Analyst Explains Why They Downgraded Their Rating on Cinemark Holdings (CNK)
B.Riley FBR analyst Eric Wold downgraded Cinemark Holdings (CNK) to Hold today and set a price target of $13.00. The company’s shares closed last Friday at $11.88.
According to TipRanks.com, Wold ‘s ranking currently consits of 0 on a 0-5 ranking scale, with an average return of -20.0% and a 21.3% success rate. Wold covers the Services sector, focusing on stocks such as Dolby Laboratories, National Cinemedia, and AMC Entertainment.
Cinemark Holdings has an analyst consensus of Strong Buy, with a price target consensus of $23.11.
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The company has a one-year high of $41.60 and a one-year low of $5.71. Currently, Cinemark Holdings has an average volume of 5.46M.
Based on the recent corporate insider activity of 24 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of CNK in relation to earlier this year.
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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.