Cinemark Holdings Given New $35.00 Price Target at Janney Montgomery Scott (CNK)
Research analysts at Janney Montgomery Scott boosted their price target on shares of Cinemark Holdings (NYSE:CNK) from $32.00 to $35.00 in a report released on Monday, Stock Ratings Network.com reports. The firm currently has a “neutral” rating on the stock. Janney Montgomery Scott’s price target suggests a potential upside of 9.72% from the stock’s previous close.
CNK has been the subject of a number of other recent research reports. Analysts at Barclays Capital raised their price target on shares of Cinemark Holdings from $26.00 to $30.00 in a research note to investors on Thursday, August 22nd. Separately, analysts at Wunderlich raised their price target on shares of Cinemark Holdings from $34.00 to $37.00 in a research note to investors on Tuesday, August 13th. They now have a “buy” rating on the stock. Four equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. Cinemark Holdings has a consensus rating of “Buy” and an average target price of $33.23.
Cinemark Holdings (NYSE:CNK) traded down 1.02% on Monday, hitting $31.90. 476,659 shares of the company’s stock traded hands. Cinemark Holdings has a 52 week low of $22.61 and a 52 week high of $32.55. The stock’s 50-day moving average is $30.81 and its 200-day moving average is $29.71. The company has a market cap of $3.637 billion and a P/E ratio of 29.04.
Cinemark Holdings (NYSE:CNK) last posted its quarterly earnings results on Tuesday, August 6th. The company reported $0.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.51 by $0.33. The company had revenue of $725.60 million for the quarter, compared to the consensus estimate of $710.81 million. During the same quarter in the previous year, the company posted $0.45 earnings per share. The company’s revenue for the quarter was up 11.7% on a year-over-year basis. Analysts expect that Cinemark Holdings will post $1.53 EPS for the current fiscal year.
Cinemark Holdings, Inc , is engaged in the motion picture exhibition business with theatres in the United States, Brazil, Mexico, Argentina, Chile, Colombia, Peru, El Salvador, Nicaragua, Costa Rica, Panama and Guatemala.
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