Cinemark (NYSE:CNK) Upgraded at StockNews.com

StockNews.com upgraded shares of Cinemark (NYSE:CNK) from a sell rating to a hold rating in a research note issued to investors on Wednesday.

Other equities analysts also recently issued research reports about the company. JPMorgan Chase & Co. raised their target price on Cinemark from $17.00 to $19.00 and gave the stock a neutral rating in a research report on Monday, April 8th. Wedbush reaffirmed an outperform rating and set a $23.00 price target on shares of Cinemark in a report on Thursday, April 25th. Roth Mkm raised their price target on Cinemark from $17.00 to $19.00 and gave the company a neutral rating in a report on Wednesday, April 10th. Benchmark reaffirmed a buy rating and set a $23.00 price target on shares of Cinemark in a report on Friday, May 3rd. Finally, Wells Fargo & Company raised Cinemark from an underweight rating to an overweight rating and raised their price target for the company from $13.00 to $23.00 in a report on Friday, April 5th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, Cinemark presently has an average rating of Hold and an average target price of $20.33.

Cinemark Price Performance

Cinemark stock opened at $17.88 on Wednesday. The company has a debt-to-equity ratio of 7.42, a current ratio of 1.48 and a quick ratio of 1.45. The company has a market capitalization of $2.19 billion, a PE ratio of 12.33, a price-to-earnings-growth ratio of 1.58 and a beta of 2.25. Cinemark has a one year low of $13.19 and a one year high of $20.40. The business has a 50 day simple moving average of $17.96 and a 200 day simple moving average of $16.03.

Cinemark (NYSE:CNK) last posted its earnings results on Thursday, May 2nd. The company reported $0.19 EPS for the quarter, topping the consensus estimate of ($0.21) by $0.40. The business had revenue of $579.00 million during the quarter, compared to the consensus estimate of $561.91 million. Cinemark had a return on equity of 69.48% and a net margin of 7.12%. Cinemark’s revenue was down 5.2% on a year-over-year basis. During the same quarter last year, the company earned ($0.03) EPS. On average, sell-side analysts forecast that Cinemark will post 1.12 EPS for the current fiscal year.

Insider Activity

In other news, insider Wanda Marie Gierhart sold 19,593 shares of Cinemark stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of $16.75, for a total value of $328,182.75. Following the completion of the sale, the insider now directly owns 179,591 shares of the company’s stock, valued at approximately $3,008,149.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 2.30% of the company’s stock.

Institutional Investors Weigh In On Cinemark

Institutional investors have recently made changes to their positions in the stock. NBC Securities Inc. acquired a new stake in shares of Cinemark during the third quarter worth $74,000. DekaBank Deutsche Girozentrale acquired a new stake in shares of Cinemark during the third quarter worth $193,000. Algert Global LLC acquired a new stake in shares of Cinemark during the third quarter worth $222,000. Inspire Advisors LLC acquired a new stake in shares of Cinemark during the first quarter worth $240,000. Finally, Virtu Financial LLC acquired a new stake in shares of Cinemark during the fourth quarter worth $192,000.

Cinemark Company Profile

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.