In a report issued on March 17, Eric Wold from B. Riley reiterated a Buy rating on Reading International Inc (NASDAQ: RDI), with a price target of $26. The company’s shares closed last Friday at $16.04.
According to TipRanks.com, Wold is a 5-star analyst with an average return of 10.5% and a 55.7% 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 for the quarter ending December 31, the company posted quarterly revenue of $67.45 million and quarterly net profit of $352K. In comparison, last year the company earned revenue of $66.15 million and had a net profit of $3.28 million.
Based on the recent corporate insider activity of 18 insiders, corporate insider sentiment is neutral on the stock. Most recently, in December 2016, James J. Cotter, the On June 18, 2015, the issuer disclosed in a Curren of RDI sold 41,603 shares for a total of $661,168.
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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.