B. Riley Downgrades Cinemark Holdings to Neutral (CNK)
Several other analysts have also recently commented on the stock. Analysts at Topeka Capital Markets raised their price target on shares of Cinemark Holdings to $39.00 in a research note on Thursday. Separately, analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Cinemark Holdings in a research note on Monday, June 30th. They now have a $39.00 price target on the stock, up previously from $34.00. Finally, 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. Three investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $35.78.
Shares of Cinemark Holdings (NYSE:CNK) opened at 35.69 on Monday. Cinemark Holdings has a 52 week low of $27.29 and a 52 week high of $35.96. The stock’s 50-day moving average is $32.41 and its 200-day moving average is $30.61. The company has a market cap of $4.097 billion and a price-to-earnings ratio of 27.12.
Cinemark Holdings (NYSE:CNK) last issued its quarterly earnings data 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. Analysts expect that Cinemark Holdings will post $1.78 EPS 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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