Barclays Raises PT and Estimates on Cinemark Holdings (CNK); Captain Latin America
Tweet
Share
E-mailGet Alerts CNK Hot Sheet
Price: $17.71 --0%
Rating Summary:
14 Buy, 9 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 7 | Down: 5 | New: 3
Rating Summary:
14 Buy, 9 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 7 | Down: 5 | New: 3
Join SI Premium – FREE
Barclays maintains an 'Equalweight' on Cinemark Holdings (NYSE: CNK) price target raised from $24 to $26.
Analyst, Anthony DiClemente, said, "1Q12 results beat expectations driven by upside from Latin America. While the 2Q box office has gotten a boost from the strong debut of The Avengers, we are leaving our domestic estimates unchanged for now and tweaking down our international estimates owing to a stronger FX headwind."
DiClemente also noted that CNK is well positioned for M&A, citing recent discussions with the company, who's management said the environment is becoming more active. (FY12 EPS estimate raised from $1.52 to $1.55, FY13 maintained at $1.70)
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, Anthony DiClemente, said, "1Q12 results beat expectations driven by upside from Latin America. While the 2Q box office has gotten a boost from the strong debut of The Avengers, we are leaving our domestic estimates unchanged for now and tweaking down our international estimates owing to a stronger FX headwind."
DiClemente also noted that CNK is well positioned for M&A, citing recent discussions with the company, who's management said the environment is becoming more active. (FY12 EPS estimate raised from $1.52 to $1.55, FY13 maintained at $1.70)
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.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- UBS Upgrades UDR, Inc. (UDR) to Buy
- Jefferies Downgrades Calix (CALX) to Hold
- Morgan Stanley Downgrades Carrefour SA (CA:FP) (CRRFY) to Equalweight
Create E-mail Alert Related Categories
Analyst Comments, Analyst EPS Change, Analyst EPS View, Analyst PT ChangeRelated Entities
BarclaysSign 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!
