Buy, Sell or Hold: Cineplex Inc (CGX-T) — Stock Predictions at Stockchase

TSE:CGX

13.24

0.33 (2.56%) 1d

Showing 1 to 15 of 496 entries

DON'T BUY

People own this for the dividend, and pre-Covid this company was innovative with preferred seating and cafes, and programming opera and sports. But this is a difficult environment now; he doesn't see people returning to cinemas given social distancing. Also, the studios are releasing films on streaming. True, a lot of blockbusters will be released, but those films will also be released at home, too.

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DON'T BUY

Has been a confounding company. With covid and all that has happened in the past year, hard to see a near future where it is profitable again. People will go back to the movies, but it will be a slow recovery. Not a huge fan of CGX.

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SELL

Difficulty is that we're still in the pandemic. A lot of content has moved to streaming, so it will be hard to get people back to the theatre, plus logistical problems of health safety. The movie Black Widow will be an interesting test case.

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PARTIAL BUY

Allan Tong’s Discover Picks As a stock, where does Cineplex lie? Common metrics won’t work with CGX stock. For starters, YOY comps don’t exist. Meanwhile, the Cineworld lawsuit is a cloud. In the past week, Cineplex has probably enjoyed some momentum from the AMC euphoria and has climbed about $1 to $16.15 (Monday’s close). Right before the pandemic, Cineplex was trading above $33, though well off its 2017 peak of around $53. The street has three holds and one buy at a price target of $13.13, or almost 18% downside. I disagree. I see a little more upside here. CGX stock is an unscientific gut feeling call as a cautious, partial buy. Read 3 Hot TSX Stocks for our full analysis.

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DON'T BUY

It's a very difficult story. People will take time returning to the cinemas. Cineplex did a good job offering ancillary services. Also, film studios like Disney are rethinking how they will exhibit movies (i.e. streaming). Will the Marvel blockbusters return to big screens?

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DON'T BUY

It was doing everything well and they were going to sell the business before the pandemic. Now, the business is ruined. With social distancing and lack of good movies, it is un-investable.

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COMMENT

They are suing Cineworld. He does his road shows in CGX's theatres. It will be some time before people will feel safe crowding into a theatre.

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WATCH

He sold before the Cineworld deal. COVID-19 was a complete disaster for movie theatres. It is too much of a mess for him.

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WATCH

It is depended highly on the takeover offer. Technically the buyer has to continue with the offer but given the buyer's financial position it is unlikely they can continue. If it goes through it could mean high upside. He thinks the deal will be negotiated down some. If it does no go through, it could mean low single digits. He thinks things will come back to what they were in movie theatres. You have to be prepared with this one and to be a gambler.

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HOLD

There is an offer for the company. This is probably one of his smaller positions because of the high risk. It is trading at $15 when the offer is $34. He thinks the deal will get done but not at $34. It is high risk but he likes the upside/downside. If the deal does not come through then there is lots of risk.

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DON'T BUY

It's speculative, depending on this UK deal. All cinemas are closed now. Maybe they can open later, but at partial capacity. Look elsewhere.

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HOLD

Being purchased? Why its trading over the $34 offer price is possibly due to short covering. There is a long period before the deal closes and Cineplex still has a chance of finding a higher bid. He would continue to hold it to tender and not sell.

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SELL

It looks like they are going to be bought out by a UK company. He would sell. This is probably a decent price to sell and re-invest elsewhere.

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TOP PICK

He thinks this could be a private equity take over target. Traffic to cinemas have been flat, which provides a good base and they have been adding other revenue streams. It is too cheap at these levels and the dividend is not at risk. An upside of 20% next year. Yield 7.06% (Analysts’ price target is $30.40)

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WATCH

One challenge is the margin on movies makes it hard to make money. Movie going is slowing down. Better opportunities elsewhere. Free cash flow is being reinvested in things that may or may not work. Dividend may be safe, but there's no growth.

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Showing 1 to 15 of 496 entries

Cineplex Inc(CGX-T) Rating

Ranking : 3 out of 5

Bullish - Buy Signals / Votes : 1

Neutral - Hold Signals / Votes : 0

Bearish - Sell Signals / Votes : 4

Total Signals / Votes : 5

Stockchase rating for Cineplex Inc is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.

Cineplex Inc(CGX-T) Frequently Asked Questions

What is Cineplex Inc stock symbol?

Cineplex Inc is a Canadian stock, trading under the symbol CGX-T on the Toronto Stock Exchange (CGX-CT). It is usually referred to as TSX:CGX or CGX-T

Is Cineplex Inc a buy or a sell?

In the last year, 5 stock analysts published opinions about CGX-T. 1 analyst recommended to BUY the stock. 4 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Cineplex Inc.

Is Cineplex Inc a good investment or a top pick?

Cineplex Inc was recommended as a Top Pick by on . Read the latest stock experts ratings for Cineplex Inc.

Why is Cineplex Inc stock dropping?

Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.

Is Cineplex Inc worth watching?

5 stock analysts on Stockchase covered Cineplex Inc In the last year. It is a trending stock that is worth watching.

What is Cineplex Inc stock price?

On 2021-09-22, Cineplex Inc (CGX-T) stock closed at a price of $13.24.

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