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

CI Financial Corp. (TSE:CIX - Get Free Report) has earned an average recommendation of "Moderate Buy" from the eight ratings firms that are covering the stock, Marketbeat reports. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is C$20.25.

CIX has been the topic of several recent analyst reports. TD Securities reduced their price objective on shares of CI Financial from C$21.00 to C$20.00 and set a "buy" rating on the stock in a research note on Wednesday, July 17th. Jefferies Financial Group lifted their price target on shares of CI Financial from C$20.00 to C$27.00 and gave the stock a "buy" rating in a research report on Friday.

CI Financial Trading Down 0.5 %

CIX stock traded down C$0.11 during midday trading on Monday, reaching C$22.85. The company's stock had a trading volume of 248,804 shares, compared to its average volume of 430,245. The business's 50-day simple moving average is C$19.07 and its 200-day simple moving average is C$16.75. 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 has a 52 week low of C$13.39 and a 52 week high of C$23.33. The stock has a market cap of C$3.23 billion, a PE ratio of -84.48, a price-to-earnings-growth ratio of 0.04 and a beta of 1.67.

CI Financial (TSE:CIX - Get Free Report) last announced its quarterly earnings data on Thursday, August 8th. The company reported C$0.90 EPS for the quarter. The business 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%. As a group, sell-side analysts expect 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.