Cinemark Holdings, Inc. (NYSE:CNK) Receives Average Recommendation of “Moderate Buy” from Analysts

Shares of Cinemark Holdings, Inc. (NYSE:CNKGet Free Report) have earned an average recommendation of “Moderate Buy” from the ten analysts that are currently covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, six have assigned a buy rating and one has issued a strong buy rating on the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $21.33.

A number of research analysts have weighed in on the company. Barrington Research reissued an “outperform” rating and set a $24.00 price target on shares of Cinemark in a research note on Monday, June 17th. Roth Mkm raised Cinemark from a “neutral” rating to a “buy” rating and increased their price target for the stock from $19.00 to $26.00 in a research note on Monday, June 24th. Benchmark reissued a “buy” rating and set a $23.00 price target on shares of Cinemark in a research note on Monday, July 1st. JPMorgan Chase & Co. increased their price target on Cinemark from $17.00 to $19.00 and gave the stock a “neutral” rating in a research note on Monday, April 8th. Finally, StockNews.com lowered Cinemark from a “hold” rating to a “sell” rating in a research note on Thursday, May 30th.

Get Our Latest Stock Analysis on Cinemark

Cinemark Price Performance

Shares of NYSE:CNK opened at $21.73 on Friday. The business’s fifty day moving average price is $18.45 and its two-hundred day moving average price is $16.95. The stock has a market cap of $2.66 billion, a PE ratio of 14.99, a price-to-earnings-growth ratio of 2.00 and a beta of 2.36. The company has a debt-to-equity ratio of 7.42, a quick ratio of 1.45 and a current ratio of 1.48. Cinemark has a one year low of $13.19 and a one year high of $21.87.

Cinemark (NYSE:CNKGet Free Report) last announced its earnings results on Thursday, May 2nd. The company reported $0.19 EPS for the quarter, beating analysts’ consensus estimates of ($0.21) by $0.40. The firm had revenue of $579.00 million for the quarter, compared to analysts’ expectations of $561.91 million. Cinemark had a return on equity of 69.48% and a net margin of 7.12%. Cinemark’s quarterly revenue was down 5.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.03) EPS. On average, analysts forecast that Cinemark will post 1.07 EPS 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. raised its position in Cinemark by 17.2% in the fourth 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. Virtu Financial LLC purchased a new position in Cinemark in the fourth quarter valued at about $192,000. Mackenzie Financial Corp purchased a new position in Cinemark in the fourth quarter valued at about $210,000. Watershed Asset Management L.L.C. grew its stake in shares of Cinemark by 6.2% during the fourth quarter. Watershed Asset Management L.L.C. now owns 15,658 shares of the company’s stock valued at $221,000 after acquiring an additional 915 shares in the last quarter. Finally, Inspire Advisors LLC acquired a new stake in shares of Cinemark during the first quarter valued at about $240,000.

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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Analyst Recommendations for Cinemark (NYSE:CNK)

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