Barrington analyst James Goss maintained a Buy rating on Cinemark Holdings Inc (NYSE: CNK) today and set a price target of $47. The company’s shares opened today at $36.79.
According to TipRanks.com, Goss is a 5-star analyst with an average return of 13.0% and a 65.9% success rate. Goss covers the Services sector, focusing on stocks such as Lions Gate Ent Corp Cl A, Sirius XM Holdings Inc, and iPic Entertainment Inc.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Cinemark Holdings Inc with a $45.20 average price target, which is a 22.9% upside from current levels. In a report issued on August 2, Wedbush also reiterated a Buy rating on the stock with a $43 price target.
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Based on Cinemark Holdings Inc’s latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of $82.14 million. In comparison, last year the company had a net profit of $50.98 million.
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Cinemark Holdings, Inc. is a holding company, which engages in the provision of motion picture exhibition through its subsidiaries. It operates through the U.S. and International segments. The company was founded by Lee Roy Mitchell in 1984 and is headquartered in Plano, TX.
