Cineplex (TSE:CGX) Sets New 1-Year High – Should You Buy?

Cineplex Inc. (TSE:CGX)’s share price reached a new 52-week high during trading on Friday . The stock traded as high as C$12.72 and last traded at C$12.71, with a volume of 256114 shares trading hands. The stock had previously closed at C$12.44.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. TD Securities raised Cineplex to a “strong-buy” rating in a report on Friday, July 24th. Canaccord Genuity Group boosted their price target on Cineplex from C$10.50 to C$11.50 and gave the company a “hold” rating in a research note on Tuesday, May 12th. Finally, National Bank Financial decreased their price objective on Cineplex from C$14.00 to C$13.50 and set an “outperform” rating on the stock in a report on Tuesday, May 12th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of C$13.46.

Cineplex Trading Up 3.9%

The company has a debt-to-equity ratio of -1,703.50, a current ratio of 0.37 and a quick ratio of 0.22. The business’s 50-day moving average price is C$11.64 and its two-hundred day moving average price is C$10.88. The company has a market capitalization of C$814.00 million, a price-to-earnings ratio of -35.89, a P/E/G ratio of 0.30 and a beta of 0.35.

Cineplex (TSE:CGX) last issued its quarterly earnings results on Monday, May 11th. The company reported C($0.36) earnings per share (EPS) for the quarter. The company had revenue of C$290.98 million during the quarter. Cineplex had a negative net margin of 1.72% and a positive return on equity of 27.72%. Research analysts predict that Cineplex Inc. will post 1.0754912 earnings per share for the current year.

About Cineplex

Cineplex is a diversified media company that operates chains of movie theaters. The company has four reporting segments: film entertainment and content; media; amusement and leisure; and location-based entertainment. The film entertainment and content segment includes revenue from theater attendance. The media segment includes cinema media and digital place-based media operations. The amusement and leisure reporting segment manages the operation and distribution of gaming and vending equipment. Formerly housed in the amusement and leisure segment, the location-based entertainment business derives revenue from entertainment restaurant chains like The Rec Room and Playdium.