Cinemark Holdings Inc (CNK) Gets a Buy Rating from Wedbush


Wedbush analyst Michael Pachter maintained a Buy rating on Cinemark Holdings Inc (CNK) today and set a price target of $46. The company’s shares closed yesterday at $40.33.

According to TipRanks.com, Pachter has currently no stars on a ranking scale of 0-5 stars, with an average return of -3.3% and a 46.3% success rate. Pachter covers the Services sector, focusing on stocks such as AMC Entertainment, Best Buy Co, and IMAX Corp.

Currently, the analyst consensus on Cinemark Holdings Inc is a Strong Buy with an average price target of $46.40, implying a 15.1% upside from current levels. In a report issued on January 22, B.Riley FBR also reiterated a Buy rating on the stock with a $45 price target.

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Based on Cinemark Holdings Inc’s latest earnings release for the quarter ending September 30, the company reported a quarterly net profit of $49.92 million. In comparison, last year the company had a net profit of $94.57 million.

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.

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