Cinemark Holdings Inc (CNK) Receives Price Target

Cinemark Holdings Inc (CNK) : The consensus price target for Cinemark Holdings Inc (CNK) is $41.63 for the short term with a standard deviation of $3.65. The most optimist securities analyst among the 12 who monitor the stock believes that the stock can reach $47, however, the pessimist price target for the company is $35.

Cinemark Holdings Inc (CNK) : 13 analysts are covering Cinemark Holdings Inc (CNK) and their average rating on the stock is 1.92, which is read as a Buy. 8 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. However, 1 analysts consider that the stock has more downward risks ahead, hence, they suggest a Strong Sell on the stock. A total of 4 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.


Also, Loop Capital initiates coverage on Cinemark Holdings Inc (NYSE:CNK). The current rating of the shares is Buy, according to the research report released by the firm. The rating by the firm was issued on August 24, 2016.

Cinemark Holdings Inc (NYSE:CNK): The stock opened at $38.77 on Thursday but the bulls could not build on the opening and the stock topped out at $38.98 for the day. The stock traded down to $38.36 during the day, due to lack of any buying support eventually closed down at $38.60 with a loss of -0.13% for the day. The stock had closed at $38.65 on the previous day. The total traded volume was 738,101 shares.

Cinemark Holdings, Inc. is engaged in the motion picture exhibition business with theatres in the United States, Brazil, Mexico, Argentina, Chile, Colombia, Peru, Ecuador, Honduras, El Salvador, Nicaragua, Costa Rica, Panama, Guatemala and Bolivia. The Company manages its business in two segments: U.S. markets and international markets. As of December 31, 2014, the Company operated 495 theatres and 5,676 screens in 41 states and 13 Latin American countries. The Company develops new platforms and markets concepts for its domestic theatre circuit, including NextGen, CineArts, Cinemark Bistro, Cinemark Reserve and other premium concepts, such as its Cinemark XD Extreme Digital Cinema (XD). As of December 31, 2014, the Companys United States circuit had 335 theatres and 4,499 screens in 41 states and its international circuit had 160 theatres and 1,177 screens.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.