Cinemark Holdings Price Target Cut to $35.00 by Analysts at Macquarie (CNK)
Equities researchers at Macquarie dropped their price target on shares of Cinemark Holdings (NYSE:CNK) from $36.00 to $35.00 in a research report issued on Thursday, AR Network reports. Macquarie’s price objective suggests a potential upside of 21.23% from the stock’s previous close.
Cinemark Holdings (NYSE:CNK) traded down 0.24% on Thursday, hitting $28.80. 252,883 shares of the company’s stock traded hands. Cinemark Holdings has a 52 week low of $25.00 and a 52 week high of $34.35. The stock’s 50-day moving average is $30.45 and its 200-day moving average is $31.62. The company has a market cap of $3.285 billion and a P/E ratio of 20.75.
Cinemark Holdings (NYSE:CNK) last announced its earnings results on Wednesday, February 19th. The company reported $0.13 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.39 by $0.26. The company had revenue of $651.90 million for the quarter, compared to the consensus estimate of $660.87 million. Analysts expect that Cinemark Holdings will post $1.91 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Wednesday, March 19th. Stockholders of record on Tuesday, March 4th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 3.46%. The ex-dividend date of this dividend is Friday, February 28th.
Other equities research analysts have also recently issued reports about the stock. Analysts at Topeka Capital Markets initiated coverage on shares of Cinemark Holdings in a research note on Wednesday. They set a “buy” rating on the stock. Separately, 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. Finally, 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. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $35.45.
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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