Buy, Sell or Hold: CI Financial Corp (CIX-T) — Stock Predictions at Stockchase

TSE:CIX

23.12

0.49 (2.08%) 1d

Showing 1 to 15 of 261 entries

DON'T BUY

Companies like CI are are transitioning from high-cost mutual funds to another style of management. ETFs cost a fraction of mutual funds, which offer huge competition to CI's roster of products. And people are bombarded by TV ads urging them to manage your own wealth, which is not a good idea. CI needs to transition, namely buying wealth management companies across North America to diversify their portfolio. They;'re buying back a lot of shares, which signals that they have little idea what to do with their cash. The mutual fund model is a dinosaur.

investment companies / funds

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PAST TOP PICK

(A Top Pick Feb 04/21, Up 34.9%)Stockchase Research Editor: Michael O’Reilly Our PAST TOP PICK with CIX has triggered its stop at $23.50. To remain disciplined, we recommend covering the position at this time.

investment companies / funds

BUY

Has always been a good long-term hold. Model price of $57, 110% upside. Nice dividend of 2.65%. Risk/reward is quite good. More acquisitive in the last 6 months, good long-term strategy.

investment companies / funds

BUY

Really likes the investment management sector. It should be pretty good business in a time of a decent market and reflation. When a group gets into gear, you want to look at the leaders.

investment companies / funds

BUY

Really likes the investment management sector. It should be pretty good business in a time of a decent market and reflation. When a group gets into gear, you want to look at the leaders.

investment companies / funds

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PAST TOP PICK

(A Top Pick Feb 04/21, Up 38.8%)Stockchase Research Editor: Michael O'Reilly Our PAST TOP PICK with CIX is progressing well. We now recommend trailing up the stop (from $12.50) to $23.50 -- the previous upside objective. If triggered this would all but guarantee a investment return over 34%.

investment companies / funds

WATCH

They acquire a lot of businesses, especially in the U.S. investment advsiors, and are shifting from mutual funds to private investment advisory. This will be a powerful platform. The stock has been languishing below $20 for a long time, especially in 2020. When markets go down, asset managers go down more, and rise more than markets rising. However, CI goes down, but not up. CIX has a bright future though; it pays a solid dividend. Will their legacy business, which has been declining, level out at some point? He keeps watching it.

investment companies / funds

DON'T BUY

He was stopped out. Their return metrics are deteriorating. They are in an industry with a lot of challenges. They have navigated these challenges well, however. He thinks perhaps this is a bit of a value trap as their top line has not really grown and they have made acquisitions. He prefers others.

investment companies / funds

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TOP PICK

Stockchase Research Editor: Michael O'Reilly CIX is a Canadian financial asset management company who manages mutual and various hedge funds. It trades a just over 7x earnings, compared to a sector average of 14x. There has been a sizable increase in insider buying over the past three months. It pays a good dividend backed by a payout ratio of 30% of cash flow. We would buy this with a stop-loss at $12.50, looking to achieve $23.50 -- upside potential over 34%. Yield 4.12% (Analysts’ price target is $23.17)

investment companies / funds

WAIT

He's on the fence. Strategically, now going in the right direction away from low-fee asset management. But they've been on a real spree of acquisitions. Wait and see if they get a return on investment dollars. A show-me story.

investment companies / funds

DON'T BUY

Wouldn't buy. On the surface, yield of 4.6% appears competitive. Cut the dividend by 50% in 2018. Strategically making the right moves by making acquisitions into high net worth asset management, which has better demographics and margins. But what's the return going to be? Earnings have flatlined. Value trap.

investment companies / funds

PAST TOP PICK

(A Top Pick May 02/19, Down 25%) He got stopped out. It was a value play. It was cheap at $15. He doesn't know how retailer investors will respond to this current uncertainty. The mutual fund business was facing headwinds before the pandemic. He won't buy back his shares.

investment companies / funds

DON'T BUY

It's cheap and a pretty well run business, but the mutual fund business is not as good as it was 10-15 years ago. Fees in the financial services sector are under pressure. The long term challenges in the industry would keep him away from the stock.

investment companies / funds

BUY on WEAKNESS

A big Canadian mutual fund company. A go-go stock for many years and a fast-grower, but is now under pressure like the sector. Still produces a lot of fresh cash flow. It's in trading range of $18-23. Pays a nice dividend.

investment companies / funds

WEAK BUY

Optimal period is between October and February. Positive in 15 of last 20 periods. Charts show a downtrend. We have a breakout. Trading above moving averages, has momentum. New trend should carry it higher. Technicals do look supportive.

investment companies / funds

Showing 1 to 15 of 261 entries

CI Financial Corp(CIX-T) Rating

Ranking : 4 out of 5

Bullish - Buy Signals / Votes : 5

Neutral - Hold Signals / Votes : 0

Bearish - Sell Signals / Votes : 3

Total Signals / Votes : 8

Stockchase rating for CI Financial Corp is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.

CI Financial Corp(CIX-T) Frequently Asked Questions

What is CI Financial Corp stock symbol?

CI Financial Corp is a Canadian stock, trading under the symbol CIX-T on the Toronto Stock Exchange (CIX-CT). It is usually referred to as TSX:CIX or CIX-T

Is CI Financial Corp a buy or a sell?

In the last year, 8 stock analysts published opinions about CIX-T. 5 analysts recommended to BUY the stock. 3 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for CI Financial Corp.

Is CI Financial Corp a good investment or a top pick?

CI Financial Corp was recommended as a Top Pick by on . Read the latest stock experts ratings for CI Financial Corp.

Why is CI Financial Corp stock dropping?

Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.

Is CI Financial Corp worth watching?

8 stock analysts on Stockchase covered CI Financial Corp In the last year. It is a trending stock that is worth watching.

What is CI Financial Corp stock price?

On 2022-01-26, CI Financial Corp (CIX-T) stock closed at a price of $23.12.

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