CI Financial Corp (CIX) Given Average Rating of “Hold” by Analysts

Shares of CI Financial Corp (TSE:CIX) have been given an average rating of “Hold” by the eight analysts that are presently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating and two have given a hold rating to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is C$23.13.

A number of equities analysts recently commented on the company. CIBC decreased their target price on CI Financial from C$25.00 to C$21.00 in a report on Tuesday, October 30th. BMO Capital Markets decreased their target price on CI Financial from C$26.00 to C$25.00 in a report on Monday, October 29th. TD Securities raised their target price on CI Financial from C$20.00 to C$21.00 and gave the stock a “hold” rating in a report on Friday, November 9th. Canaccord Genuity decreased their target price on CI Financial from C$27.00 to C$23.00 in a report on Monday, October 29th. Finally, Barclays decreased their target price on CI Financial from C$24.00 to C$21.00 in a report on Friday, October 26th.

Shares of TSE CIX traded down C$0.10 during midday trading on Monday, hitting C$17.63. 547,600 shares of the stock traded hands, compared to its average volume of 504,129. The company has a debt-to-equity ratio of 100.21, a current ratio of 0.81 and a quick ratio of 0.48. CI Financial has a one year low of C$16.47 and a one year high of C$30.23.

CI Financial (TSE:CIX) last released its quarterly earnings results on Thursday, November 8th. The company reported C$0.62 earnings per share for the quarter, beating the consensus estimate of C$0.60 by C$0.02. The firm had revenue of C$569.00 million for the quarter. Research analysts anticipate that CI Financial will post 2.38000023300513 EPS for the current fiscal 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.

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Analyst Recommendations for CI Financial (TSE:CIX)

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