Analysts Set CI Financial Corp. (TSE:CIX) PT at C$19.38

Shares of CI Financial Corp. (TSE:CIX) have earned a consensus recommendation of “Moderate Buy” from the eight research firms that are currently covering the stock, MarketBeat Ratings reports. Four research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is C$19.38.

A number of equities research analysts have commented on CIX shares. Jefferies Financial Group raised their price objective on CI Financial from C$19.00 to C$20.00 in a research note on Monday, July 29th. TD Securities reduced their price target on shares of CI Financial from C$21.00 to C$20.00 and set a “buy” rating for the company in a research report on Wednesday, July 17th.

CI Financial Stock Up 0.6 %

Shares of TSE CIX opened at C$17.66 on Friday. The company’s 50 day moving average price is C$16.52 and its 200-day moving average price is C$16.05. The company has a debt-to-equity ratio of 577.47, a quick ratio of 0.17 and a current ratio of 0.34. CI Financial has a 52-week low of C$12.51 and a 52-week high of C$17.74. The company has a market capitalization of C$2.58 billion, a P/E ratio of -65.41, a price-to-earnings-growth ratio of 0.04 and a beta of 1.67.

CI Financial (TSE:CIX) last announced its quarterly earnings data on Thursday, August 8th. The company reported C$0.90 earnings per share (EPS) for the quarter. The company had revenue of C$985.96 million for the quarter. CI Financial had a negative return on equity of 4.48% and a negative net margin of 1.54%. Equities analysts forecast that CI Financial will post 4.0092166 earnings per share for the current year.

CI Financial Company Profile

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.