Cineplex Inc to Post FY2016 Earnings of $1.42 Per Share, National Bank Financial Forecasts (CGX)
Cineplex Inc (TSE:CGX) – Stock analysts at National Bank Financial dropped their FY2016 earnings per share (EPS) estimates for Cineplex in a research note issued on Wednesday. National Bank Financial analyst A. Shine now anticipates that the brokerage will earn $1.42 per share for the year, down from their previous forecast of $1.65. National Bank Financial also issued estimates for Cineplex’s FY2017 earnings at $2.02 EPS.
Other equities research analysts have also issued research reports about the stock. Raymond James Financial Inc. upped their target price on shares of Cineplex from C$56.00 to C$58.00 in a report on Friday, August 12th. TD Securities reaffirmed a “buy” rating and issued a C$58.00 target price on shares of Cineplex in a report on Tuesday, August 9th. Scotiabank reaffirmed a “sector perform” rating and issued a C$52.00 target price on shares of Cineplex in a report on Wednesday, August 10th. Royal Bank Of Canada lowered their target price on shares of Cineplex from C$52.00 to C$51.00 and set a “sector perform” rating on the stock in a report on Monday, August 15th. Finally, RBC Capital Markets decreased their price objective on shares of Cineplex from C$52.00 to C$51.00 and set a “sector perform” rating on the stock in a report on Friday, August 12th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of C$54.57.
Cineplex (TSE:CGX) opened at 52.07 on Friday. Cineplex has a 52-week low of $44.67 and a 52-week high of $52.50. The stock has a 50 day moving average of $50.37 and a 200 day moving average of $50.85. The stock has a market capitalization of $3.31 billion and a P/E ratio of 25.92.
Cineplex Company Profile
Cineplex Inc is a Canada-based entertainment company. The Company operates through two segments: Exhibition and Media. The Exhibition segment offers box office services, food service, gaming services, theatre rentals and digital commerce rental and sales. The Media segment consists of Cineplex Media, which consists of in-theatre advertising, pre-show, showtime, magazine and lobby advertising, and Cineplex Digital Media (CDM), which is associated with the design, installation and operations of digital signage networks.
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