Analysts’ Opinions Are Mixed on These Services Stocks: Cinemark Holdings Inc (NYSE: CNK), JC Penney (NYSE: JCP) and Boot Barn (NYSE: BOOT)

By Ryan Adsit

Analysts have been eager to weigh in on the Services sector with new ratings on Cinemark Holdings Inc (NYSE: CNK), JC Penney (NYSE: JCP) and Boot Barn (NYSE: BOOT).

Cinemark Holdings Inc (NYSE: CNK)

Piper Jaffray analyst Stan Meyers reiterated a Buy rating on Cinemark Holdings Inc (NYSE: CNK) on September 14 and set a price target of $44. The company’s shares closed on Friday at $35.50.

According to TipRanks.com, Meyers is ranked 0 out of 5 stars with an average return of -5.9% and a 34.0% success rate. Meyers covers the Services sector, focusing on stocks such as Lions Gate Ent Corp Cl A, Regal Entertainment, and National Cinemedia.

Cinemark Holdings Inc has an analyst consensus of Strong Buy, with a price target consensus of $45.08.

JC Penney (NYSE: JCP)

In a report issued on September 14, Erinn Murphy from Piper Jaffray reiterated a Hold rating on JC Penney (NYSE: JCP), with a price target of $4. The company’s shares closed on Friday at $4.21, close to its 52-week low of $3.45.

According to TipRanks.com, Murphy is ranked 0 out of 5 stars with an average return of -7.1% and a 42.5% success rate. Murphy covers the Consumer Goods sector, focusing on stocks such as The Estée Lauder Companies Inc, Wolverine World Wide, and G-III Apparel Group.

Currently, the analyst consensus on JC Penney is Hold and the average price target is $4.81, representing a 14.3% upside.

In a report issued on August 31, Robert W. Baird also reiterated a Hold rating on the stock with a $5 price target.
Boot Barn (NYSE: BOOT)

Piper Jaffray analyst Peter Keith reiterated a Buy rating on Boot Barn (NYSE: BOOT) on September 15 and set a price target of $11. The company’s shares closed on Friday at $8.59.

According to TipRanks.com, Keith is a 3-star analyst with an average return of 2.4% and a 48.7% success rate. Keith covers the Services sector, focusing on stocks such as Restoration Hardware Holdings Inc, Ollie’s Bargain Outlet Holding, and Floor & Decor Holdings Inc.

Currently, the analyst consensus on Boot Barn is Strong Buy and the average price target is $11.33, representing a 31.9% upside.

In a report issued on September 8, Robert W. Baird also reiterated a Buy rating on the stock with a $11 price target.

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