Cinemark (NYSE:CNK) received a $42.00 target price from research analysts at Wedbush in a note issued to investors on Tuesday. The brokerage currently has a “buy” rating on the stock. Wedbush’s price objective would suggest a potential upside of 15.35% from the stock’s previous close.

Other equities research analysts also recently issued research reports about the stock. BidaskClub downgraded shares of Cinemark from a “buy” rating to a “hold” rating in a research note on Friday, August 18th. B. Riley reissued a “buyl” rating on shares of Cinemark in a research note on Sunday, August 13th. Barrington Research reduced their target price on shares of Cinemark from $49.00 to $46.00 and set an “outperform” rating on the stock in a research note on Monday, August 7th. Royal Bank Of Canada reissued a “hold” rating and issued a $43.00 target price on shares of Cinemark in a research note on Wednesday, August 9th. Finally, Piper Jaffray Companies started coverage on shares of Cinemark in a research note on Friday, August 11th. They issued an “overweight” rating and a $44.00 target price on the stock. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and six have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $42.31.

Cinemark (CNK) traded up $0.56 during trading on Tuesday, reaching $36.41. 1,567,000 shares of the company were exchanged, compared to its average volume of 1,098,352. The stock has a market capitalization of $4,240.00, a P/E ratio of 17.15, a price-to-earnings-growth ratio of 1.19 and a beta of 1.18. The company has a current ratio of 1.50, a quick ratio of 1.46 and a debt-to-equity ratio of 1.50. Cinemark has a 52 week low of $32.03 and a 52 week high of $44.84.

Cinemark (NYSE:CNK) last released its quarterly earnings results on Friday, November 3rd. The company reported $0.33 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.35 by ($0.02). The business had revenue of $710.70 million for the quarter, compared to analysts’ expectations of $702.60 million. Cinemark had a net margin of 8.36% and a return on equity of 18.43%. Cinemark’s revenue for the quarter was down 7.5% compared to the same quarter last year. During the same period in the previous year, the company earned $0.56 EPS. sell-side analysts anticipate that Cinemark will post 2 EPS for the current year.

In related news, CEO Mark Zoradi purchased 5,000 shares of Cinemark stock in a transaction that occurred on Friday, September 8th. The shares were bought at an average price of $32.19 per share, with a total value of $160,950.00. Following the purchase, the chief executive officer now directly owns 172,456 shares of the company’s stock, valued at approximately $5,551,358.64. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 9.10% of the company’s stock.

A number of hedge funds have recently bought and sold shares of the stock. AXA increased its stake in Cinemark by 5.4% in the 3rd quarter. AXA now owns 531,640 shares of the company’s stock worth $19,251,000 after buying an additional 27,400 shares during the period. Ameritas Investment Partners Inc. grew its holdings in Cinemark by 57.1% during the 3rd quarter. Ameritas Investment Partners Inc. now owns 49,804 shares of the company’s stock worth $1,710,000 after acquiring an additional 18,100 shares in the last quarter. California Public Employees Retirement System grew its holdings in Cinemark by 0.6% during the 3rd quarter. California Public Employees Retirement System now owns 264,939 shares of the company’s stock worth $9,593,000 after acquiring an additional 1,539 shares in the last quarter. Cubist Systematic Strategies LLC grew its holdings in Cinemark by 235.7% during the 3rd quarter. Cubist Systematic Strategies LLC now owns 38,945 shares of the company’s stock worth $1,410,000 after acquiring an additional 27,343 shares in the last quarter. Finally, Violich Capital Management Inc. bought a new position in Cinemark during the 3rd quarter worth about $257,000. 94.63% of the stock is currently owned by institutional investors.

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About Cinemark

Cinemark Holdings, Inc is engaged in the motion picture exhibition business with theatres in the United States (U.S.), Brazil, Argentina, Chile, Colombia, Peru, Ecuador, Honduras, El Salvador, Nicaragua, Costa Rica, Panama, Guatemala, Paraguay, Curacao and Bolivia. The Company manages its business in two segments: U.S.

Analyst Recommendations for Cinemark (NYSE:CNK)

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