CI Financial Corp. (TSE:CIX – Get Free Report) has been assigned a consensus rating of “Hold” from the nine brokerages that are covering the company, MarketBeat.com reports. Six investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating on the company. The average 12 month target price among analysts that have covered the stock in the last year is C$19.50.
Several brokerages have issued reports on CIX. CIBC lifted their target price on shares of CI Financial from C$15.00 to C$17.50 and gave the stock a “neutral” rating in a report on Monday, January 29th. Raymond James set a C$19.00 price objective on shares of CI Financial and gave the company a “market perform” rating in a report on Thursday, February 22nd. Royal Bank of Canada increased their price objective on shares of CI Financial from C$18.00 to C$19.00 and gave the company a “sector perform” rating in a research report on Monday, February 26th. BMO Capital Markets increased their price target on CI Financial from C$17.00 to C$18.00 and gave the company a “market perform” rating in a report on Monday, February 26th. Finally, Jefferies Financial Group lifted their price objective on CI Financial from C$19.00 to C$20.00 and gave the stock a “buy” rating in a report on Monday, February 26th.
Get Our Latest Research Report on CI Financial
Hedge Funds Weigh In On CI Financial
CI Financial Trading Up 1.1 %
CIX opened at C$16.33 on Thursday. The company has a quick ratio of 0.17, a current ratio of 0.47 and a debt-to-equity ratio of 151.13. CI Financial has a 52 week low of C$12.01 and a 52 week high of C$18.69. The stock has a market cap of C$2.51 billion, a PE ratio of 46.66, a PEG ratio of 0.96 and a beta of 1.64. The business has a 50 day moving average of C$16.69 and a 200-day moving average of C$15.39.
CI Financial (TSE:CIX – Get Free Report) last released its earnings results on Friday, February 23rd. The company reported C$0.81 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.73 by C$0.08. The firm had revenue of C$715.60 million for the quarter, compared to the consensus estimate of C$656.72 million. CI Financial had a net margin of 0.16% and a return on equity of 0.29%. Equities research analysts predict that CI Financial will post 3.5093946 earnings per share for the current fiscal year.
About CI Financial
CI Financial Corp. is a publicly owned asset management holding company. Through its subsidiaries, the firm manages separate client focused equity, fixed income, and alternative investments portfolios. It also manages mutual funds, hedge funds, and fund of funds for its clients through its subsidiaries.
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