Analysts Set CI Financial Corp. (TSE:CIX) Price Target at C$19.50

CI Financial Corp. (TSE:CIX) has received an average recommendation of “Hold” from the nine ratings firms that are presently covering the stock, MarketBeat reports. Six equities research analysts have rated the stock with a hold recommendation, two have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is C$19.50.

A number of analysts recently issued reports on the company. Jefferies Financial Group increased their price objective on CI Financial from C$19.00 to C$20.00 and gave the stock a “buy” rating in a report on Monday, February 26th. Raymond James set a C$19.00 price objective on CI Financial and gave the stock a “market perform” rating in a report on Thursday, February 22nd. TD Securities raised CI Financial from a “buy” rating to an “action list buy” rating and increased their price objective for the stock from C$21.00 to C$23.00 in a report on Monday, February 26th. Scotiabank increased their price objective on CI Financial from C$19.00 to C$20.00 and gave the stock a “sector perform” rating in a report on Monday, February 26th. Finally, CIBC raised their price target on CI Financial from C$15.00 to C$17.50 and gave the company a “neutral” rating in a report on Monday, January 29th.

CI Financial Stock Down 0.8 %

CIX stock opened at C$16.51 on Thursday. The stock has a fifty day moving average of C$16.75 and a 200-day moving average of C$15.43. The company has a market capitalization of C$2.54 billion, a price-to-earnings ratio of 47.17, a PEG ratio of 0.96 and a beta of 1.64. The company has a debt-to-equity ratio of 151.13, a quick ratio of 0.17 and a current ratio of 0.47. CI Financial has a fifty-two week low of C$12.01 and a fifty-two week high of C$18.69.

CI Financial (TSE:CIX) last issued its quarterly earnings data on Friday, February 23rd. The company reported C$0.81 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.73 by C$0.08. The business had revenue of C$715.60 million for the quarter, compared to analysts’ expectations of C$656.72 million. CI Financial had a return on equity of 0.29% and a net margin of 0.16%. As a group, equities research analysts predict that CI Financial will post 3.5093946 earnings per share 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.