CI Financial (NYSE:CIXXF) Stock Rating Lowered by Barclays

CI Financial (NYSE:CIXXFGet Rating) was downgraded by investment analysts at Barclays from an “overweight” rating to an “equal weight” rating in a research note issued to investors on Friday, The Fly reports.

CI Financial Trading Down 17.8 %

NYSE:CIXXF opened at $9.43 on Friday. CI Financial has a twelve month low of $8.50 and a twelve month high of $13.84. The company has a debt-to-equity ratio of 2.49, a quick ratio of 0.56 and a current ratio of 0.56. The firm’s 50-day simple moving average is $9.66. The company has a market cap of $1.76 billion, a price-to-earnings ratio of 7.86, a price-to-earnings-growth ratio of 0.46 and a beta of 1.26.

CI Financial (NYSE:CIXXFGet Rating) last announced its earnings results on Friday, February 24th. The company reported $0.54 EPS for the quarter. CI Financial had a net margin of 13.14% and a return on equity of 34.97%. The company had revenue of $456.93 million during the quarter. On average, research analysts forecast that CI Financial will post 2.56 earnings per share for the current year.

CI Financial Company Profile

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CI Financial Corp. is an independent company offering global asset management and wealth management advisory services. It operates through the following business segments: Asset Management and Wealth Management. The Asset Management segment provides the majority of CI’s income and derives its revenue principally from the fees earned on the management of investment funds and other fee-earning investment products.

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