Cinemark Holdings Given Consensus Recommendation of “Buy” by Analysts (NYSE:CNK)
Shares of Cinemark Holdings (NYSE:CNK) have been given an average rating of “Buy” by the fourteen ratings firms that are covering the company, American Banking & Market News reports. Three research analysts have rated the stock with a hold recommendation and nine have issued a buy recommendation on the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $38.89.
Cinemark Holdings (NYSE:CNK) opened at 35.80 on Thursday. Cinemark Holdings has a 52-week low of $27.29 and a 52-week high of $36.51. The stock has a 50-day moving average of $34.65 and a 200-day moving average of $31.66. The company has a market cap of $4.110 billion and a P/E ratio of 20.46.
Cinemark Holdings (NYSE:CNK) last announced its earnings results on Tuesday, August 5th. The company reported $0.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $0.14. The company had revenue of $717.90 million for the quarter, compared to the consensus estimate of $706.42 million. During the same quarter in the previous year, the company posted $0.18 earnings per share. The company’s revenue for the quarter was down 1.1% on a year-over-year basis. On average, analysts predict that Cinemark Holdings will post $1.81 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, September 12th. Investors of record on Thursday, August 28th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 2.79%. The ex-dividend date of this dividend is Tuesday, August 26th.
A number of analysts have recently weighed in on CNK shares. Analysts at Stifel Nicolaus upgraded shares of Cinemark Holdings from a “hold” rating to a “buy” rating in a research note on Wednesday. They now have a $42.00 price target on the stock. Separately, analysts at Wunderlich reiterated a “buy” rating on shares of Cinemark Holdings in a research note on Wednesday, August 13th. They now have a $44.00 price target on the stock, up previously from $40.00. Finally, analysts at MKM Partners raised their price target on shares of Cinemark Holdings from $34.00 to $40.00 in a research note on Friday, July 18th. They now have a “buy” rating on the stock.
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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