Cinemark Holdings Inc Received its Third Buy in a Row

After B.Riley FBR and Wedbush assigned a Buy rating to Cinemark Holdings Inc in the last month, the company received another Buy, this time from 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 $38.81.

According to TipRanks.com, Goss is a 5-star analyst with an average return of 13.4% and a 61.0% success rate. Goss covers the Services sector, focusing on stocks such as Lions Gate Ent Corp Cl A, Sirius XM Holdings Inc, and Clear Channel Outdoor.

Currently, the analyst consensus on Cinemark Holdings Inc is Strong Buy and the average price target is $44.63, representing a 15.0% upside.

In a report issued on April 26, B.Riley FBR also reiterated a Buy rating on the stock with a $46.75 price target.

See today’s analyst top recommended stocks >>

The company has a one-year high of $44.38 and a one-year low of $32.03. Currently, Cinemark Holdings Inc has an average volume of 1.26M.

Based on the recent corporate insider activity of 28 insiders, corporate insider sentiment is negative on the stock.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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.