Cinemark Holdings, Inc. (NYSE:CNK) Receives $30.80 Consensus Price Target from Analysts

Shares of Cinemark Holdings, Inc. (NYSE:CNK) have earned a consensus rating of “Moderate Buy” from the eleven brokerages that are presently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation, six have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $30.80.

CNK has been the topic of a number of research reports. StockNews.com upgraded shares of Cinemark from a “sell” rating to a “hold” rating in a report on Sunday. Wells Fargo & Company upped their price objective on shares of Cinemark from $31.00 to $35.00 and gave the stock an “overweight” rating in a report on Friday, November 1st. Macquarie raised their target price on shares of Cinemark from $32.00 to $34.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Barrington Research raised Cinemark from a “market perform” rating to an “outperform” rating and set a $36.00 price target on the stock in a research report on Thursday, October 31st. Finally, The Goldman Sachs Group raised their price objective on Cinemark from $16.00 to $20.00 and gave the company a “sell” rating in a research report on Thursday, September 19th.

Cinemark Price Performance

Shares of NYSE CNK opened at $32.37 on Friday. Cinemark has a 1 year low of $13.19 and a 1 year high of $32.48. The stock has a market capitalization of $3.96 billion, a P/E ratio of 20.90, a P/E/G ratio of 1.58 and a beta of 2.35. The company’s 50-day moving average is $28.51 and its 200 day moving average is $23.67. The company has a debt-to-equity ratio of 3.46, a current ratio of 0.98 and a quick ratio of 0.96.

Cinemark (NYSE:CNK) last announced its earnings results on Thursday, October 31st. The company reported $1.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.58 by $0.61. The firm had revenue of $921.80 million during the quarter, compared to analyst estimates of $894.90 million. Cinemark had a return on equity of 60.21% and a net margin of 8.36%. The business’s revenue was up 5.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.61 EPS. On average, sell-side analysts expect that Cinemark will post 2 earnings per share for the current year.

Insider Activity at Cinemark

In other Cinemark news, insider Valmir Fernandes sold 25,000 shares of the business’s stock in a transaction on Monday, August 19th. The shares were sold at an average price of $27.19, for a total transaction of $679,750.00. Following the completion of the sale, the insider now directly owns 204,729 shares in the company, valued at approximately $5,566,581.51. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.30% of the stock is owned by insiders.

Institutional Investors Weigh In On Cinemark

Several hedge funds and other institutional investors have recently made changes to their positions in CNK. GAMMA Investing LLC raised its stake in shares of Cinemark by 106.1% in the third quarter. GAMMA Investing LLC now owns 2,020 shares of the company’s stock worth $56,000 after buying an additional 1,040 shares during the period. Point72 Asia Singapore Pte. Ltd. raised its stake in Cinemark by 38.7% during the 2nd quarter. Point72 Asia Singapore Pte. Ltd. now owns 3,145 shares of the company’s stock worth $68,000 after acquiring an additional 877 shares during the period. USA Financial Formulas purchased a new position in Cinemark during the third quarter valued at approximately $77,000. 1620 Investment Advisors Inc. bought a new position in shares of Cinemark in the second quarter worth approximately $79,000. Finally, CWM LLC increased its stake in shares of Cinemark by 134.4% in the third quarter. CWM LLC now owns 2,993 shares of the company’s stock worth $83,000 after purchasing an additional 1,716 shares in the last quarter.

Cinemark Company Profile

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.