CI Financial (TSE:CIX – Get Free Report) had its price objective increased by analysts at Royal Bank of Canada from C$19.00 to C$20.00 in a note issued to investors on Monday, BayStreet.CA reports. The firm presently has a “sector perform” rating on the stock. Royal Bank of Canada’s price objective points to a potential upside of 23.00% from the stock’s previous close.
Other equities research analysts have also issued research reports about the company. TD Securities raised CI Financial from a “buy” rating to an “action list buy” rating and lifted their price target for the stock from C$21.00 to C$23.00 in a research note on Monday, February 26th. Raymond James set a C$19.00 target price on CI Financial and gave the company a “market perform” rating in a research note on Thursday, February 22nd. Jefferies Financial Group boosted their target price on CI Financial from C$19.00 to C$20.00 and gave the company a “buy” rating in a research note on Monday, February 26th. Scotiabank boosted their target price on CI Financial from C$19.00 to C$20.00 and gave the company a “sector perform” rating in a research note on Monday, February 26th. Finally, BMO Capital Markets boosted their target price on CI Financial from C$17.00 to C$18.00 and gave the company a “market perform” rating in a research note on Monday, February 26th. Six investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, CI Financial has an average rating of “Hold” and a consensus target price of C$19.72.
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CI Financial Stock Performance
CI Financial (TSE:CIX – Get 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. As a group, analysts anticipate that CI Financial will post 3.5093946 EPS for the current year.
CI Financial Company Profile
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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