Cinemark Holdings Inc (NYSE:CNK) Receives $32.69 Consensus Price Target from Brokerages

Cinemark Holdings Inc (NYSE:CNK) has been assigned a consensus recommendation of “Moderate Buy” from the fifteen brokerages that are covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, four have given a hold recommendation and ten have given a buy recommendation to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $32.6923.

CNK has been the topic of a number of recent analyst reports. Roth Mkm restated a “buy” rating and set a $36.00 target price on shares of Cinemark in a report on Thursday, February 19th. Barrington Research restated an “outperform” rating and set a $32.00 price objective on shares of Cinemark in a report on Thursday, February 19th. Weiss Ratings restated a “hold (c)” rating on shares of Cinemark in a report on Friday, March 27th. Zacks Research upgraded shares of Cinemark from a “strong sell” rating to a “hold” rating in a report on Monday, March 2nd. Finally, JPMorgan Chase & Co. upped their price objective on shares of Cinemark from $31.00 to $35.00 and gave the company an “overweight” rating in a research report on Wednesday, April 8th.

Cinemark Stock Performance

CNK stock opened at $30.31 on Friday. The business’s fifty day moving average is $27.68 and its 200-day moving average is $26.27. The company has a quick ratio of 0.67, a current ratio of 0.71 and a debt-to-equity ratio of 4.74. The company has a market cap of $3.54 billion, a P/E ratio of 34.84 and a beta of 1.09. Cinemark has a twelve month low of $21.60 and a twelve month high of $34.01.

Cinemark (NYSE:CNK) last issued its earnings results on Wednesday, February 18th. The company reported $0.16 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.08). Cinemark had a return on equity of 34.11% and a net margin of 4.44%.The company had revenue of $776.30 million for the quarter, compared to the consensus estimate of $778.41 million. During the same quarter last year, the business posted $0.33 EPS. Cinemark’s quarterly revenue was down 4.7% on a year-over-year basis. Equities research analysts forecast that Cinemark will post 2.05 EPS for the current year.

Cinemark Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 17th. Investors of record on Tuesday, March 3rd were given a $0.09 dividend. The ex-dividend date was Tuesday, March 3rd. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.2%. Cinemark’s dividend payout ratio is currently 41.38%.

Insider Activity at Cinemark

In other news, EVP Melissa Thomas sold 7,944 shares of the firm’s stock in a transaction dated Wednesday, February 4th. The stock was sold at an average price of $26.05, for a total transaction of $206,941.20. Following the sale, the executive vice president owned 159,416 shares of the company’s stock, valued at $4,152,786.80. This trade represents a 4.75% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 2.40% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Cinemark

A number of hedge funds have recently modified their holdings of the business. EverSource Wealth Advisors LLC lifted its stake in Cinemark by 118.5% in the second quarter. EverSource Wealth Advisors LLC now owns 935 shares of the company’s stock valued at $28,000 after buying an additional 507 shares in the last quarter. Financial Consulate Inc. bought a new position in Cinemark in the third quarter valued at approximately $50,000. Meeder Asset Management Inc. acquired a new position in Cinemark in the 3rd quarter worth $63,000. Smartleaf Asset Management LLC boosted its stake in Cinemark by 20.1% in the 3rd quarter. Smartleaf Asset Management LLC now owns 3,027 shares of the company’s stock worth $83,000 after purchasing an additional 506 shares during the period. Finally, Leonteq Securities AG acquired a new position in Cinemark in the 4th quarter worth $83,000.

About Cinemark

Cinemark Holdings, Inc (NYSE: CNK) is a leading theatrical exhibitor that acquires, develops and operates motion picture theatres under the Cinemark® brand in the United States and Latin America. The company’s core business involves the presentation of first-run feature films coupled with an array of in‐theatre services, including concessions, premium auditoriums and loyalty programs. Cinemark’s exhibition portfolio encompasses both corporate‐owned and franchised complexes, offering moviegoers a range of experiences from standard screens to large‐format halls.

The company’s product offerings extend beyond ticket sales to include an assortment of concession items, such as popcorn, fountain beverages, candy and specialty snacks, as well as bar and lounge concepts in select locations.