CI Financial Corp. (TSE:CIX) Given Consensus Recommendation of "Hold" by Brokerages

CI Financial Corp. (TSE:CIX - Get Free Report) has been assigned a consensus rating of "Hold" from the eight analysts that are covering the company, MarketBeat.com reports. Two analysts have rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating on the company. The average 1-year price target among analysts that have covered the stock in the last year is C$27.94.

Separately, Raymond James lowered shares of CI Financial from a "moderate buy" rating to a "strong sell" rating in a report on Thursday, January 23rd.

CI Financial Trading Down 0.7 %

TSE:CIX traded down C$0.22 on Thursday, hitting C$30.68. 701,336 shares of the stock were exchanged, compared to its average volume of 697,411. The stock has a market cap of C$4.42 billion, a PE ratio of -63.96, a PEG ratio of 0.04 and a beta of 1.67. CI Financial has a fifty-two week low of C$13.87 and a fifty-two week high of C$31.48. The company has a current ratio of 0.32, a quick ratio of 0.17 and a debt-to-equity ratio of 506.88. The stock has a fifty day moving average of C$31.24 and a 200-day moving average of C$27.59.

CI Financial Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Tuesday, April 15th will be issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 2.61%. The ex-dividend date of this dividend is Monday, March 31st. CI Financial's dividend payout ratio is presently -166.77%.

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.