Nomura Securities Maintains a 'Buy' on Cinemark Holdings (CNK); Raising Numbers Following Solid Q1
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Price: $37.44 +0.16%
Rating Summary:
17 Buy, 10 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 11 | Down: 18 | New: 20
Rating Summary:
17 Buy, 10 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 11 | Down: 18 | New: 20
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Nomura Securities maintains a 'Buy' on Cinemark Holdings (NYSE: CNK) price target raised $1 to $27.
Analyst, Robert Fishman, said, "Following solid 1Q results, we are raising 2012E EPS from $1.71 to $1.73 and 2013E from $1.79 to $1.84. While we are more cautious on 2Q, given more difficult comps ahead, this past weekend’s record breaking opening of Disney’s (NYSE: DIS) ‘The Avengers’ ($207mn domestic box office) could drive upside if the momentum for the quarter continues. Internationally, we are decreasing revenue growth to 17.9% (vs. 18.9%) reflecting ongoing LatAm FX headwinds as well as slower than anticipated roll-out of theatres."
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 $23.68 yesterday.
Analyst, Robert Fishman, said, "Following solid 1Q results, we are raising 2012E EPS from $1.71 to $1.73 and 2013E from $1.79 to $1.84. While we are more cautious on 2Q, given more difficult comps ahead, this past weekend’s record breaking opening of Disney’s (NYSE: DIS) ‘The Avengers’ ($207mn domestic box office) could drive upside if the momentum for the quarter continues. Internationally, we are decreasing revenue growth to 17.9% (vs. 18.9%) reflecting ongoing LatAm FX headwinds as well as slower than anticipated roll-out of theatres."
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 $23.68 yesterday.
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