CI Financial Corp. (TSE:CIX) Given Consensus Rating of "Moderate Buy" by Analysts

Shares of CI Financial Corp. (TSE:CIX - Get Free Report) have been given a consensus recommendation of "Moderate Buy" by the eight brokerages that are covering the firm, Marketbeat.com reports. Four investment 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 analysts that have issued ratings on the stock in the last year is C$19.38.

Several equities research analysts have recently weighed in on CIX shares. Jefferies Financial Group upped their price target on CI Financial from C$19.00 to C$20.00 in a research report on Monday, July 29th. TD Securities decreased their price target 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.

CI Financial Trading Up 2.2 %

Shares of TSE:CIX traded up C$0.45 during mid-day trading on Thursday, hitting C$20.99. The company had a trading volume of 446,883 shares, compared to its average volume of 431,535. The firm has a fifty day moving average price of C$17.42 and a 200 day moving average price of C$16.27. The company has a market capitalization of C$2.96 billion, a PE ratio of -76.07, a price-to-earnings-growth ratio of 0.04 and a beta of 1.67. The company has a debt-to-equity ratio of 577.47, a current ratio of 0.34 and a quick ratio of 0.17. CI Financial has a one year low of C$12.51 and a one year high of C$20.99.

CI Financial (TSE:CIX - Get Free Report) last posted its quarterly earnings data on Thursday, August 8th. The company reported C$0.90 earnings per share (EPS) for the quarter. The firm had revenue of C$985.96 million for the quarter. CI Financial had a negative net margin of 1.54% and a negative return on equity of 4.48%. As a group, research analysts forecast that CI Financial will post 4.010142 EPS 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.