Nomura Reiterates Buy on Cinemark Holdings (CNK)

By admin | 6 years ago

Cinemark Holdings (NYSE: CNK)‘s stock had its “buy” rating reiterated by investment analysts at Nomura (NYSE: NMR) in a note issued to investors on Monday.

Shares of Cinemark Holdings traded up 0.38% during mid-day trading on Monday, hitting $23.77. 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 $2.682 billion and a P/E ratio of 20.77.

Cinemark Holdings last announced its earnings results on Monday, May 7th. The company reported $0.37 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.34 by $0.03. Cinemark Holdings’s revenue was up 19.8% compared to the same quarter last year. On average, analysts predict that Cinemark Holdings will post $0.51 earnings per share next quarter.

A number of other firms have also recently commented on CNK. 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. Separately, analysts at Wedbush raised their price target on shares of Cinemark Holdings from $22.00 to $24.00 in a research note to investors on Wednesday, April 4th. They now have a “neutral” rating on the stock.

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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