q4 2024 earnings at $0.87 EPS, Q2 2025 earnings at $0.98 EPS, Q3 2025 earnings at $0.94 EPS and Q4 2025 earnings at $1.06 EPS.

Other research analysts also recently issued research reports about the stock. Desjardins raised their price target on shares of Definity Financial from C$47.00 to C$52.00 and gave the company a “hold” rating in a report on Tuesday, August 6th. Cibc World Mkts lowered shares of Definity Financial from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 6th. CIBC lowered shares of Definity Financial from an “outperform” rating to a “neutral” rating and raised their target price for the company from C$47.00 to C$51.00 in a research note on Tuesday, August 6th. National Bankshares raised their target price on shares of Definity Financial from C$62.00 to C$65.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. Finally, Cormark lowered shares of Definity Financial from a “moderate buy” rating to a “hold” rating in a research report on Wednesday, October 30th. Nine investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Definity Financial has an average rating of “Hold” and a consensus target price of C$54.70.

Definity Financial Stock Up 2.4 %

DFY stock opened at C$56.31 on Tuesday. Definity Financial has a 12-month low of C$35.48 and a 12-month high of C$58.73. The company has a quick ratio of 0.31, a current ratio of 7.68 and a debt-to-equity ratio of 6.38. The company has a market cap of C$6.47 billion, a price-to-earnings ratio of 16.62, a PEG ratio of 2.63 and a beta of 0.04. The company has a 50 day moving average of C$53.24 and a two-hundred day moving average of C$48.52.

Definity Financial (TSE:DFY) last released its quarterly earnings results on Thursday, November 7th. The company reported C$0.13 earnings per share for the quarter, beating analysts’ consensus estimates of C($0.04) by C$0.17. The business had revenue of C$1.10 billion for the quarter, compared to the consensus estimate of C$1.10 billion. Definity Financial had a net margin of 9.60% and a return on equity of 13.00%. On average, equities analysts anticipate 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.