Wedbush Maintains a 'Neutral' on Cinemark Holdings (CNK); Revising Q2, FY Estimates
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Price: $37.52 +0.37%
Rating Summary:
17 Buy, 10 Hold, 0 Sell
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Today's Overall Ratings:
Up: 12 | Down: 23 | New: 20
Rating Summary:
17 Buy, 10 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 12 | Down: 23 | New: 20
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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.
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.
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