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

TSE:CIX

13.67

0.16 (1.16%) 1d

Showing 1 to 15 of 267 entries

DON'T BUY

Dividend pays 4.8% and trades at a low PE, but CIX's asets are down in this market. Usually, fixed income offsets weakness in stocks, but not now. They've made lots of acquisitions, some of which are closing soon, and have taken on a lot of debt. They could spin off some US assets, but doubt it can happen in this economy. They need to digest those new companies and not buy more. CIX won't do much for a while.

investment companies / funds

Unspecified

There has been a big decline so far. The fair market value is strong, the balance sheet is fine and it is well run. There is good technical support at $15 but it could go to $12.

investment companies / funds

DON'T BUY

A lot of corporate activity is changing the company. Stock price is trading fairly cheap. Better names to invest in. Strong dividend with good management. Would prefer Canadian banks, energy and sold off tech stocks.

investment companies / funds

TOP PICK

The financials have pulled back, especially the asset managers like this one. It's down 40% since last year. CIX is an astute player by buying the RIA's in the States. Shares have declined because of worries of the debt that's come with buying these firms, but this will pay off over time--a stickier client base and higher margins. Expect CIX to spin-off these RIA's down the road. CIX is trading at 8x earnings and 4-5x operating cash flow. Management is buying back a lot of shares. (Analysts’ price target is $27.89)

investment companies / funds

BUY

Billy Kawasaki’s Insights - Billy’s most-liked answers from 5i Research. Good income stock. Management team is competent and the dividend is attractive. The stock is very cheap and will do well if the markets recover. Low and declining margins, competition and other growth factors remain a concern. Has high leverage to capital markets. Trading at less than 6x earnings, which is very reasonable. Unlock Premium - Try 5i Free

investment companies / funds

BUY on WEAKNESS

Billy Kawasaki’s Insights - Billy’s most-liked answers from 5i Research. The company has not done anything wrong. The stock is very cheap at 6x earnings. Yield around 3.3%. It is sensitive to the market as an asset manager. The company is getting attractive in the low $20. Unlock Premium - Try 5i Free

investment companies / funds

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

Showing 1 to 15 of 267 entries

CI Financial Corp(CIX-T) Rating

Ranking : 4 out of 5

Bullish - Buy Signals / Votes : 7

Neutral - Hold Signals / Votes : 0

Bearish - Sell Signals / Votes : 3

Total Signals / Votes : 10

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, 10 stock analysts published opinions about CIX-T. 7 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?

10 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 2022-06-30, CI Financial Corp (CIX-T) stock closed at a price of $13.67.

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