In a report released today, Michael Pachter from Wedbush reiterated a Buy rating on Cinemark Holdings Inc (CNK), with a price target of $49.00. The company’s shares closed last Monday at $36.57.
According to TipRanks.com, Pachter is a 4-star analyst with an average return of 2.4% and a 54.5% success rate. Pachter covers the Services sector, focusing on stocks such as National Cinemedia, AMC Entertainment, and Best Buy Co.
Currently, the analyst consensus on Cinemark Holdings Inc is a Strong Buy with an average price target of $44.28, implying a 21.2% upside from current levels. In a report issued on October 14, J.P. Morgan also maintained a Buy rating on the stock with a $46.00 price target.
See today’s analyst top recommended stocks >>
The company has a one-year high of $43.51 and a one-year low of $34.49. Currently, Cinemark Holdings Inc has an average volume of 1.03M.
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.
