Cinemark Holdings PT Raised to $36.75 at ING Group (CNK)
Stock analysts at ING Group lifted their target price on shares of Cinemark Holdings (NYSE:CNK) from $33.50 to $36.75 in a report issued on Tuesday. The firm currently has a “buy” rating on the stock. ING Group’s target price points to a potential upside of 20.10% from the company’s current price.
Shares of Cinemark Holdings (NYSE:CNK) traded up 2.25% on Tuesday, hitting $31.29. The stock had a trading volume of 262,795 shares. Cinemark Holdings has a 52-week low of $26.59 and a 52-week high of $34.35. The stock has a 50-day moving average of $29.21 and a 200-day moving average of $30.61. The company has a market cap of $3.591 billion and a price-to-earnings ratio of 23.36.
Cinemark Holdings (NYSE:CNK) last posted its quarterly earnings results on Tuesday, May 6th. The company reported $0.31 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.27 by $0.04. The company had revenue of $602.30 million for the quarter, compared to the consensus estimate of $590.81 million. During the same quarter in the prior year, the company posted $0.28 earnings per share. The company’s quarterly revenue was up 9.9% on a year-over-year basis. Analysts expect that Cinemark Holdings will post $1.80 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, June 20th. Investors of record on Friday, June 6th will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 3.27%. The ex-dividend date is Wednesday, June 4th.
A number of other firms have also recently commented on CNK. Analysts at B. Riley upgraded shares of Cinemark Holdings from a “neutral” rating to a “buy” rating in a research note on Tuesday. They now have a $36.75 price target on the stock, up previously from $33.50. Separately, analysts at Zacks upgraded shares of Cinemark Holdings from an “underperform” rating to a “neutral” rating in a research note on Thursday, April 10th. They now have a $29.20 price target on the stock. Finally, analysts at FBR Capital Markets cut their price target on shares of Cinemark Holdings from $38.00 to $36.00 in a research note on Tuesday, March 18th. They now have an “outperform” rating on the stock. Two research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $35.44.
Cinemark Holdings, Inc is engaged in the motion picture exhibition business with theatres. The Company manages its business in two segments: United States markets and international markets.
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