National Bank Financial Analysts Lower Earnings Estimates for IGM Financial Inc. (TSE:IGM)

IGM Monetary Inc. (TSE:IGM – Get Rating) – Equities scientists at Nationwide Bank Fiscal minimize their Q2 2022 EPS estimates for shares of IGM Economic in a report unveiled on Wednesday, July 6th. Countrywide Lender Money analyst J. Gloyn now forecasts that the economical solutions provider will post earnings for each share of $.88 for the quarter, down from their previous estimate of $.96. The consensus estimate for IGM Financial’s existing full-yr earnings is $4.12 per share. National Financial institution Fiscal also issued estimates for IGM Financial’s Q3 2022 earnings at $.90 EPS, Q4 2022 earnings at $.92 EPS, FY2022 earnings at $3.61 EPS and FY2023 earnings at $4.09 EPS.

IGM has been the subject of various other investigation studies. TD Securities dropped their cost focus on on shares of IGM Fiscal from C$51.00 to C$48.00 and established a “buy” ranking for the corporation in a exploration observe on Monday, May perhaps 9th. Royal Lender of Canada dropped their selling price target on shares of IGM Fiscal from C$53.00 to C$47.00 and established a “sector complete” rating for the corporation in a investigate notice on Monday, May 9th. National Bankshares dropped their selling price concentrate on on shares of IGM Economic from C$53.00 to C$49.00 and set an “outperform” rating for the company in a research be aware on Thursday. Eventually, Scotiabank lowered their rate aim on shares of IGM Economic from C$51.00 to C$47.00 in a analysis report on Monday, May possibly 9th. One investment decision analyst has rated the inventory with a provide ranking, 3 have issued a keep ranking and five have given a invest in ranking to the company’s stock. Primarily based on knowledge from, the business has an typical ranking of “Maintain” and an normal value goal of C$52.50.


What is the optimum-yielding inventory you have ever owned? The dividends for these stocks have risen so quick about the many years that they’re now yielding us an average of 26%!

When you start out finding paid 26% on your money, your economical difficulties are likely to fairly much evaporate.

TSE:IGM opened at C$35.15 on Friday. The enterprise has a fifty working day easy shifting regular of C$36.86 and a two-hundred day very simple transferring average of C$42.12. The company has a industry cap of C$8.41 billion and a price-to-earnings ratio of 8.49. The firm has a speedy ratio of .41, a latest ratio of 2.25 and a personal debt-to-fairness ratio of 35.72. IGM Fiscal has a 52 week minimal of C$33.80 and a 52 week large of C$51.68. IGM Monetary (TSE:IGM – Get Score) past posted its quarterly earnings success on Thursday, May 5th. The fiscal services provider described C$.91 EPS for the quarter, lacking the consensus estimate of C$.93 by C($.02). The company had income of C$857.23 million for the quarter, as opposed to analyst estimates of C$865.00 million.

About IGM Economic (Get Score)

IGM Money Inc operates as a wealth and asset administration enterprise in Canada. It operates as a result of Wealth Administration, Asset Management, and Strategic Investments and Other segments. The business provides financial advisory expert services IG Living Approach that provides fiscal organizing products and services, these as investment automobiles, insurance coverage items, property finance loan and banking answers, and charitable providing application IG Prosperity Administration Advisor Portal, a customer romance management platform and IG Wealth Management’s supplier platform, which provides improved automation and supports equally MFDA and IIROC certified advisors, as properly as new solutions on its financial commitment vendor platform.

Highlighted Stories

This immediate information notify was generated by narrative science engineering and economic facts from MarketBeat in purchase to deliver viewers with the quickest and most correct reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Remember to deliver any questions or reviews about this tale to get in touch [email protected]

Should really you devote $1,000 in IGM Monetary proper now?

Ahead of you take into consideration IGM Financial, you can want to hear this.

MarketBeat keeps monitor of Wall Street’s prime-rated and ideal accomplishing analysis analysts and the shares they suggest to their consumers on a each day foundation. MarketBeat has recognized the five shares that top analysts are quietly whispering to their shoppers to purchase now ahead of the broader industry catches on… and IGM Financial wasn’t on the checklist.

While IGM Financial currently has a “Keep” score between analysts, major-rated analysts imagine these five shares are better buys.

View The 5 Stocks Below

Minnie Arwood

Next Post

Markets signal recession threat: Why stocks are taking it in stride --- for now

Sat Jul 9 , 2022
Recession warning lights are flashing in financial and commodity markets, but U.S. stocks seem to be to be at least keeping their have, if not getting their footing. What provides? Treasury yields have pushed back again up this 7 days but the 10-calendar year maturity TMUBMUSD10Y, 3.084% continues to be […]
Markets signal recession threat: Why stocks are taking it in stride — for now

You May Like