CI Financial (TSE:CIX) Sets New 12-Month High at $18.54

CI Financial Corp. (TSE:CIX) hit a new 52-week high during trading on Monday . The stock traded as high as C$18.54 and last traded at C$18.51, with a volume of 32901 shares trading hands. The stock had previously closed at C$18.41.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on CIX shares. TD Securities cut their price target on CI Financial from C$21.00 to C$20.00 and set a “buy” rating for the company in a report on Wednesday, July 17th. Jefferies Financial Group boosted their price objective on shares of CI Financial from C$19.00 to C$20.00 in a research note on Monday, July 29th. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, CI Financial presently has a consensus rating of “Moderate Buy” and an average price target of C$19.38.

CI Financial Trading Down 0.2 %

The company’s 50 day moving average price is C$16.95 and its 200 day moving average price is C$16.12. The company has a debt-to-equity ratio of 577.47, a quick ratio of 0.17 and a current ratio of 0.34. The company has a market cap of C$2.68 billion, a price-to-earnings ratio of -68.07, a price-to-earnings-growth ratio of 0.04 and a beta of 1.67.

CI Financial (TSE:CIX) last released its earnings results on Thursday, August 8th. The company reported C$0.90 earnings per share for the quarter. CI Financial had a negative net margin of 1.54% and a negative return on equity of 4.48%. The firm had revenue of C$985.96 million during the quarter. Research analysts anticipate that CI Financial Corp. will post 4.010917 EPS for the current 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.