Canadian stock alert
CLOSING UPDATE: Intact Financial decreases further 0.02% - underperforming 84% of stocks 15 January 2018 18:23 EST
NEWS BITES - NORTH AMERICA
This is an end of day Alert, produced after today's Canadian market close. It concludes the BSS News Bites intra-day Alert series (summaries below).
Intact Financial, Canada's 3rd largest insurance - property & casualty company by market capitalisation, has decreased 52.0c (or 0.5%) today to trade at CAD102.08 and has underperformed 84% of the market in the past month. Compared with the S&P/TSX 60 Index which rose 2.6 points (or 0.3%) in the day, this represented a relative price change of -0.8%.
Technical indicators complementing today's significant downtrend:
+ The negative 0.73 MACD (Moving Average Convergence Divergence) indicator suggests a bearish signal.
+ The price decreased 1.5% in the last week and dropped 3.9% in the last month.
Fundamental measures by comparison with the sector average [in brackets] indicate:
+ Price/Sales of 1.3 [0.3]
+ Price to Book of 4.2 [0.6]
Other Bearish Signals include:
+ Net profit margin has averaged 7.1% in the last 3 years. This is lower than the sector average of 10.1% and suggests a low margin of safety.
Intact Financial today is at a discount of 6.1% to the 12-month high of CAD108.68 on 27 Nov, 2017. It is at a premium of 14.6% to the 12-month low of CAD89.05 on 08 Feb, 2017.
In the last three months the stock has hit a new 52-week high eleven times, pointing to a significant uptrend.
The company is cash rich with Cash to Market Capitalisation at 63.6%.
Interest cover is less leveraged at 10.5 times.
Tobin's Q Ratio is 0.6. Compared with the rest of the market the stock is undervalued.
As per the Du Pont analysis, Return on Equity of 8.9% is better than sector average of 0.3%.
Afternoon Alert: Intact Financial decreases 0.5% - underperforming 89% of stocks
15 January 2018 14:45 EST
Intact Financial Corp. (TSX:IFC) has decreased 50.0c (or 0.5%) today to trade at CAD102.10 and has underperformed 89% of the market in the past month.
Intact Financial Corp. (T:IFC; TSE:IFC; N:IFC; CN:IFC)
CIK: Intact Financial Corp.