Cinemark Holdings PT Raised to $40.00 at Wunderlich (CNK)
Research analysts at Wunderlich boosted their price objective on shares of Cinemark Holdings (NYSE:CNK) from $37.00 to $40.00 in a report released on Thursday, American Banking and Market News reports. The firm currently has a “buy” rating on the stock. Wunderlich’s price target would indicate a potential upside of 20.01% from the stock’s previous close.
Cinemark Holdings (NYSE:CNK) opened at 33.33 on Thursday. Cinemark Holdings has a one year low of $25.00 and a one year high of $34.35. The stock has a 50-day moving average of $33.02 and a 200-day moving average of $31.17. The company has a market cap of $3.802 billion and a P/E ratio of 23.72.
Cinemark Holdings (NYSE:CNK) last issued its quarterly earnings data on Thursday, November 7th. The company reported $0.69 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.55 by $0.14. The company had revenue of $757.60 million for the quarter, compared to the consensus estimate of $733.23 million. During the same quarter in the previous year, the company posted $0.41 earnings per share. The company’s revenue for the quarter was up 19.6% on a year-over-year basis. On average, analysts predict that Cinemark Holdings will post $1.56 earnings per share for the current fiscal year.
A number of other firms have also recently commented on CNK. Analysts at Wedbush raised their price target on shares of Cinemark Holdings from $29.00 to $34.00 in a research note to investors on Monday, November 18th. They now have a “neutral” rating on the stock. Separately, analysts at Janney Montgomery Scott upgraded shares of Cinemark Holdings from a “neutral” rating to a “buy” rating in a research note to investors on Tuesday, November 12th. They now have a $46.00 price target on the stock, up previously from $37.00. Finally, analysts at MKM Partners raised their price target on shares of Cinemark Holdings from $36.00 to $38.00 in a research note to investors on Friday, November 8th. They now have a “buy” rating on the stock. Two research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $36.04.
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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