In a report released today, Eric Wold from B.Riley Financial reiterated a Buy rating on Cinemark Holdings (CNK – Research Report), with a price target of $31.00. The company’s shares closed last Friday at $17.72.
According to TipRanks.com, Wold is a 5-star analyst with an average return of 24.0% and a 58.3% success rate. Wold covers the Services sector, focusing on stocks such as Redbox Entertainment, National Cinemedia, and AMC Entertainment.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Cinemark Holdings with a $24.50 average price target, implying a 29.6% upside from current levels. In a report issued on February 25, Barrington also reiterated a Buy rating on the stock with a $26.00 price target.
The company has a one-year high of $26.12 and a one-year low of $13.37. Currently, Cinemark Holdings has an average volume of 2.91M.
Based on the recent corporate insider activity of 29 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of CNK in relation to earlier this year.
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.
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