Barclays Capital Boosts Price Target on Cinemark Holdings (CNK)

By admin | 6 years ago

Investment analysts at Barclays Capital (NYSE: BCS) upped their target price on shares of Cinemark Holdings (NYSE: CNK) from $24.00 to $26.00 in a note issued to investors on Tuesday. The firm currently has an “equal weight” rating on the stock.

Cinemark Holdings opened at 24.05 on Tuesday. Cinemark Holdings has a 52-week low of $17.10 and a 52-week high of $24.43. The company has a market cap of $2.713 billion and a price-to-earnings ratio of 21.10.

Cinemark Holdings last posted its quarterly earnings results on Monday, May 7th. The company reported $0.37 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.34 by $0.03. The company’s quarterly revenue was up 19.8% on a year-over-year basis. Analysts expect that Cinemark Holdings will post $0.51 EPS next quarter.

Several other analysts have also recently commented on the stock. Analysts at Hudson Square Research raised their price target on shares of Cinemark Holdings from $25.00 to $28.00 in a research note to investors on Tuesday. Separately, analysts at Nomura (NYSE: NMR) reiterated a “buy” rating on shares of Cinemark Holdings in a research note to investors on Monday. Finally, analysts at Morgan Stanley (NYSE: MS) raised their price target on shares of Cinemark Holdings from $21.00 to $23.00 in a research note to investors on Wednesday, April 25th.

Cinemark Holdings, Inc. (Cinemark) is a motion picture exhibitor, with theatres in the United States, Canada, Brazil, Mexico, Chile, Colombia, Argentina, Ecuador, Peru, Honduras, El Salvador, Nicaragua, Costa Rica, Panama and Guatemala.

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