Cinemark Holdings Receives New Coverage from Analysts at Topeka Capital Markets (CNK)
Topeka Capital Markets started coverage on shares of Cinemark Holdings (NYSE:CNK) in a research note issued on Wednesday, TheFlyOnTheWall.com reports. The firm set a “buy” rating on the stock.
Several other analysts have also recently commented on the stock. Analysts at MKM Partners cut their price target on shares of Cinemark Holdings from $38.00 to $34.00 in a research note on Tuesday. They now have a “buy” rating on the stock. Separately, analysts at JPMorgan Chase & Co. upgraded shares of Cinemark Holdings from a “neutral” rating to an “overweight” rating in a research note on Monday, February 10th. Finally, analysts at Zacks downgraded shares of Cinemark Holdings from a “neutral” rating to an “underperform” rating in a research note on Wednesday, January 8th. They now have a $30.80 price target on the stock. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of “Buy” and an average target price of $35.38.
Cinemark Holdings (NYSE:CNK) opened at 29.29 on Wednesday. Cinemark Holdings has a one year low of $25.00 and a one year high of $34.35. The stock’s 50-day moving average is $30.59 and its 200-day moving average is $31.64. The company has a market cap of $3.341 billion and a P/E ratio of 21.65.
The company also recently announced a quarterly dividend, which is scheduled for Wednesday, March 19th. Stockholders of record on Tuesday, March 4th will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 3.41%. The ex-dividend date is Friday, February 28th.
Cinemark Holdings, Inc , is engaged in the motion picture exhibition business with theatres in the United States, Brazil, Mexico, Argentina, Chile, Colombia, Peru, El Salvador, Nicaragua, Costa Rica, Panama and Guatemala.
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