Cinemark Holdings (CNK) Receives a Buy from Barrington

Barrington analyst James Goss reiterated a Buy rating on Cinemark Holdings (CNKResearch Report) today and set a price target of $26.00. The company’s shares opened today at $17.47.

According to TipRanks, Goss is an analyst with an average return of -4.2% and a 41.14% success rate. Goss covers the Services sector, focusing on stocks such as Clear Channel Outdoor, Warner Bros, and AMC Entertainment.

Currently, the analyst consensus on Cinemark Holdings is a Moderate Buy with an average price target of $22.50, a 28.79% upside from current levels. In a report released on August 8, B.Riley Financial also reiterated a Buy rating on the stock with a $23.00 price target.

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Based on Cinemark Holdings’ latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $744.1 million and a GAAP net loss of $73.4 million. In comparison, last year the company earned a revenue of $294.6 million and had a GAAP net loss of $142.4 million

Based on the recent corporate insider activity of 30 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.

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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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