Cineplex Inc (TSE:CGX) has received an average rating of “Buy” from the eight research firms that are covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold rating and five have issued a buy rating on the company. The average 12 month target price among analysts that have covered the stock in the last year is C$31.07.
Several equities analysts recently issued reports on CGX shares. CIBC reduced their price objective on Cineplex from C$30.00 to C$27.50 in a research note on Friday, May 3rd. Echelon Wealth Partners restated a “buy” rating on shares of Cineplex in a research note on Tuesday, April 30th. TD Securities reduced their price objective on Cineplex from C$35.00 to C$33.00 and set a “buy” rating on the stock in a research note on Monday, May 13th. Finally, Raymond James set a C$31.00 price objective on Cineplex and gave the stock an “outperform” rating in a research note on Tuesday, April 30th.
Shares of Cineplex stock traded up C$0.02 on Friday, hitting C$22.64. 45,840 shares of the company’s stock traded hands, compared to its average volume of 233,255. The firm has a market capitalization of $1.47 billion and a PE ratio of 26.34. The company has a current ratio of 0.37, a quick ratio of 0.27 and a debt-to-equity ratio of 318.99. The business’s 50-day simple moving average is C$24.31. Cineplex has a 52-week low of C$22.34 and a 52-week high of C$36.65.
Cineplex (TSE:CGX) last released its earnings results on Thursday, May 9th. The company reported C($0.12) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of C($0.04) by C($0.08). The firm had revenue of C$364.94 million during the quarter, compared to the consensus estimate of C$363.75 million. As a group, equities research analysts predict that Cineplex will post 0.91 earnings per share for the current fiscal year.
The firm also recently declared a monthly dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Friday, June 28th will be issued a dividend of $0.15 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 7.95%. This is a positive change from Cineplex’s previous monthly dividend of $0.15. The ex-dividend date is Thursday, June 27th. Cineplex’s dividend payout ratio (DPR) is 201.74%.
Cineplex Inc, through its subsidiaries, operates as an entertainment and media company in Canada and internationally. It operates through three segments: Film Entertainment and Content, Media, and Amusement and Leisure. The Film Entertainment and Content segment operates film theatres; and provides food and in-theatre amusement services, as well as rents theatre and digital commerce.
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