Cinemark Holdings Sets New 1-Year High at $34.68 (CNK)
Cinemark Holdings (NYSE:CNK)’s share price hit a new 52-week high during trading on Thursday , AnalystRatingsNetwork.com reports. The company traded as high as $34.68 and last traded at $34.51, with a volume of 317,902 shares. The stock had previously closed at $34.11.
Several analysts have recently commented on the stock. Analysts at B. Riley upgraded shares of Cinemark Holdings from a “neutral” rating to a “buy” rating in a research note on Tuesday, May 27th. They now have a $36.75 price target on the stock, up previously from $33.50. 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. Two analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $35.33.
The stock’s 50-day moving average is $31.43 and its 200-day moving average is $30.49. The company has a market cap of $3.968 billion and a P/E ratio of 26.04.
Cinemark Holdings (NYSE:CNK) last posted its quarterly earnings results on Tuesday, May 6th. The company reported $0.31 earnings per share (EPS) for the quarter, beating the 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 previous year, the company posted $0.28 earnings per share. The company’s revenue for the quarter was up 9.9% on a year-over-year basis. On average, analysts predict that Cinemark Holdings will post $1.79 earnings per share for the current fiscal year.
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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