CI Financial (TSE:CIX) PT Lowered to C$21.00 at Keefe, Bruyette & Woods

CI Financial (TSE:CIX - Free Report) had its price target trimmed by Keefe, Bruyette & Woods from C$22.00 to C$21.00 in a research note released on Monday, BayStreet.CA reports. The brokerage currently has a sector perform rating on the stock.

A number of other research analysts have also issued reports on CIX. TD Securities upgraded CI Financial from a buy rating to an action list buy rating and increased their target price for the company from C$21.00 to C$23.00 in a research report on Monday, February 26th. BMO Capital Markets lowered their target price on shares of CI Financial from C$19.00 to C$17.00 and set an outperform rating on the stock in a research note on Monday. Royal Bank of Canada dropped their target price on shares of CI Financial from C$20.00 to C$18.00 and set a sector perform rating for the company in a report on Monday. Scotiabank raised their price target on shares of CI Financial from C$20.00 to C$21.00 and gave the stock a sector perform rating in a research note on Tuesday, April 30th. Finally, Jefferies Financial Group dropped their price objective on shares of CI Financial from C$20.00 to C$19.00 and set a buy rating for the company in a research note on Monday. Five investment analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of Moderate Buy and an average price target of C$19.56.

CI Financial Stock Performance

Shares of CIX stock traded up C$0.13 on Monday, hitting C$14.85. The company had a trading volume of 597,702 shares, compared to its average volume of 389,330. CI Financial has a twelve month low of C$12.17 and a twelve month high of C$17.73. The firm has a market cap of C$2.25 billion, a P/E ratio of 42.43, a price-to-earnings-growth ratio of 0.96 and a beta of 1.63. The company has a 50-day moving average price of C$16.74 and a 200-day moving average price of C$15.60. The company has a quick ratio of 0.17, a current ratio of 0.47 and a debt-to-equity ratio of 151.13.

CI Financial (TSE:CIX - Get Free Report) last posted its earnings results on Friday, February 23rd. The company reported C$0.81 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.73 by C$0.08. CI Financial had a net margin of 0.16% and a return on equity of 0.29%. The firm had revenue of C$715.60 million during the quarter, compared to analysts' expectations of C$656.72 million. As a group, equities research analysts predict that CI Financial will post 3.6526055 earnings per share for the current fiscal 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.