Carmike Cinemas Price Target Cut to $37.62 by Analysts at Benchmark Co. (CKEC)
Research analysts at Benchmark Co. cut their price objective on shares of Carmike Cinemas (NASDAQ:CKEC) from $38.19 to $37.62 in a report released on Thursday. Benchmark Co.’s price objective indicates a potential upside of 18.86% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. Analysts at Maxim Group reiterated a “buy” rating on shares of Carmike Cinemas in a research note on Tuesday. They now have a $38.00 price target on the stock. Separately, analysts at Topeka Capital Markets upgraded shares of Carmike Cinemas from a “hold” rating to a “buy” rating in a research note on Thursday, July 24th. They now have a $36.00 price target on the stock. Finally, analysts at Zacks downgraded shares of Carmike Cinemas from a “neutral” rating to an “underperform” rating in a research note on Thursday, July 10th. They now have a $32.50 price target on the stock. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and six have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $35.37.
Shares of Carmike Cinemas (NASDAQ:CKEC) traded up 0.67% on Thursday, hitting $31.65. 124,250 shares of the company’s stock traded hands. Carmike Cinemas has a 52-week low of $16.92 and a 52-week high of $36.22. The stock has a 50-day moving average of $33.53 and a 200-day moving average of $31.18. The company has a market cap of $728.3 million and a P/E ratio of 80.62.
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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