Cinemark Holdings Inc (CNK) Received its Third Buy in a Row


After RBC Capital and Imperial Capital gave Cinemark Holdings Inc (NYSE: CNK) a Buy rating last month, the company received another Buy, this time from Wedbush. Analyst Michael Pachter maintained a Buy rating on Cinemark Holdings Inc today and set a price target of $43. The company’s shares opened today at $35.81.

According to TipRanks.com, Pachter is a 1-star analyst with an average return of -0.3% and a 52.1% success rate. Pachter covers the Services sector, focusing on stocks such as AMC Entertainment, Pandora Media, and Best Buy Co.

Currently, the analyst consensus on Cinemark Holdings Inc is a Strong Buy with an average price target of $44.95, a 25.5% upside from current levels. In a report released today, Barrington also maintained a Buy rating on the stock with a $47 price target.

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The company has a one-year high of $44.00 and a one-year low of $32.03. Currently, Cinemark Holdings Inc has an average volume of 1.1M.

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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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