CI Financial Corp. (TSE:CIX) Receives C$19.38 Consensus Target Price from Brokerages

CI Financial Corp. (TSE:CIX) has been given an average rating of “Moderate Buy” by the eight brokerages that are currently covering the company, MarketBeat Ratings reports. Four research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is C$19.38.

A number of analysts have weighed in on the stock. Jefferies Financial Group increased their target price on shares of CI Financial from C$19.00 to C$20.00 in a research report on Monday, July 29th. TD Securities dropped their target price on shares of CI Financial from C$21.00 to C$20.00 and set a “buy” rating on the stock in a report on Wednesday, July 17th.

CI Financial Stock Up 0.3 %

TSE:CIX opened at C$18.25 on Friday. 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$18.35. The firm’s 50 day simple moving average is C$16.76 and its 200 day simple moving average is C$16.08. The company has a market cap of C$2.67 billion, a PE ratio of -67.59, a P/E/G ratio of 0.04 and a beta of 1.67.

CI Financial (TSE:CIX) last issued its quarterly earnings results on Thursday, August 8th. The company reported C$0.90 EPS for the quarter. The company 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%. On average, research analysts anticipate that CI Financial will post 4.0092166 earnings per share for the current year.

CI Financial Company Profile

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.