CI Financial Corp. (TSE:CIX) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of CI Financial Corp. (TSE:CIX) have been given a consensus rating of “Moderate Buy” by the eight brokerages that are covering the firm, MarketBeat reports. Four analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is C$19.38.

CIX has been the topic of several research analyst reports. Jefferies Financial Group raised their target price on CI Financial from C$19.00 to C$20.00 in a research report on Monday, July 29th. TD Securities lowered their target price on shares of CI Financial from C$21.00 to C$20.00 and set a “buy” rating for the company in a report on Wednesday, July 17th.

CI Financial Price Performance

CI Financial stock opened at C$18.20 on Friday. The company’s 50 day moving average is C$16.64 and its two-hundred day moving average is C$16.06. The firm has a market cap of C$2.66 billion, a PE ratio of -67.41, a price-to-earnings-growth ratio of 0.04 and a beta of 1.67. 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$12.51 and a 52-week high of C$18.23.

CI Financial (TSE:CIX) last posted its quarterly earnings results on Thursday, August 8th. The company reported C$0.90 earnings per share (EPS) for the quarter. The company had revenue of C$985.96 million for the quarter. CI Financial had a negative return on equity of 4.48% and a negative net margin of 1.54%. On average, research analysts expect that CI Financial will post 4.0092166 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.