CI Financial Corp. (TSE:CIX - Get Free Report)'s share price hit a new 52-week high during trading on Friday . The company traded as high as C$21.86 and last traded at C$21.86, with a volume of 141251 shares changing hands. The stock had previously closed at C$21.63.
Analyst Ratings Changes
CIX has been the subject of a number of research reports. Jefferies Financial Group increased their price objective on CI Financial from C$19.00 to C$20.00 in a report on Monday, July 29th. TD Securities decreased their price target on shares of 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. Four analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, CI Financial has an average rating of "Moderate Buy" and an average price target of C$19.38.
Get Our Latest Stock Analysis on CI Financial
CI Financial Stock Performance
The stock has a market capitalization of C$3.09 billion, a P/E ratio of -80.93, a P/E/G ratio of 0.04 and a beta of 1.67. The stock has a 50 day simple moving average of C$18.46 and a two-hundred day simple moving average of C$16.56. 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 released its quarterly earnings data on Thursday, August 8th. The company reported C$0.90 EPS for the quarter. The company had revenue of C$985.96 million during the quarter. CI Financial had a negative return on equity of 4.48% and a negative net margin of 1.54%. On average, equities analysts forecast that CI Financial Corp. will post 4.010142 EPS 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.
Further Reading
Before you consider CI Financial, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and CI Financial wasn't on the list.
While CI Financial currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Options trading isn’t just for the Wall Street elite; it’s an accessible strategy for anyone armed with the proper knowledge. Think of options as a strategic toolkit, with each tool designed for a specific financial task. Keep reading to learn how options trading can help you use the market’s volatility to your advantage.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
