Barrington Reaffirms Their Buy Rating on Cinemark Holdings (CNK)

In a report released today, Patrick Sholl from Barrington maintained a Buy rating on Cinemark Holdings, with a price target of $32.00.

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According to TipRanks, Sholl is a 3-star analyst with an average return of 5.7% and a 39.17% success rate. Sholl covers the Communication Services sector, focusing on stocks such as Warner Bros, Nexstar Media Group, and Marcus.

In addition to Barrington, Cinemark Holdings also received a Buy from J.P. Morgan’s David Karnovsky in a report issued on January 22. However, on the same day, B. Riley Securities maintained a Hold rating on Cinemark Holdings (NYSE: CNK).

Based on Cinemark Holdings’ latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $857.5 million and a net profit of $48.9 million. In comparison, last year the company earned a revenue of $921.8 million and had a net profit of $187.8 million

Based on the recent corporate insider activity of 52 insiders, corporate insider sentiment is neutral on the stock. Last month, Mark Zoradi, a Director at CNK sold 2,000.00 shares for a total of $32,340.00.