Cinemark Holdings (NYSE:CNK) had its target price boosted by Barclays Capital from $26.00 to $30.00 in a report issued on Thursday, Analyst Ratings Network reports.
Other equities research analysts have also recently issued reports about the stock. Analysts at Wunderlich raised their price target on shares of Cinemark Holdings from $34.00 to $37.00 in a research note to investors on Tuesday, August 13th. They now have a buy rating on the stock. Separately, analysts at Janney Montgomery Scott cut their price target on shares of Cinemark Holdings from $33.00 to $32.00 in a research note to investors on Wednesday, August 7th. Finally, analysts at B. Riley raised their price target on shares of Cinemark Holdings from $32.00 to $35.50 in a research note to investors on Wednesday, August 7th.
Three research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of Buy and a consensus target price of $33.03.
Cinemark Holdings (NYSE:CNK) traded up 0.10% during mid-day trading on Thursday, hitting $30.60. 89,117 shares of the company’s stock traded hands. Cinemark Holdings has a 1-year low of $22.18 and a 1-year high of $31.77. The stock has a 50-day moving average of $29.9 and a 200-day moving average of $29.18. The company has a market cap of $3.489 billion and a price-to-earnings ratio of 27.54.
The company also recently declared a quarterly dividend, which is scheduled for Thursday, September 12th. Investors of record on Wednesday, August 28th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 3.24%. The ex-dividend date of this dividend is Monday, August 26th. This is an increase from Cinemark Holdings’s previous quarterly dividend of $0.21.
In other Cinemark Holdings news, CFO Robert Copple sold 30,000 shares of the stock in a transaction that occured on Thursday, August 22nd. The shares were sold at an average price of $30.99, for a total transaction of $929,700.00. Following the completion of the sale, the chief financial officer now directly owns 262,007 shares of the company’s stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
Cinemark Holdings, Inc , is engaged in the motion picture exhibition business with theatres in the United States, Brazil, Mexico, Argentina, Chile, Colombia, Peru, El Salvador, Nicaragua, Costa Rica, Panama and Guatemala.
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