CI Financial Corp. (TSE:CIX - Get Free Report)'s share price hit a new 52-week high during mid-day trading on Monday . The stock traded as high as C$19.70 and last traded at C$19.68, with a volume of 180193 shares changing hands. The stock had previously closed at C$19.32.
Analyst Upgrades and Downgrades
Several equities research analysts recently commented on CIX shares. Jefferies Financial Group lifted their price target on shares of CI Financial from C$19.00 to C$20.00 in a research note on Monday, July 29th. TD Securities cut their target price on CI Financial from C$21.00 to C$20.00 and set a "buy" rating on the stock in a research report on Wednesday, July 17th. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of C$19.38.
Get Our Latest Stock Report on CI Financial
CI Financial Stock Up 2.3 %
The firm has a market capitalization of C$2.89 billion, a PE ratio of -73.22, a PEG ratio of 0.04 and a beta of 1.67. The business's fifty day moving average price is C$17.28 and its 200 day moving average price is C$16.21. The company has a quick ratio of 0.17, a current ratio of 0.34 and a debt-to-equity ratio of 577.47.
CI Financial (TSE:CIX - Get Free Report) last posted its quarterly earnings data on Thursday, August 8th. The company reported C$0.90 EPS for the quarter. CI Financial had a negative return on equity of 4.48% and a negative net margin of 1.54%. The firm had revenue of C$985.96 million during the quarter. On average, equities research analysts forecast that CI Financial Corp. will post 4.010917 earnings per share for the current fiscal year.
About CI Financial
(
Get Free Report)
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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