Cineplex Inc. (TSE:CGX - Free Report) - Stock analysts at National Bank Financial dropped their FY2024 EPS estimates for shares of Cineplex in a note issued to investors on Wednesday, November 6th. National Bank Financial analyst A. Shine now expects that the company will post earnings of ($0.35) per share for the year, down from their previous estimate of $0.42. The consensus estimate for Cineplex's current full-year earnings is $1.08 per share.
CGX has been the subject of several other research reports. Desjardins boosted their price target on Cineplex from C$52.00 to C$53.00 and gave the company a "buy" rating in a research note on Thursday, August 1st. Royal Bank of Canada decreased their target price on shares of Cineplex from C$14.00 to C$13.00 in a research report on Wednesday, July 24th. TD Securities raised their price target on shares of Cineplex from C$14.00 to C$16.00 and gave the company a "buy" rating in a report on Friday, August 16th. Scotiabank lifted their price objective on shares of Cineplex from C$10.00 to C$12.00 and gave the company an "outperform" rating in a research note on Monday, August 12th. Finally, Canaccord Genuity Group increased their target price on shares of Cineplex from C$11.50 to C$12.00 in a research report on Thursday, October 17th. One research analyst has rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of C$18.71.
View Our Latest Stock Report on CGX
Cineplex Stock Down 2.7 %
Shares of TSE CGX traded down C$0.28 during mid-day trading on Monday, reaching C$10.10. The company had a trading volume of 255,329 shares, compared to its average volume of 350,559. The company has a market capitalization of C$643.17 million, a price-to-earnings ratio of -9.27, a PEG ratio of 0.30 and a beta of 2.74. The company has a debt-to-equity ratio of 30,533.69, a quick ratio of 0.22 and a current ratio of 0.36. The stock has a fifty day moving average of C$10.56 and a two-hundred day moving average of C$9.29. Cineplex has a 12-month low of C$7.10 and a 12-month high of C$11.16.
Cineplex (TSE:CGX - Get Free Report) last announced its quarterly earnings data on Friday, August 9th. The company reported C($0.33) EPS for the quarter. The firm had revenue of C$277.34 million during the quarter, compared to the consensus estimate of C$283.90 million.
About Cineplex
(
Get Free Report)
Cineplex Inc, together with its subsidiaries, operates as an entertainment and media company in Canada and internationally. It operates through three segments: Film Entertainment and Content, Media, and Location-Based Entertainment. The company engages in theatre exhibitions and food service activities; and provision of alternative programming service comprising international film programming, as well as content offered under the Event Cinema brand, including The Metropolitan Opera, sporting events, concerts, and dedicated event screens.
Further Reading
Before you consider Cineplex, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Cineplex wasn't on the list.
While Cineplex currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Which stocks are major institutional investors including hedge funds and endowments buying in today's market? Click the link below and we'll send you MarketBeat's list of thirteen stocks that institutional investors are buying up as quickly as they can.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
