(IGM) IGM Financial - Ratings and Ratios

IGM Financial Inc. operates as a leading Canadian asset management company, primarily through its subsidiaries IG Wealth Management and Mackenzie Investments. The company provides a comprehensive suite of investment management services, including mutual funds, exchange-traded funds (ETFs), and other investment solutions distributed through third-party dealers and financial advisors. Additionally, IGM offers administrative services such as record-keeping and compliance support, as well as insurance products including life insurance and annuities, and banking services like loans and deposits. Established in 1978 and headquartered in Winnipeg, Canada, IGM Financial Inc. is a subsidiary of Power Financial Corporation, a prominent financial services conglomerate.

IGM Financial Inc. serves a diverse client base, including individual investors, institutional clients, and high-net-worth individuals. The companys extensive distribution network and broad range of financial products position it as a key player in Canadas financial services sector. IGM Financial Inc. is committed to delivering tailored financial solutions to meet the evolving needs of its clients.

From a technical perspective, IGMs stock (TO:IGM) shows a last price of 42.76 CAD, with a 20-day average volume of 317,266 shares. The stocks short-term trend, indicated by the SMA 20 (42.49) and SMA 50 (43.43), suggests a potential oversold condition. The ATR of 1.20 highlights moderate volatility, suggesting price swings of approximately 2-3% over the next trading sessions. The SMA 200 (41.78) indicates that the stock is trading above its long-term average, signaling a bullish trend.

From a fundamental perspective, IGM Financial Inc. has a market capitalization of 10,132.93M CAD, with a trailing P/E of 10.69 and a forward P/E of 9.89, indicating undervaluation relative to its earnings expectations. The P/B ratio of 1.26 suggests that the stock is trading at a modest premium to its book value, while the P/S ratio of 2.61 reflects a reasonable valuation relative to its revenue. The return on equity (RoE) of 11.97% highlights the companys strong profitability and efficient use of shareholders equity.

3-Month Forecast:

Based on the technical and fundamental data, IGM Financial Inc.s stock is expected to maintain its bullish momentum, supported by its strong financial performance and attractive valuation metrics. The stock is likely to trade within a range of 40.00 to 45.00 CAD, with potential upside driven by improving investor sentiment and stable earnings growth. The moderate ATR suggests that price fluctuations will remain manageable, making the stock a relatively stable investment option in the near term.