IGM Financial (IGM) to Release Quarterly Earnings on Wednesday

IGM Financial (TSE:IGM) will post its quarterly earnings results after the market closes on Wednesday, August 7th. Analysts expect IGM Financial to post earnings of C$0.97 per share for the quarter.

IGM Financial Price Performance

IGM opened at C$37.89 on Tuesday. The stock’s 50 day moving average price is C$37.74 and its 200-day moving average price is C$36.32. The stock has a market capitalization of C$8.99 billion, a PE ratio of 11.73, a price-to-earnings-growth ratio of 4.04 and a beta of 1.55. The company has a debt-to-equity ratio of 37.00, a quick ratio of 0.31 and a current ratio of 2.15. IGM Financial has a 52-week low of C$30.34 and a 52-week high of C$40.60.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. Royal Bank of Canada lifted their price target on shares of IGM Financial from C$44.00 to C$45.00 in a research report on Friday, May 3rd. National Bankshares upped their price target on shares of IGM Financial from C$46.00 to C$47.00 and gave the stock an “outperform” rating in a research report on Monday, July 29th. Scotiabank boosted their price target on shares of IGM Financial from C$45.00 to C$46.00 in a research note on Wednesday, July 24th. CIBC lifted their target price on IGM Financial from C$42.00 to C$45.00 and gave the stock an “outperform” rating in a report on Friday, May 3rd. Finally, Jefferies Financial Group upped their price objective on shares of IGM Financial from C$38.00 to C$39.00 and gave the stock a “buy” rating in a research note on Monday, July 29th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, IGM Financial presently has an average rating of “Moderate Buy” and an average target price of C$43.57.

IGM Financial Company Profile

IGM Financial Inc operates as a wealth and asset management company in Canada. It operates through Wealth Management and Asset Management segments. The Wealth Management segment offers investments that are focused on providing financial planning and related services; and provides mutual fund management and discretionary portfolio management services.