B.Riley FBR analyst Eric Wold reiterated a Buy rating on Cinemark Holdings Inc (CNK) today and set a price target of $45. The company’s shares closed on Friday at $40.92.
Wold wrote:
“We are revisiting Cinemark Holdings (CNK) after hosting an investor dinner and West Coast NDR with management last week, which included Mark Zoradi (CEO) and Chanda Brashears (VP , Investor Relations). We are also taking this opportunity to update our 4Q18 projections to account for final 4Q18 box office results as well as to fine-tune our 2019 and 2020 estimates (especially around the quarterly box office and film slate flow for 2019).”
According to TipRanks.com, Wold is a 1-star analyst with an average return of -2.2% and a 39.7% success rate. Wold covers the Services sector, focusing on stocks such as Reading International Inc, National Cinemedia, and AMC Entertainment.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Cinemark Holdings Inc with a $46.60 average price target, implying a 13.9% upside from current levels. In a report issued on January 7, Imperial Capital also reiterated a Buy rating on the stock with a $47 price target.
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Cinemark Holdings Inc’s market cap is currently $4.78B and has a P/E ratio of 16.54. The company has a Price to Book ratio of 3.28.
Based on the recent corporate insider activity of 22 insiders, corporate insider sentiment is negative on the stock.
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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.
