Canaccord Genuity analyst Scott Chan CFA maintained a Hold rating on IGM Financial (OTC:IGIFF) on Thursday, setting a price target of C$34, which is approximately 6.81% above the present share price of $24.23.
Chan CFA expects IGM Financial to post earnings per share (EPS) of $0.77 for the fourth quarter of 2020.
The current consensus among 7 TipRanks analysts is for a Hold rating of shares in IGM Financial, with an average price target of $26.97.
The analysts price targets range from a high of $28.93 to a low of $24.36.
In its latest earnings report, released on 06/30/2020, the company reported a quarterly revenue of $732.12 million and a net profit of $475.35 million. The company's market cap is $5.51 billion.
According to TipRanks.com, Canaccord Genuity analyst Scott Chan CFA is currently ranked with 3 stars on a 0-5 stars ranking scale, with an average return of 2.3% and a 49.12% success rate.
IGM Financial, Inc. operates as a financial services company, which engages in the management and distribution of mutual funds and other managed asset products. It operates through the following segments: Investors Group, Mackenzie Investments, and Corporate & Other. The Investors Group segment provides financial advisory services for investments, retirement, mortgage, estate planning, tax planning, and insurance. The Mackenzi Investments segment offers funds products, private wealth solutions, managed assets, group plans, tax and estate planning, payout service, and dollar cost averaging. The Corporate and Other segment includes net investment income that are not allocated to other segments, proportionate share of earnings of Great-West Lifeco Inc., operating results for Investment Planning Counsel Inc., and consolidation elimination entries. The company was founded on August 3, 1978 and is headquartered in Winnipeg, Canada.