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. The firm was founded in 1965 and is based in Toronto, Canada with additional offices in Vancouver, Canada; Calgary, Canada; and Montreal, Canada.
CI Financial Trading Up 4.8 %
Shares of TSE:CIX opened at C$15.80 on Friday. The company has a quick ratio of 0.18, a current ratio of 0.65 and a debt-to-equity ratio of 226.76. The stock's 50 day moving average price is C$14.36 and its two-hundred day moving average price is C$17.46. CI Financial has a 52-week low of C$12.98 and a 52-week high of C$30.88. The stock has a market capitalization of C$3.04 billion and a P/E ratio of 7.45.
CI Financial (TSE:CIX - Get Rating) last posted its quarterly earnings results on Thursday, May 12th. The company reported C$0.85 earnings per share (EPS) for the quarter. The firm had revenue of C$633.75 million for the quarter. On average, analysts anticipate that CI Financial will post 3.4599999 earnings per share for the current fiscal year.
Wall Street Analysts Forecast Growth
A number of analysts have recently issued reports on CIX shares. TD Securities lifted their price objective on shares of CI Financial from C$14.50 to C$15.50 and gave the company a "hold" rating in a research note on Friday. Royal Bank of Canada lowered shares of CI Financial from an "outperform" rating to a "hold" rating and cut their price objective for the stock from C$26.00 to C$19.00 in a report on Monday, May 16th. BMO Capital Markets lowered their target price on CI Financial from C$26.00 to C$25.00 in a research note on Friday, May 13th. Canaccord Genuity Group cut their price target on CI Financial from C$27.50 to C$23.50 in a research note on Monday, May 16th. Finally, Barclays dropped their price objective on CI Financial from C$25.00 to C$22.00 in a report on Friday, July 29th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, CI Financial has an average rating of "Hold" and a consensus price target of C$22.22.