CI Financial Corp. (TSE:CIX - Get Free Report) shares hit a new 52-week high on Tuesday . The stock traded as high as C$21.32 and last traded at C$21.10, with a volume of 45801 shares. The stock had previously closed at C$21.22.
Wall Street Analyst Weigh In
Several equities research analysts have recently weighed in on CIX shares. Jefferies Financial Group increased their target price on shares of CI Financial from C$19.00 to C$20.00 in a research note on Monday, July 29th. TD Securities reduced their price objective 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. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of C$19.38.
View Our Latest Research Report on CIX
CI Financial Stock Performance
The stock's 50-day moving average price is C$17.59 and its 200-day moving average price is C$16.33. 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 capitalization of C$2.97 billion, a price-to-earnings ratio of -77.93, a P/E/G ratio of 0.04 and a beta of 1.67.
CI Financial (TSE:CIX - Get Free Report) last posted its quarterly earnings results on Thursday, August 8th. The company reported C$0.90 earnings per share (EPS) for the quarter. CI Financial had a negative net margin of 1.54% and a negative return on equity of 4.48%. The company had revenue of C$985.96 million during the quarter. As a group, equities research analysts expect that CI Financial Corp. will post 4.010142 earnings per share for the current year.
CI Financial Company Profile
(
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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