CI Financial Corp (CIX) Announces Quarterly Results
CI Financial Corp (TSE:CIX) released its earnings data on Friday. The company reported $0.45 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.47 by $0.02, AnalystRatingsNetwork reports.
CI Financial Corp (TSE:CIX) opened at 34.50 on Friday. CI Financial Corp has a 52 week low of $31.14 and a 52 week high of $37.00. The stock’s 50-day moving average is $35.05 and its 200-day moving average is $34.92. The company has a market cap of $9.816 billion and a price-to-earnings ratio of 22.04.
The company also recently declared a Monthly dividend, which is scheduled for Friday, August 15th. Stockholders of record on Friday, August 15th will be given a dividend of $0.10 per share. This represents a yield of 3.46%. The ex-dividend date of this dividend is Tuesday, July 29th.
CIX has been the subject of a number of recent research reports. Analysts at RBC Capital raised their price target on shares of CI Financial Corp from C$40.00 to C$41.00 in a research note on Monday, June 23rd. They now have an “outperform” rating on the stock. On the ratings front, analysts at Scotiabank reiterated a “sector perform” rating on shares of CI Financial Corp in a research note on Wednesday, June 18th. Finally, analysts at Canaccord Genuity upgraded shares of CI Financial Corp from a “hold” rating to a “buy” rating in a research note on Thursday, May 29th. They now have a C$40.00 price target on the stock. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of C$39.97.
CI Financial Corp. (TSE:CIX) is a diversified wealth management and investment fund company.
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