Cinemark Holdings, Inc. (NYSE:CNK) Receives $28.10 Consensus PT from Brokerages

Cinemark Holdings, Inc. (NYSE:CNK) has earned a consensus rating of “Moderate Buy” from the eleven ratings firms that are currently covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, three have given a hold recommendation, six have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month target price among brokerages that have covered the stock in the last year is $28.10.

Several equities analysts recently commented on the stock. Roth Capital raised shares of Cinemark from a “hold” rating to a “strong-buy” rating in a research note on Monday, June 24th. Macquarie raised their price objective on Cinemark from $21.00 to $24.00 and gave the company an “outperform” rating in a report on Tuesday, July 9th. The Goldman Sachs Group upped their target price on Cinemark from $16.00 to $20.00 and gave the stock a “sell” rating in a report on Thursday, September 19th. Morgan Stanley boosted their price target on Cinemark from $29.00 to $35.00 and gave the stock an “overweight” rating in a report on Friday, October 11th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Cinemark from $25.00 to $29.00 and gave the company a “neutral” rating in a report on Monday, October 14th.

Cinemark Stock Down 0.6 %

NYSE CNK opened at $28.77 on Tuesday. Cinemark has a fifty-two week low of $13.19 and a fifty-two week high of $29.87. The business has a fifty day moving average price of $27.81 and a two-hundred day moving average price of $22.45. The company has a debt-to-equity ratio of 6.23, a current ratio of 1.29 and a quick ratio of 1.26. The stock has a market capitalization of $3.52 billion, a PE ratio of 19.84, a PEG ratio of 1.94 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 the consensus estimate of $0.07 by $0.25. The business had revenue of $734.20 million for the quarter, compared to analyst estimates of $691.74 million. Cinemark had a return on equity of 41.87% and a net margin of 5.05%. Cinemark’s revenue was down 22.1% compared to the same quarter last year. During the same period last year, the firm posted $0.80 earnings per share. Equities analysts expect that Cinemark will post 1.41 earnings per share for the current fiscal year.

Insider Buying and Selling at Cinemark

In related news, insider Valmir Fernandes sold 25,000 shares of the firm’s stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $27.19, for a total transaction of $679,750.00. Following the completion of the sale, the insider now owns 204,729 shares of the company’s stock, valued at $5,566,581.51. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 2.30% of the company’s stock.

Institutional Investors Weigh In On Cinemark

A number of large investors have recently bought and sold shares of the stock. Arizona State Retirement System grew its stake in shares of Cinemark by 1.8% in the 2nd quarter. Arizona State Retirement System now owns 30,636 shares of the company’s stock valued at $662,000 after buying an additional 556 shares during the period. CANADA LIFE ASSURANCE Co grew its stake in Cinemark by 0.5% in the first quarter. CANADA LIFE ASSURANCE Co now owns 122,908 shares of the company’s stock valued at $2,209,000 after acquiring an additional 612 shares during the period. Point72 Asia Singapore Pte. Ltd. increased its holdings in shares of Cinemark by 38.7% during the second quarter. Point72 Asia Singapore Pte. Ltd. now owns 3,145 shares of the company’s stock valued at $68,000 after acquiring an additional 877 shares in the last quarter. GAMMA Investing LLC raised its position in shares of Cinemark by 106.1% during the third quarter. GAMMA Investing LLC now owns 2,020 shares of the company’s stock worth $56,000 after purchasing an additional 1,040 shares during the period. Finally, QRG Capital Management Inc. grew its position in Cinemark by 5.9% in the 2nd quarter. QRG Capital Management Inc. now owns 20,557 shares of the company’s stock valued at $444,000 after purchasing an additional 1,148 shares during the period.

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.