After Wedbush and B.Riley FBR gave Cinemark Holdings Inc (NYSE: CNK) a Buy rating last month, the company received another Buy, this time from Barrington. Analyst James Goss maintained a Buy rating on Cinemark Holdings Inc today and set a price target of $49. The company’s shares opened today at $42.75, close to its 52-week high of $43.51.
Goss said:
“We include Cinemark on our Ideas List. Holdings, Inc. is a holding company, which engages in the provision of motion picture exhibition through its subsidiaries. It operates through the U.S.”
According to TipRanks.com, Goss is a 5-star analyst with an average return of 14.9% and a 65.7% success rate. Goss covers the Services sector, focusing on stocks such as Lions Gate Ent Corp Cl A, Nexstar Media Group Inc, and Sirius XM Holdings Inc.
Currently, the analyst consensus on Cinemark Holdings Inc is a Strong Buy with an average price target of $47.60, which is an 11.3% upside from current levels. In a report issued on April 22, Wedbush also maintained a Buy rating on the stock with a $46 price target.
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The company has a one-year high of $43.51 and a one-year low of $33.36. Currently, Cinemark Holdings Inc has an average volume of 1.21M.
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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.
