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

Definity Financial Co. (TSE:DFY) has received a consensus rating of “Hold” from the eleven brokerages that are currently covering the company, MarketBeat reports. Nine research analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is C$54.70.

Several brokerages recently weighed in on DFY. Scotiabank cut Definity Financial from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 11th. National Bankshares raised their price objective on shares of Definity Financial from C$62.00 to C$65.00 and gave the company an “outperform” rating in a research report on Wednesday, October 30th. Raymond James lowered shares of Definity Financial from an “outperform” rating to a “market perform” rating and increased their target price for the company from C$53.00 to C$55.00 in a research note on Tuesday, November 12th. TD Securities lifted their price target on shares of Definity Financial from C$58.00 to C$59.00 and gave the stock a “hold” rating in a research report on Friday, November 8th. Finally, BMO Capital Markets increased their price objective on Definity Financial from C$53.00 to C$57.00 in a research report on Monday, November 11th.

Definity Financial Trading Up 3.4 %

TSE:DFY opened at C$61.22 on Thursday. Definity Financial has a 12-month low of C$37.83 and a 12-month high of C$61.36. The company has a debt-to-equity ratio of 6.38, a current ratio of 7.68 and a quick ratio of 0.31. The business has a 50 day simple moving average of C$57.48 and a 200 day simple moving average of C$54.07. The firm has a market capitalization of C$7.03 billion, a P/E ratio of 18.50, a P/E/G ratio of 2.63 and a beta of 0.04.

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. The company had revenue of C$1.10 billion during 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%. Equities research analysts predict that Definity Financial will post 3.1263962 EPS for the current 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.