CI Financial (CIX) Price Target Cut to C$20.00 by Analysts at Desjardins

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CI Financial (TSE:CIX) had its target price cut by Desjardins from C$21.00 to C$20.00 in a research report sent to investors on Monday. Desjardins also issued estimates for CI Financial’s FY2020 earnings at $2.45 EPS.

A number of other research firms have also recently weighed in on CIX. BMO Capital Markets cut their price target on CI Financial from C$26.00 to C$25.00 in a report on Monday, October 29th. CIBC cut their target price on shares of CI Financial from C$25.00 to C$21.00 in a research report on Tuesday, October 30th. Royal Bank of Canada cut their price objective on shares of CI Financial from C$20.00 to C$17.00 in a research report on Tuesday, January 15th. Barclays decreased their price objective on shares of CI Financial from C$21.00 to C$19.00 in a research note on Monday, January 21st. Finally, Canaccord Genuity cut their target price on shares of CI Financial from C$27.00 to C$23.00 in a report on Monday, October 29th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the company’s stock. CI Financial presently has an average rating of Hold and an average price target of C$21.75.

CIX opened at C$18.50 on Monday. The company has a market cap of $4.46 billion and a price-to-earnings ratio of 8.69. CI Financial has a 52 week low of C$16.47 and a 52 week high of C$29.10. The company has a quick ratio of 0.48, a current ratio of 0.81 and a debt-to-equity ratio of 100.21.

CI Financial (TSE:CIX) last posted its quarterly earnings data on Thursday, November 8th. The company reported C$0.62 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.60 by C$0.02. The business had revenue of C$569.00 million for the quarter. On average, equities research analysts expect that CI Financial will post 2.3100000024973 earnings per share for the current fiscal 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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Analyst Recommendations for CI Financial (TSE:CIX)

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