Wedbush Maintains a 'Neutral' on Cinemark Holdings (CNK); Revising Q2, FY Estimates
Tweet Send to a FriendGet Alerts CNK Hot Sheet
Price: $30.05 +0.30%
Rating Summary:
6 Buy, 7 Hold, 0 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 19 | Down: 23 | New: 29
Rating Summary:
6 Buy, 7 Hold, 0 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 19 | Down: 23 | New: 29
Trade CNK Now!
Wedbush maintains a 'Neutral' on Cinemark Holdings (NYSE: CNK) price target of $24.00.
Analyst, Michael Pachter, said, "Our Q2 EPS estimate for Cinemark goes to $0.43 from $0.46, and for the full year, our EPS estimate for Cinemark goes to $1.62 from $1.65, compared to consensus of $1.61."
"After accounting for Cinemark’s ownership stake in National CineMedia, we arrive at a $24 price target, which reflects a 6.1x EV/EBITDA multiple on 2013 estimates. Cinemark’s multiple reflects its growing international footprint and lower debt ratios, while maintaining our caution given its dependence on economic growth in Latin America."
For an analyst ratings summary and ratings history on Cinemark Holdings click here. For more ratings news on Cinemark Holdings click here.
Shares of Cinemark Holdings closed at $23.42 yesterday, with a 52 week range of $17.10-$24.45.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
Analyst, Michael Pachter, said, "Our Q2 EPS estimate for Cinemark goes to $0.43 from $0.46, and for the full year, our EPS estimate for Cinemark goes to $1.62 from $1.65, compared to consensus of $1.61."
"After accounting for Cinemark’s ownership stake in National CineMedia, we arrive at a $24 price target, which reflects a 6.1x EV/EBITDA multiple on 2013 estimates. Cinemark’s multiple reflects its growing international footprint and lower debt ratios, while maintaining our caution given its dependence on economic growth in Latin America."
For an analyst ratings summary and ratings history on Cinemark Holdings click here. For more ratings news on Cinemark Holdings click here.
Shares of Cinemark Holdings closed at $23.42 yesterday, with a 52 week range of $17.10-$24.45.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
You May Also Be Interested In
- Jefferies Lifts Numbers on Diana Shipping (DSX) Post Q1
- MKM Partners Lifts PT on KB Home (KBH) After Management Meetings
- Topeka Capital Starts CEVA Inc. (CEVA) at Buy
Create E-mail Alert Related Categories
Analyst Comments, Analyst EPS Change, Analyst EPS View
Login with Facebook
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
