Wedbush Keeps a Buy Rating on Cinemark Holdings Inc


In a report released today, Michael Pachter from Wedbush reiterated a Buy rating on Cinemark Holdings Inc (NYSE: CNK), with a price target of $43. The company’s shares closed yesterday at $35.59.

According to TipRanks.com, Pachter is a 1-star analyst with an average return of -1.4% and a 51.9% success rate. Pachter covers the Services sector, focusing on stocks such as AMC Entertainment, Pandora Media, and Best Buy Co.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Cinemark Holdings Inc with a $42.94 average price target.

See today’s analyst top recommended stocks >>

Cinemark Holdings Inc’s market cap is currently $4.16B and has a P/E ratio of 16.83. The company has a Price to Book ratio of 2.85.

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.

Stay Ahead of Everyone Else

Get The Latest Stock News Alerts