Echelon Wealth Partners Sticks to Its Hold Rating for Cineplex (CPXGF)

In a report issued on July 2, Rob Goff from Echelon Wealth Partners maintained a Hold rating on Cineplex (CPXGFResearch Report). The company’s shares closed last Thursday at $5.95, close to its 52-week low of $4.00.

According to TipRanks.com, Goff is ranked #1340 out of 6749 analysts.

Cineplex has an analyst consensus of Moderate Buy, with a price target consensus of $8.68, a 44.7% upside from current levels. In a report issued on July 2, National Bank also upgraded the stock to Hold with a C$9.00 price target.

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Based on Cineplex’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $283 million and GAAP net loss of $178 million. In comparison, last year the company earned revenue of $430 million and had a net profit of $27.18 million.

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Cineplex Inc. engages in the theatre operations business. It operates in the film entertainment and content, amusement and leisure, and media sectors. The firm also engages in digital commerce, food service, alternative programming, cinema media, digital place-based media, amusement solutions and an online e-sports platform for competitive and passionate gamers. The company was founded in 1912 and is headquartered in Toronto, Canada.