Cinemark Holdings Receives New Coverage from Analysts at Hanson (CNK)
Stock analysts at Hanson initiated coverage on shares of Cinemark Holdings (NYSE:CNK) in a report issued on Monday, Stock Ratings Network reports. The firm set a “buy” rating and a $36.00 price target on the stock. Hanson’s price objective would suggest a potential upside of 11.04% from the company’s current price.
A number of other firms have also recently commented on CNK. Analysts at Janney Montgomery Scott raised their price target on shares of Cinemark Holdings from $32.00 to $35.00 in a research note to investors on Monday, October 7th. They now have a “neutral” rating on the stock. Separately, 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. Finally, 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 research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $33.41.
Cinemark Holdings (NYSE:CNK) traded up 1.03% during mid-day trading on Monday, hitting $32.42. The stock had a trading volume of 295,771 shares. Cinemark Holdings has a 52 week low of $22.90 and a 52 week high of $32.55. The stock has a 50-day moving average of $30.93 and a 200-day moving average of $29.82. The company has a market cap of $3.696 billion and a P/E ratio of 28.91.
Cinemark Holdings (NYSE:CNK) last issued its quarterly earnings data 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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