Cineplex (TSE:CGX) had its target price raised by National Bank Financial from C$28.00 to C$29.00 in a report released on Friday morning, BayStreet.CA reports. They currently have an outperform rating on the stock.
A number of other brokerages have also weighed in on CGX. TD Securities lowered their price objective on shares of Cineplex from C$35.00 to C$33.00 and set a buy rating for the company in a report on Monday, May 13th. Raymond James set a C$31.00 price objective on shares of Cineplex and gave the stock an outperform rating in a report on Tuesday, June 25th. CIBC boosted their price objective on shares of Cineplex from C$27.50 to C$28.50 in a report on Friday. Finally, Echelon Wealth Partners restated a buy rating on shares of Cineplex in a report on Tuesday, April 30th. One analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company has a consensus rating of Buy and an average target price of C$31.21.
Shares of CGX traded up C$1.06 during mid-day trading on Friday, reaching C$25.60. The company’s stock had a trading volume of 568,400 shares, compared to its average volume of 248,074. The firm has a market capitalization of $1.62 billion and a PE ratio of 29.77. The company has a debt-to-equity ratio of 318.99, a quick ratio of 0.27 and a current ratio of 0.37. Cineplex has a 52 week low of C$22.34 and a 52 week high of C$36.65. The stock’s fifty day moving average price is C$23.48.
Cineplex (TSE:CGX) last announced its quarterly earnings data on Thursday, May 9th. The company reported C($0.12) earnings per share for the quarter, missing the Zacks’ consensus estimate of C($0.04) by C($0.08). The firm had revenue of C$364.94 million for the quarter, compared to analysts’ expectations of C$363.75 million. As a group, sell-side analysts expect that Cineplex will post 0.92 EPS for the current fiscal year.
The company also recently declared a monthly dividend, which was paid on Wednesday, July 31st. Investors of record on Friday, June 28th were issued a dividend of $0.15 per share. This is a positive change from Cineplex’s previous monthly dividend of $0.15. This represents a $1.80 dividend on an annualized basis and a yield of 7.03%. The ex-dividend date was Thursday, June 27th. Cineplex’s dividend payout ratio is currently 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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