FY2018 EPS Estimates for Cineplex Inc (CGX) Boosted by National Bank Financial
Cineplex Inc (TSE:CGX) – Equities researchers at National Bank Financial increased their FY2018 EPS estimates for shares of Cineplex in a research report issued on Wednesday. National Bank Financial analyst A. Shine now expects that the company will post earnings of $1.19 per share for the year, up from their previous forecast of $1.18. National Bank Financial currently has a “Sector Perform” rating and a $42.00 target price on the stock.
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Several other equities research analysts have also recently weighed in on CGX. Raymond James Financial, Inc. reduced their price target on shares of Cineplex from C$52.00 to C$46.00 and set an “outperform” rating on the stock in a research report on Tuesday, September 26th. Scotiabank reiterated an “outperform” rating and set a C$46.00 price objective on shares of Cineplex in a research report on Wednesday, September 20th. BMO Capital Markets lowered their price objective on shares of Cineplex from C$48.00 to C$44.00 and set an “outperform” rating for the company in a research report on Wednesday, September 6th. Royal Bank Of Canada raised shares of Cineplex from a “sector perform” rating to an “outperform” rating and dropped their price objective for the stock from C$54.00 to C$50.00 in a research note on Thursday, August 3rd. Finally, TD Securities dropped their price objective on shares of Cineplex from C$64.00 to C$52.00 and set a “buy” rating for the company in a research note on Thursday, August 3rd. One analyst has rated the stock with a hold rating and six have issued a buy rating to the company. Cineplex has an average rating of “Buy” and an average price target of C$47.63.
Shares of Cineplex (TSE:CGX) traded up 0.76% on Monday, hitting $39.56. The stock had a trading volume of 81,163 shares. Cineplex has a 12 month low of $34.43 and a 12 month high of $54.81. The company has a 50 day moving average price of $38.65 and a 200-day moving average price of $47.88. The stock has a market cap of $2.51 billion and a PE ratio of 33.53.
In related news, insider Daniel F. Mcgrath acquired 10,000 shares of the stock in a transaction dated Thursday, September 7th. The stock was acquired at an average cost of C$38.59 per share, with a total value of C$385,900.00.
The business also recently disclosed a monthly dividend, which will be paid on Tuesday, October 31st. Shareholders of record on Friday, September 29th will be given a dividend of $0.14 per share. The ex-dividend date of this dividend is Thursday, September 28th. This represents a $1.68 dividend on an annualized basis and a yield of 4.28%.
Cineplex Inc (Cineplex) is a Canada-based film exhibition company. The Company’s segments include Exhibition and Media. The Exhibition segment includes all direct and ancillary revenues from theatre attendance, including box office and food service revenues. The Exhibition segment also includes amusement gaming and leisure, theatre rentals and digital commerce rental and sales.
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