Cinemark Holdings, Inc. (NYSE:CNK) Receives Consensus Rating of “Moderate Buy” from Brokerages

Shares of Cinemark Holdings, Inc. (NYSE:CNK) have earned an average rating of “Moderate Buy” from the eleven analysts that are currently covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, one has issued a hold recommendation, eight have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month target price among brokers that have covered the stock in the last year is $24.60.

CNK has been the topic of several recent analyst reports. JPMorgan Chase & Co. boosted their target price on shares of Cinemark from $22.00 to $25.00 and gave the company a “neutral” rating in a report on Monday. Benchmark reiterated a “buy” rating and set a $23.00 price target on shares of Cinemark in a report on Monday, July 1st. Wedbush reiterated an “outperform” rating and set a $25.00 price target on shares of Cinemark in a report on Monday, July 29th. Roth Mkm upped their target price on shares of Cinemark from $28.00 to $30.00 and gave the company a “buy” rating in a report on Monday. Finally, StockNews.com upgraded shares of Cinemark from a “sell” rating to a “hold” rating in a report on Monday.

Institutional Investors Weigh In On Cinemark

Hedge funds have recently modified their holdings of the stock. NBC Securities Inc. boosted its position in shares of Cinemark by 17.2% in the fourth quarter. NBC Securities Inc. now owns 4,764 shares of the company’s stock worth $67,000 after acquiring an additional 700 shares during the last quarter. 1620 Investment Advisors Inc. acquired a new stake in shares of Cinemark in the second quarter worth approximately $79,000. Fifth Third Bancorp boosted its position in shares of Cinemark by 414.4% in the second quarter. Fifth Third Bancorp now owns 4,480 shares of the company’s stock worth $97,000 after acquiring an additional 3,609 shares during the last quarter. Virtu Financial LLC acquired a new stake in shares of Cinemark in the fourth quarter worth approximately $192,000. Finally, First Dallas Securities Inc. acquired a new stake in shares of Cinemark in the second quarter worth approximately $208,000.

Cinemark Trading Up 2.3 %

Shares of Cinemark stock opened at $25.42 on Thursday. 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 firm has a fifty day moving average price of $20.18 and a 200 day moving average price of $18.12. Cinemark has a 1 year low of $13.19 and a 1 year high of $25.51. The stock has a market cap of $3.11 billion, a PE ratio of 17.53, a price-to-earnings-growth ratio of 2.14 and a beta of 2.36.

Cinemark (NYSE:CNK) last released its quarterly earnings data on Friday, August 2nd. The company reported $0.32 earnings per share for the quarter, beating analysts’ consensus estimates of $0.07 by $0.25. Cinemark had a net margin of 7.12% and a return on equity of 69.48%. The company had revenue of $734.20 million during the quarter, compared to analysts’ expectations of $691.74 million. During the same quarter in the previous year, the company earned $0.80 earnings per share. The firm’s revenue for the quarter was down 22.1% on a year-over-year basis. Equities research analysts predict that Cinemark will post 1.08 earnings per share for the current year.

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.