Microsoft may earn an Affiliate Commission if you purchase something through recommended links in this article. The P/E ratio of Cineplex is -1.26, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings. Dan McGrath, Cineplex’s CEO, said Canadians miss their pastime — watching movies on the giant screen. Regaining the pre-coronavirus theatre occupancy level is doubtful in the near term. 326 E 8th St #105, Sioux Falls, SD 57103 | [email protected] | (844) 978-6257 Motley Fool Canada‘s market-beating team has just released a brand-new FREE report revealing 5 “dirt cheap” stocks that you can buy today for under $49 a share. Startling news came out from Toronto last week. Speaking of Cineplex stock that plunged 29% in one day…, Just Released! Public health experts recommended that the province close cinemas, casinos, conference venues, gyms, fitness centres, and cinemas. 6 equities research analysts have issued 12-month price objectives for Cineplex's shares. 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. All rights reserved. Cineplex employs 13,000 workers across the globe. On average, they expect Cineplex's stock price to reach C$7.29 in the next year. Cineplex is a leading dividend payer. Cineplex Stock Is Crashing: Should You Be Buying? Growth Stocks: Risk vs. The company reported ($1.55) earnings per share for the quarter. It pays a dividend yield of 5.32%, putting its dividend yield in the top 25% of dividend-paying stocks. Sign-up to receive the latest news and ratings for CGX and its competitors with MarketBeat's FREE daily newsletter. According to analysts' consensus price target of C$7.29, Cineplex has a forecasted upside of 40.9% from its current price of C$5.17. ), Cineplex has received 524 “underperform” votes. Cineplex does not have a long track record of dividend growth. Cineplex stock is losing by almost 90% year to date after its 29% drop in one day. Like us on Facebook to see similar stories, Dow drops more than 600 points as U.S. hits record daily coronavirus cases, This is the Most Underrated Breakfast Item at the Grocery Store. Whether you’re looking for analyst ratings, corporate buybacks, dividends, earnings, economic reports, financials, insider trades, IPOs, SEC filings or stock splits, MarketBeat has the objective information you need to analyze any stock. All rights reserved. Is Cineplex Stock a Contrarian Buy Today? Don’t miss out! Looking for new stock ideas? Cineplex's management team includes the following people: Exec. An all-star lineup of business leaders tell us what to expect amid generational change. Cinema operations are back, although capacity in theatres is limited in compliance with public health guidelines. Want to see which stocks are moving? The stock is incredibly cheap at $4.63, but if it’s down 86% year to date, there’s no attraction to consider investing in Cineplex. Cineplex's stock was trading at C$29.95 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. The post Air Canada Stock vs. Cineplex Their forecasts range from C$6.00 to C$11.00. Based on aggregate information from My MarketBeat watchlists, some companies that other Cineplex investors own include Intact Financial Co. (IFC.TO) (IFC), Constellation Software Inc. (CSU.TO) (CSU), Alimentation Couche-Tard (ATD.B), AutoCanada Inc. (ACQ.TO) (ACQ), Vermilion Energy (VET), AbbVie (ABBV), Toronto-Dominion Bank (TD), BCE Inc. (BCE.TO) (BCE), Air Canada (AC) and Enbridge Inc. (ENB.TO) (ENB). Unfortunately, the road ahead is fraught with uncertainties. Cineplex Inc., through its subsidiaries, operates as an entertainment and media company in Canada and internationally. Receive a free world-class investing education from MarketBeat. Canada’s Cineplex (TSX:CGX) hopes moviegoers will return in droves with the reopening of its 164 theatres across the country. The company's average rating score is 1.67, and is based on no buy ratings, 4 hold ratings, and 2 sell ratings. Vote “Underperform” if you believe CGX will underperform the S&P 500 over the long term. Find the latest CINEPLEX INC. (CGX.TO) stock discussion in Yahoo Finance's forum. On October 5, 2020, Cineplex shares tanked 29% from $6.69 to $4.75. With only 25% seating capacity in 1,687 screens and a shortage of Hollywood flicks, the company will continue to bleed cash. Cineplex has a P/B Ratio of 1.05. Simply click the link below to grab your free copy and discover all 5 of these stocks now. Cineplex is a stock I would classify as a value trap for investors at this point in time. Is Cineplex (TSE:CGX) a good stock for dividend investors? For the first half of 2020, total revenues dropped 62% (from $803.5 million to $304.8 million) compared to the first half of 2019. View Cineplex's earnings history. appeared first on The Motley Fool Canada. 6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Cineplex in the last year. In Q2 2020 (quarter ended June 30, 2020), all Cineplex theatres and entertainment venues were closed. Learn everything you need to know about successful options trading with this three-part video course. Our team thinks these 5 stocks are critically undervalued, but more importantly, could potentially make Canadian investors who act quickly a fortune. Please log in to your account or sign up in order to add this asset to your watchlist. . Cineplex Inc., Canada’s largest chain of movie theaters, plummeted 29% to a record low on Monday after Metro-Goldwyn-Mayer delayed the release … One share of CGX stock can currently be purchased for approximately C$5.08. Get daily stock ideas top-performing Wall Street analysts. The company earned $21.99 million during the quarter, compared to analyst estimates of $48.70 million. The company generated $3.3 million in revenues from home delivery food services. 30 Days of MarketBeat All Access for $1.00 Sign up for MarketBeat All Movie streaming at home is a safer alternative. In the last week of September 2020, Cineplex heralded the return of over 1.5 million guests since Canada Day. To see all exchange delays and terms of use please see disclaimer. Since then, CGX shares have decreased by 83.0% and is now trading at C$5.08. Get short term trading ideas from the MarketBeat Idea Engine. As of January 21, 2019, it operated 165 theatres in Canada. View which stocks have been most impacted by COVID-19. Currency in CAD, Legendary Stock-Picker Names Favorite Stock of ‘20. There are currently 2 sell ratings and 4 hold ratings for the stock, resulting in a consensus recommendation of "Hold." The situation is beyond control. Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: You have already added five stocks to your watchlist. Shares of movie theater operators took a deep dive Monday, after the U.K.'s Cineworld Group PLC said it will temporarily suspend operations at all of its theaters, after the release of the latest James Bond film was delayed for a second time. The company boasted selling almost 60,000 hot dogs and more than 460 million kernels of popcorn. Fool contributor Christopher Liew has no position in any of the stocks mentioned.

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