CI Financial Corp (TSE:CIX) – Research analysts at Desjardins dropped their FY2019 earnings estimates for shares of CI Financial in a research report issued on Thursday, November 8th. Desjardins analyst G. Ho now anticipates that the company will earn $2.40 per share for the year, down from their previous estimate of $2.42.

Several other equities research analysts have also recently commented on CIX. Canaccord Genuity cut their price objective on shares of CI Financial from C$30.00 to C$27.00 in a research report on Tuesday, July 31st. TD Securities cut their price objective on shares of CI Financial from C$25.00 to C$24.00 in a research report on Friday, August 10th. BMO Capital Markets cut their price objective on shares of CI Financial from C$29.00 to C$26.00 in a research report on Friday, August 10th. Royal Bank of Canada cut their price objective on shares of CI Financial from C$25.00 to C$22.00 and set an “underperform” rating on the stock in a research report on Friday, August 10th. Finally, Barclays cut shares of CI Financial from an “overweight” rating to an “equal weight” rating and cut their price objective for the company from C$29.00 to C$24.00 in a research report on Friday, August 10th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of C$23.13.

CIX opened at C$19.92 on Monday. CI Financial has a 12 month low of C$18.38 and a 12 month high of C$30.23. The company has a debt-to-equity ratio of 100.21, a quick ratio of 0.48 and a current ratio of 0.81.

In other CI Financial news, Director Roy Ratnavel purchased 10,000 shares of the stock in a transaction on Monday, August 20th. The shares were purchased at an average cost of C$21.55 per share, for a total transaction of C$215,500.00. Also, insider Douglas J.R. Jamieson purchased 1,800 shares of the stock in a transaction on Wednesday, September 5th. The stock was acquired at an average price of C$20.59 per share, for a total transaction of C$37,062.00. Insiders acquired a total of 161,800 shares of company stock worth $3,195,062 over the last quarter.

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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Earnings History and Estimates for CI Financial (TSE:CIX)

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