Cinemark Holdings Inc (NYSE:CNK) Receives Average Recommendation of “Moderate Buy” from Analysts

Cinemark Holdings Inc (NYSE:CNKGet Free Report) has earned a consensus rating of “Moderate Buy” from the fifteen research firms that are currently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation, ten have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $33.3077.

CNK has been the topic of a number of research reports. UBS Group raised shares of Cinemark to a “buy” rating in a research report on Tuesday, January 20th. The Goldman Sachs Group restated a “sell” rating and set a $22.00 target price on shares of Cinemark in a report on Thursday, February 19th. JPMorgan Chase & Co. boosted their target price on shares of Cinemark from $35.00 to $36.00 and gave the stock an “overweight” rating in a report on Monday, May 4th. Morgan Stanley boosted their target price on shares of Cinemark from $28.00 to $30.00 and gave the stock an “equal weight” rating in a report on Thursday, April 30th. Finally, Wells Fargo & Company boosted their target price on shares of Cinemark from $32.00 to $36.00 and gave the stock an “overweight” rating in a report on Thursday, April 9th.

Check Out Our Latest Stock Report on Cinemark

Hedge Funds Weigh In On Cinemark

A number of institutional investors have recently added to or reduced their stakes in the company. Orbis Allan Gray Ltd increased its holdings in Cinemark by 31.0% during the fourth quarter. Orbis Allan Gray Ltd now owns 15,057,911 shares of the company’s stock worth $349,946,000 after buying an additional 3,563,810 shares during the last quarter. Wellington Management Group LLP increased its holdings in Cinemark by 8.4% during the fourth quarter. Wellington Management Group LLP now owns 9,536,900 shares of the company’s stock worth $221,638,000 after buying an additional 742,307 shares during the last quarter. Lavaca Capital LLC acquired a new position in Cinemark during the fourth quarter worth $133,045,000. State Street Corp increased its holdings in Cinemark by 1.5% during the fourth quarter. State Street Corp now owns 3,950,606 shares of the company’s stock worth $91,812,000 after buying an additional 60,176 shares during the last quarter. Finally, Alyeska Investment Group L.P. acquired a new position in shares of Cinemark in the fourth quarter valued at $55,296,000.

Cinemark Stock Performance

Shares of CNK stock opened at $26.29 on Wednesday. The company’s fifty day simple moving average is $28.29 and its 200-day simple moving average is $26.43. The company has a quick ratio of 0.58, a current ratio of 0.62 and a debt-to-equity ratio of 5.03. The firm has a market cap of $3.07 billion, a PE ratio of 23.26 and a beta of 1.03. Cinemark has a 12 month low of $21.60 and a 12 month high of $34.01.

Cinemark (NYSE:CNKGet Free Report) last announced its quarterly earnings data on Friday, May 1st. The company reported ($0.06) EPS for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.01). The business had revenue of $643.10 million during the quarter, compared to the consensus estimate of $632.74 million. Cinemark had a return on equity of 41.31% and a net margin of 5.31%.The business’s revenue for the quarter was up 18.9% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.32) EPS. Equities research analysts expect that Cinemark will post 2.11 EPS for the current fiscal year.

Cinemark Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 17th. Investors of record on Tuesday, March 3rd were issued a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date was Tuesday, March 3rd. Cinemark’s payout ratio is presently 31.86%.

Cinemark Company Profile

(Get Free Report)

Cinemark Holdings, Inc (NYSE: CNK) is a leading theatrical exhibitor that acquires, develops and operates motion picture theatres under the Cinemark® brand in the United States and Latin America. The company’s core business involves the presentation of first-run feature films coupled with an array of in‐theatre services, including concessions, premium auditoriums and loyalty programs. Cinemark’s exhibition portfolio encompasses both corporate‐owned and franchised complexes, offering moviegoers a range of experiences from standard screens to large‐format halls.

The company’s product offerings extend beyond ticket sales to include an assortment of concession items, such as popcorn, fountain beverages, candy and specialty snacks, as well as bar and lounge concepts in select locations.

Further Reading

Analyst Recommendations for Cinemark (NYSE:CNK)

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