Keefe, Bruyette & Woods Cuts CI Financial (TSE:CIX) Price Target to C$21.00

CI Financial (TSE:CIXGet Free Report) had its target price lowered by equities researchers at Keefe, Bruyette & Woods from C$22.00 to C$21.00 in a research report issued on Monday, BayStreet.CA reports. The brokerage presently has a “sector perform” rating on the stock. Keefe, Bruyette & Woods’ price target points to a potential upside of 43.74% from the company’s current price.

Other equities analysts have also recently issued reports about the company. Jefferies Financial Group reduced their target price on CI Financial from C$20.00 to C$19.00 and set a “buy” rating for the company in a research report on Monday. Raymond James upgraded CI Financial from a “market perform” rating to an “outperform” rating and upped their price objective for the stock from C$20.00 to C$21.00 in a report on Monday. BMO Capital Markets cut their price objective on CI Financial from C$19.00 to C$17.00 and set an “outperform” rating for the company in a report on Monday. Royal Bank of Canada cut their price objective on CI Financial from C$20.00 to C$18.00 and set a “sector perform” rating for the company in a report on Monday. Finally, TD Securities upgraded CI Financial from a “buy” rating to an “action list buy” rating and upped their price objective for the stock from C$21.00 to C$23.00 in a report on Monday, February 26th. Five equities research 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 stock. According to MarketBeat.com, CI Financial currently has a consensus rating of “Moderate Buy” and an average target price of C$19.56.

View Our Latest Stock Report on CI Financial

CI Financial Price Performance

CI Financial stock opened at C$14.61 on Monday. CI Financial has a 52 week low of C$12.17 and a 52 week high of C$17.73. The business has a 50-day simple moving average of C$16.66 and a 200 day simple moving average of C$15.63. The company has a quick ratio of 0.17, a current ratio of 0.47 and a debt-to-equity ratio of 151.13. The stock has a market cap of C$2.21 billion, a price-to-earnings ratio of 41.74, a PEG ratio of 0.96 and a beta of 1.63.

CI Financial (TSE:CIXGet Free Report) last posted its earnings results on Friday, February 23rd. The company reported C$0.81 EPS for the quarter, topping the consensus estimate of C$0.73 by C$0.08. CI Financial had a return on equity of 0.29% and a net margin of 0.16%. The business had revenue of C$715.60 million during the quarter, compared to analysts’ expectations of C$656.72 million. On average, research analysts forecast that CI Financial will post 3.6526055 earnings per share for the current fiscal year.

CI Financial Company Profile

(Get Free Report)

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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