CI Financial Corp. (TSE:CIX) Receives C$20.25 Average Price Target from Analysts

CI Financial Corp. (TSE:CIX) has been given a consensus rating of “Moderate Buy” by the eight analysts that are currently covering the firm, MarketBeat reports. Four equities research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is C$20.25.

CIX has been the topic of several analyst reports. Jefferies Financial Group upped their price objective on CI Financial from C$20.00 to C$27.00 and gave the company a “buy” rating in a research note on Friday, November 1st. TD Securities dropped their price objective on CI Financial from C$21.00 to C$20.00 and set a “buy” rating for the company in a research note on Wednesday, July 17th.

CI Financial Stock Up 3.1 %

CIX opened at C$23.83 on Monday. The business has a 50 day moving average of C$19.33 and a 200-day moving average of C$16.84. The stock has a market capitalization of C$3.37 billion, a price-to-earnings ratio of -88.26, a P/E/G ratio of 0.04 and a beta of 1.67. The company has a current ratio of 0.34, a quick ratio of 0.17 and a debt-to-equity ratio of 577.47. CI Financial has a 1-year low of C$13.39 and a 1-year high of C$23.86.

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 business had revenue of C$985.96 million during the quarter. As a group, sell-side analysts anticipate that CI Financial will post 4.010142 earnings per share 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.