Update shared on27 Aug 2025
Fair value Increased 1.91%Analysts have raised IGM Financial’s price target to CA$53.43, citing improved execution, stabilized net flows, and better operating results, though ongoing market pressures lead to only cautious optimism.
Analyst Commentary
- Improved execution and completed turnarounds at both Wealth Management and Asset Management units have stabilized net flows.
- Bullish analysts are responding to upward revisions in earnings forecasts driven by better-than-expected operating results.
- Ongoing market volatility and persistent fee compression continue to temper expectations, keeping some analysts neutral.
- The asset management sector as a whole remains under cautious scrutiny due to macroeconomic uncertainty.
- Incremental price target increases reflect cautious optimism about IGM’s ability to navigate sector challenges and maintain operational stability.
What's in the News
- Scotiabank has raised its price target for IGM Financial to C$56 from C$51, maintaining a Sector Perform rating (Periodicals).
- IGM Financial repurchased 804,400 shares between April 1 and June 30, 2025, representing 0.34% of outstanding shares for CAD 34.9 million (Key Developments).
- The total repurchase under the current share buyback, announced December 19, 2024, has reached 2,647,500 shares, or 1.11% of shares outstanding, for CAD 117.77 million (Key Developments).
- The ongoing share buyback shows continued capital management and a potential effort to boost shareholder value (Key Developments).
- Analyst price target upgrade and buyback completion may signal confidence in IGM Financial’s near-term financial health and prospects (Periodicals/Key Developments).
Valuation Changes
Summary of Valuation Changes for IGM Financial
- The Consensus Analyst Price Target remained effectively unchanged, moving only marginally from CA$52.43 to CA$53.43.
- The Consensus Revenue Growth forecasts for IGM Financial has significantly risen from -0.9% per annum to -0.7% per annum.
- The Net Profit Margin for IGM Financial has significantly risen from 24.63% to 27.36%.
Disclaimer
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