Cinemark’s (CNK) “Buy” Rating Reaffirmed at Benchmark

Benchmark reiterated their buy rating on shares of Cinemark (NYSE:CNKFree Report) in a research note issued to investors on Monday, Benzinga reports. They currently have a $23.00 price objective on the stock.

CNK has been the subject of a number of other reports. StockNews.com lowered shares of Cinemark from a hold rating to a sell rating in a report on Thursday, May 30th. Roth Capital upgraded shares of Cinemark from a hold rating to a strong-buy rating in a report on Monday, June 24th. Barrington Research reiterated an outperform rating and set a $24.00 price target on shares of Cinemark in a report on Monday, June 17th. Wells Fargo & Company upgraded shares of Cinemark from an underweight rating to an overweight rating and upped their price target for the company from $13.00 to $23.00 in a report on Friday, April 5th. Finally, Roth Mkm upgraded shares of Cinemark from a neutral rating to a buy rating and upped their price target for the company from $19.00 to $26.00 in a report on Monday, June 24th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of Moderate Buy and an average price target of $21.33.

Get Our Latest Stock Analysis on Cinemark

Cinemark Trading Down 0.2 %

Shares of Cinemark stock opened at $21.57 on Monday. Cinemark has a 1 year low of $13.19 and a 1 year high of $21.87. The firm has a market cap of $2.64 billion, a PE ratio of 14.88, a PEG ratio of 2.02 and a beta of 2.36. The company has a debt-to-equity ratio of 7.42, a current ratio of 1.48 and a quick ratio of 1.45. The company has a 50 day simple moving average of $18.14 and a two-hundred day simple moving average of $16.79.

Cinemark (NYSE:CNKGet Free Report) last announced its quarterly earnings data on Thursday, May 2nd. The company reported $0.19 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.21) by $0.40. The firm had revenue of $579.00 million during the quarter, compared to analyst estimates of $561.91 million. Cinemark had a net margin of 7.12% and a return on equity of 69.48%. The business’s quarterly revenue was down 5.2% on a year-over-year basis. During the same period in the previous year, the business posted ($0.03) EPS. Analysts expect that Cinemark will post 1.07 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. NBC Securities Inc. increased its position in Cinemark by 17.2% during the 4th quarter. NBC Securities Inc. now owns 4,764 shares of the company’s stock valued at $67,000 after purchasing an additional 700 shares during the period. Algert Global LLC purchased a new position in Cinemark during the 3rd quarter valued at $222,000. Inspire Advisors LLC purchased a new position in Cinemark during the 1st quarter valued at $240,000. Virtu Financial LLC purchased a new position in Cinemark during the 4th quarter valued at $192,000. Finally, Mackenzie Financial Corp purchased a new stake in shares of Cinemark in the 4th quarter worth about $210,000.

About Cinemark

(Get Free Report)

Cinemark Holdings, Inc, together with its subsidiaries, engages in the motion picture exhibition business. As of February 16, 2024, it operated 501 theatres with 5,719 screens in 42 states and 13 countries in South and Central America. Cinemark Holdings, Inc was founded in 1984 and is headquartered in Plano, Texas.

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