Cinemark Holdings Inc (NYSE:CNK) Given Consensus Recommendation of “Moderate Buy” by Analysts

Cinemark Holdings Inc (NYSE:CNKGet Free Report) has been given a consensus recommendation of “Moderate Buy” by the fifteen analysts that are currently covering the firm, Marketbeat.com reports. Six equities research analysts have rated the stock with a hold recommendation and nine have issued a buy recommendation on the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $37.9286.

A number of brokerages have issued reports on CNK. Morgan Stanley set a $40.00 target price on Cinemark in a report on Wednesday, July 29th. Wall Street Zen downgraded Cinemark from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 29th. Barrington Research set a $42.00 price objective on shares of Cinemark in a report on Thursday, July 30th. B. Riley Financial lifted their target price on shares of Cinemark from $35.00 to $37.00 and gave the stock a “neutral” rating in a research report on Friday, July 31st. Finally, Wells Fargo & Company lifted their target price on shares of Cinemark from $31.00 to $34.00 and gave the stock an “equal weight” rating in a research report on Friday, July 31st.

Check Out Our Latest Report on Cinemark

Institutional Trading of Cinemark

Institutional investors have recently modified their holdings of the business. BlackRock Inc. acquired a new stake in Cinemark in the second quarter valued at $530,855,000. California State Teachers Retirement System lifted its holdings in Cinemark by 3,026.1% during the 2nd quarter. California State Teachers Retirement System now owns 3,803,380 shares of the company’s stock worth $119,867,000 after buying an additional 3,681,716 shares during the period. Park West Asset Management LLC bought a new stake in shares of Cinemark in the 2nd quarter valued at about $40,707,000. Northwestern Mutual Wealth Management Co. grew its position in shares of Cinemark by 5,472,594.7% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,039,812 shares of the company’s stock valued at $24,165,000 after buying an additional 1,039,793 shares during the last quarter. Finally, Bank of New York Mellon Corp acquired a new stake in shares of Cinemark in the second quarter valued at about $29,387,000.

Cinemark Stock Performance

NYSE CNK opened at $34.84 on Tuesday. The firm’s fifty day moving average price is $34.73 and its two-hundred day moving average price is $31.12. The stock has a market cap of $4.04 billion, a PE ratio of 20.61 and a beta of 0.98. The company has a debt-to-equity ratio of 3.87, a quick ratio of 0.81 and a current ratio of 0.84. Cinemark has a fifty-two week low of $21.60 and a fifty-two week high of $38.98.

Cinemark (NYSE:CNKGet Free Report) last announced its quarterly earnings results on Thursday, July 30th. The company reported $1.19 EPS for the quarter, beating analysts’ consensus estimates of $1.03 by $0.16. Cinemark had a return on equity of 50.94% and a net margin of 6.44%.The company had revenue of $1.09 billion during the quarter, compared to analysts’ expectations of $1.03 billion. During the same period in the prior year, the company earned $0.63 EPS. Cinemark’s revenue was up 15.5% compared to the same quarter last year. On average, equities analysts expect that Cinemark will post 2.36 EPS for the current fiscal year.

Cinemark Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 9th. Stockholders of record on Wednesday, August 26th were paid a dividend of $0.09 per share. The ex-dividend date of this dividend was Wednesday, August 26th. This represents a $0.36 annualized dividend and a dividend yield of 1.0%. Cinemark’s dividend payout ratio (DPR) is presently 21.30%.

About Cinemark

(Get Free Report)

Cinemark Holdings, Inc is a motion picture exhibition company that operates movie theaters in the United States and Latin America. Through its Cinemark and Century-branded locations, the company offers theatrical screenings of newly released films across a range of formats and venue types.

In addition to movie tickets, Cinemark generates revenue through food and beverage concessions, advertising, and premium entertainment experiences. Its offerings include luxury seating, large-format screens, and enhanced audio and visual presentations, along with online and mobile ticketing and the Movie Club customer loyalty program.

Founded in 1987 by Lee Roy Mitchell, Cinemark is headquartered in Plano, Texas.

Further Reading

Analyst Recommendations for Cinemark (NYSE:CNK)

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