Cineplex (TSE:CGX) Hits New 12-Month High – Time to Buy?

Cineplex Inc. (TSE:CGX)’s stock price reached a new 52-week high on Monday. The company traded as high as C$14.51 and last traded at C$14.42, with a volume of 113,664 shares. The stock had previously closed at C$14.25.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the stock. Scotiabank increased their price objective on shares of Cineplex from C$12.00 to C$13.50 and gave the company a “sector outperform” rating in a report on Wednesday, August 12th. Royal Bank Of Canada boosted their target price on shares of Cineplex from C$14.00 to C$15.00 and gave the stock an “outperform” rating in a research note on Tuesday, September 15th. National Bank Financial upped their price target on shares of Cineplex from C$13.50 to C$14.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 12th. TD Securities raised shares of Cineplex to a “strong-buy” rating in a research note on Friday, July 24th. Finally, RBC Dominion Securities lifted their price objective on Cineplex from C$15.00 to C$16.00 and gave the stock an “outperform” rating in a report on Wednesday, October 28th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of C$14.46.

Cineplex Trading Up 0.6%

The stock has a market cap of C$903.46 million, a PE ratio of -71.70, a price-to-earnings-growth ratio of 0.30 and a beta of 0.15. The company has a debt-to-equity ratio of -1,865.57, a quick ratio of 0.22 and a current ratio of 0.44. The company’s 50-day moving average price is C$12.64 and its 200 day moving average price is C$11.49.

Cineplex (TSE:CGX) last issued its quarterly earnings data on Friday, November 6th. The company reported C$0.34 earnings per share for the quarter. The company had revenue of C$440.20 million during the quarter. Cineplex had a positive return on equity of 14.84% and a negative net margin of 0.96%. On average, sell-side analysts forecast that Cineplex Inc. will post 1.08 EPS for the current fiscal year.

About Cineplex

Cineplex (TSX:CGX) is a top-tier Canadian brand that operates in the Film Entertainment and Content, Amusement and Leisure, and Media sectors. Cineplex offers a unique escape from the everyday to millions of guests through its circuit of 169 movie theatres and location-based entertainment venues. In addition to being Canada’s largest and most innovative film exhibitor, the company operates Canada’s favourite destination for ‘Eats & Entertainment’ (The Rec Room), complexes specially designed for teens and families (Playdium), and an entertainment concept that brings movies, amusement gaming, dining, and live performances together under one roof (Cineplex Junxion).