Cinemark Holdings, Inc. (NYSE:CNK – Get Free Report) has been assigned an average rating of “Moderate Buy” from the eleven research firms that are currently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, two have issued a hold recommendation, seven have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $32.80.
Several equities research analysts have issued reports on CNK shares. Morgan Stanley decreased their price objective on shares of Cinemark from $40.00 to $35.00 and set an “overweight” rating for the company in a research note on Thursday, February 20th. JPMorgan Chase & Co. increased their price target on Cinemark from $34.00 to $35.00 and gave the company an “overweight” rating in a report on Monday. Benchmark reduced their price objective on Cinemark from $40.00 to $35.00 and set a “buy” rating on the stock in a research note on Thursday, February 20th. Barrington Research reiterated an “outperform” rating and issued a $36.00 target price on shares of Cinemark in a research note on Monday. Finally, Wedbush reissued a “neutral” rating and set a $32.00 price target on shares of Cinemark in a research report on Monday, April 28th.
Get Our Latest Stock Analysis on Cinemark
Insider Activity at Cinemark
Institutional Investors Weigh In On Cinemark
A number of institutional investors have recently modified their holdings of CNK. Franklin Resources Inc. grew its holdings in shares of Cinemark by 6.8% during the third quarter. Franklin Resources Inc. now owns 56,757 shares of the company’s stock valued at $1,651,000 after purchasing an additional 3,632 shares during the last quarter. Principal Financial Group Inc. grew its stake in Cinemark by 18.8% during the 3rd quarter. Principal Financial Group Inc. now owns 629,782 shares of the company’s stock worth $17,533,000 after buying an additional 99,843 shares during the last quarter. GAMMA Investing LLC lifted its stake in Cinemark by 44.9% in the fourth quarter. GAMMA Investing LLC now owns 2,926 shares of the company’s stock valued at $91,000 after buying an additional 906 shares during the last quarter. Ritholtz Wealth Management increased its holdings in shares of Cinemark by 104.5% in the 4th quarter. Ritholtz Wealth Management now owns 35,953 shares of the company’s stock worth $1,114,000 after acquiring an additional 18,371 shares during the period. Finally, Decker Retirement Planning Inc. bought a new stake in shares of Cinemark during the fourth quarter valued at approximately $4,725,000.
Cinemark Trading Up 1.3 %
Shares of CNK opened at $31.20 on Friday. Cinemark has a twelve month low of $16.32 and a twelve month high of $36.28. The firm has a market capitalization of $3.68 billion, a P/E ratio of 15.37 and a beta of 1.91. The company has a current ratio of 1.01, a quick ratio of 0.96 and a debt-to-equity ratio of 3.28. The stock’s fifty day simple moving average is $26.69 and its 200 day simple moving average is $29.36.
Cinemark (NYSE:CNK – Get Free Report) last released its quarterly earnings data on Friday, May 2nd. The company reported ($0.32) EPS for the quarter, hitting analysts’ consensus estimates of ($0.32). The company had revenue of $540.70 million for the quarter, compared to the consensus estimate of $604.62 million. Cinemark had a return on equity of 65.83% and a net margin of 10.16%. The company’s quarterly revenue was down 6.6% compared to the same quarter last year. During the same period last year, the business posted $0.19 EPS. On average, equities research analysts forecast that Cinemark will post 1.93 earnings per share for the current year.
Cinemark Dividend Announcement
The business also recently announced a — dividend, which was paid on Wednesday, March 19th. Stockholders of record on Wednesday, March 5th were paid a $0.08 dividend. The ex-dividend date of this dividend was Wednesday, March 5th. Cinemark’s dividend payout ratio (DPR) is presently 21.05%.
About Cinemark
Cinemark Holdings, Inc, together with its subsidiaries, engages in the motion picture exhibition business. As of February 16, 2024, it operated 501 theatres with 5,719 screens in 42 states and 13 countries in South and Central America. Cinemark Holdings, Inc was founded in 1984 and is headquartered in Plano, Texas.
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