Cinemark (NYSE:CNK) Lowered to Sell at StockNews.com

Cinemark (NYSE:CNKGet Rating) was downgraded by StockNews.com from a “hold” rating to a “sell” rating in a research note issued on Monday.

A number of other analysts have also recently issued reports on the company. The Goldman Sachs Group decreased their target price on Cinemark from $15.40 to $13.60 and set a “sell” rating for the company in a report on Monday, March 7th. Wedbush reaffirmed an “outperform” rating and issued a $32.00 price objective on shares of Cinemark in a research report on Tuesday, February 22nd. Barrington Research lowered their price objective on shares of Cinemark from $26.00 to $22.00 in a research report on Monday, March 7th. Wells Fargo & Company lowered their price objective on shares of Cinemark from $24.00 to $22.00 and set an “equal weight” rating for the company in a research report on Monday, February 28th. Finally, Zacks Investment Research raised shares of Cinemark from a “sell” rating to a “hold” rating in a research report on Wednesday, February 23rd. Two analysts have rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $23.45.

Cinemark stock traded up $0.03 during midday trading on Monday, reaching $16.64. The company’s stock had a trading volume of 1,789,532 shares, compared to its average volume of 2,675,436. Cinemark has a fifty-two week low of $13.37 and a fifty-two week high of $25.20. The company has a debt-to-equity ratio of 7.71, a quick ratio of 1.12 and a current ratio of 1.14. The stock’s 50 day simple moving average is $16.81 and its 200 day simple moving average is $17.40. The firm has a market capitalization of $1.99 billion, a PE ratio of -4.70, a P/E/G ratio of 11.90 and a beta of 2.29.

Cinemark (NYSE:CNKGet Rating) last posted its quarterly earnings data on Friday, February 25th. The company reported $0.05 EPS for the quarter, topping analysts’ consensus estimates of ($0.14) by $0.19. The firm had revenue of $666.70 million during the quarter, compared to analysts’ expectations of $598.07 million. Cinemark had a negative return on equity of 107.64% and a negative net margin of 27.99%. The firm’s quarterly revenue was up 578.9% compared to the same quarter last year. During the same quarter last year, the business posted ($2.03) EPS. Equities analysts predict that Cinemark will post 0.14 earnings per share for the current year.

Several institutional investors have recently added to or reduced their stakes in the company. Point72 Hong Kong Ltd bought a new position in Cinemark during the fourth quarter worth $32,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main bought a new position in Cinemark during the fourth quarter worth $37,000. Herold Advisors Inc. bought a new position in Cinemark during the third quarter worth $38,000. Marshall Wace LLP bought a new position in Cinemark during the first quarter worth $65,000. Finally, Geneos Wealth Management Inc. lifted its stake in Cinemark by 80.7% during the fourth quarter. Geneos Wealth Management Inc. now owns 5,935 shares of the company’s stock worth $95,000 after purchasing an additional 2,650 shares during the last quarter. Institutional investors own 91.25% of the company’s stock.

Cinemark Company Profile (Get Rating)

Cinemark Holdings, Inc is a holding company, which engages in the provision of motion picture exhibitions through its subsidiaries. It operates through the U.S. and International segments. The company was founded by Lee Roy Mitchell in 1984 and is headquartered in Plano, TX.

Further Reading

Analyst Recommendations for Cinemark (NYSE:CNK)

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