B. Riley Maintains a Buy Rating on Reading International Inc

By Carrie Williams

In a report released today, Eric Wold from B. Riley maintained a Buy rating on Reading International Inc (NASDAQ: RDI), with a price target of $26. The company’s shares closed yesterday at $13.12.

According to TipRanks.com, Wold is a 5-star analyst with an average return of 11.3% and a 61.0% success rate. Wold covers the Services sector, focusing on stocks such as Salem Communications Corp., Cinemark Holdings Inc, and Regal Entertainment.

Reading International Inc has an analyst consensus of Moderate Buy, with a price target consensus of $26.

Based on Reading International Inc’s latest earnings report from June 30, the company posted quarterly revenue of $66.92M and quarterly net profit of $2.97M. In comparison, last year the company earned revenue of $57.79M and had a net profit of $381K.

Based on the recent corporate insider activity of 10 insiders, corporate insider sentiment is negative on the stock. Most recently, in September 2016, James J. Cotter, the On June 18, 2015, the issuer disclosed in a Curren of RDI sold 60,000 shares for a total of $812,000.

Reading International, Inc. engages in the provision of development, ownership and operation of multiplex cinemas and retail and commercial real estate. It operates through Cinema Exhibition and Real Estate business segments. The Cinema Exhibition segment consists of multiplex theaters. The Real Estate segment includes investment, development, and the rental of retail, commercial and live theater assets. The company was founded in 1999 and is headquartered in Los Angeles, CA.