In a report released today, Michael Pachter from Wedbush maintained a Buy rating on Cinemark Holdings Inc (CNK), with a price target of $46. The company’s shares opened today at $42.75, close to its 52-week high of $43.51.
According to TipRanks.com, Pachter is a 2-star analyst with an average return of 0.4% and a 52.7% success rate. Pachter covers the Services sector, focusing on stocks such as National Cinemedia, AMC Entertainment, and Amazon.com Inc.
Cinemark Holdings Inc has an analyst consensus of Strong Buy, with a price target consensus of $47.60, an 11.3% upside from current levels. In a report released today, Barrington also maintained a Buy rating on the stock with a $49 price target.
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Based on Cinemark Holdings Inc’s latest earnings release for the quarter ending December 31, the company reported a quarterly net profit of $19.4 million. In comparison, last year the company had a net profit of $61.72 million.
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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.
