In a report released today, Mike Hickey from Benchmark Co. maintained a Buy rating on Cinemark Holdings (CNK – Research Report), with a price target of $22.00. The company’s shares closed yesterday at $18.43.
Hickey covers the Communication Services sector, focusing on stocks such as Cinemark Holdings, IMAX, and Take-Two. According to TipRanks, Hickey has an average return of -2.7% and a 57.33% success rate on recommended stocks.
Cinemark Holdings has an analyst consensus of Hold, with a price target consensus of $17.00.
CNK market cap is currently $2.24B and has a P/E ratio of 14.93.
Based on the recent corporate insider activity of 32 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 (CNK) Company Description:
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.
Read More on CNK:
