CI Financial (NYSE:CIXXF - Get Free Report) was upgraded by equities research analysts at Raymond James from a "hold" rating to a "moderate buy" rating in a report issued on Sunday, Zacks.com reports.
CI Financial Stock Performance
Shares of NYSE CIXXF remained flat at $10.88 during mid-day trading on Friday. The stock had a trading volume of 20,929 shares, compared to its average volume of 17,587. The stock's 50-day moving average is $12.29 and its 200-day moving average is $11.53. The company has a debt-to-equity ratio of 3.23, a current ratio of 0.33 and a quick ratio of 0.33. The firm has a market capitalization of $1.70 billion, a price-to-earnings ratio of -12.05 and a beta of 1.43. CI Financial has a fifty-two week low of $9.04 and a fifty-two week high of $13.11.
CI Financial (NYSE:CIXXF - Get Free Report) last posted its quarterly earnings data on Friday, February 23rd. The company reported $0.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.54 by $0.06. CI Financial had a positive return on equity of 42.97% and a negative net margin of 6.49%. The firm had revenue of $525.68 million for the quarter, compared to the consensus estimate of $486.16 million. As a group, equities analysts predict that CI Financial will post 2.77 earnings per share for the current fiscal year.
About CI Financial
(
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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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