iA Financial (TSE:IAG) Sets New 1-Year High Following Analyst Upgrade

iA Financial Co. Inc. (TSE:IAG) reached a new 52-week high on Wednesday after National Bankshares raised their price target on the stock from C$118.00 to C$121.00. The stock traded as high as C$133.72 and last traded at C$132.08, with a volume of 455627 shares changing hands. The stock had previously closed at C$115.01.

IAG has been the topic of a number of other research reports. Scotiabank boosted their price objective on shares of iA Financial from C$110.00 to C$126.00 and gave the company an “outperform” rating in a research report on Wednesday, October 30th. Cormark lifted their price target on shares of iA Financial from C$127.00 to C$130.00 in a research note on Wednesday. Cibc World Mkts raised shares of iA Financial from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 30th. National Bank Financial lowered iA Financial from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 24th. Finally, CIBC upped their target price on iA Financial from C$106.00 to C$120.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. Three research analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of C$117.13.

iA Financial Stock Up 16.2 %

The company has a debt-to-equity ratio of 46.39, a quick ratio of 0.17 and a current ratio of 2.22. The company has a fifty day simple moving average of C$110.63 and a two-hundred day simple moving average of C$96.35. The firm has a market capitalization of C$12.72 billion, a PE ratio of 17.79, a PEG ratio of 1.26 and a beta of 1.13.

iA Financial (TSE:IAG) last issued its earnings results on Tuesday, August 6th. The company reported C$2.75 earnings per share (EPS) for the quarter, topping the consensus estimate of C$2.58 by C$0.17. iA Financial had a net margin of 9.02% and a return on equity of 10.51%. The company had revenue of C$1.64 billion for the quarter. Analysts forecast that iA Financial Co. Inc. will post 11.6187564 EPS for the current fiscal year.

About iA Financial

iA Financial Corporation Inc, provides insurance and wealth management services in Canada and the United States. The company operates through Insurance, Canada; Wealth Management; Investment; and US Operations segments. The company provides health, auto, home, and creditor insurance products; replacement insurance products and warranties; extended warranties and other ancillary products for dealer services; specialized products for special markets; and life insurance products and extended warranties relating to dealer services.