Carmike Cinemas Price Target Raised to $35.00 at Macquarie (CKEC)
Equities research analysts at Macquarie increased their price target on shares of Carmike Cinemas (NASDAQ:CKEC) from $4.00 to $35.00 in a research note issued to investors on Tuesday, Analyst Ratings Network reports. Macquarie’s price objective would indicate a potential upside of 6.42% from the company’s current price.
Carmike Cinemas (NASDAQ:CKEC) traded up 10.07% during mid-day trading on Tuesday, hitting $32.89. The stock had a trading volume of 1,250,291 shares. Carmike Cinemas has a 1-year low of $16.14 and a 1-year high of $34.63. The stock’s 50-day moving average is $29.98 and its 200-day moving average is $27.32. The company has a market cap of $758.4 million and a P/E ratio of 103.03.
Carmike Cinemas (NASDAQ:CKEC) last posted its quarterly earnings results on Monday, May 5th. The company reported $0.12 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.02 by $0.10. The company had revenue of $158.92 million for the quarter, compared to the consensus estimate of $152.19 million. During the same quarter in the prior year, the company posted ($0.20) earnings per share. The company’s quarterly revenue was up 22.9% on a year-over-year basis. Analysts expect that Carmike Cinemas will post $1.18 EPS for the current fiscal year.
Several other analysts have also recently commented on the stock. Analysts at Wedbush reiterated an “outperform” rating on shares of Carmike Cinemas in a research note on Tuesday. They now have a $34.00 price target on the stock, down previously from $35.50. Separately, analysts at B. Riley raised their price target on shares of Carmike Cinemas from $34.00 to $38.00 in a research note on Tuesday. Finally, analysts at Barrington Research raised their price target on shares of Carmike Cinemas from $33.00 to $38.00 in a research note on Friday, March 7th. They now have an “outperform” rating on the stock. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Carmike Cinemas presently has an average rating of “Buy” and an average price target of $32.55.
Carmike Cinemas, Inc is a motion picture exhibitor in the United States. As of December 31, 2012, the Company owned, operated or had an interest in 249 theatres with 2,502 screens located in 35 states.
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