Cinemark Holdings Inc (CNK) – What Are Researchers Saying About This Stock?

Shares of Cinemark Holdings Inc (NYSE:CNK) have earned an average rating of “Moderate Buy” from the fifteen brokerages that are currently covering the stock, MarketBeat Ratings reports. Five analysts have rated the stock with a hold recommendation, nine have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $39.57.

CNK has been the subject of several research analyst reports. Wedbush upped their price target on shares of Cinemark from $45.00 to $46.00 and gave the company an “outperform” rating in a research report on Wednesday, November 4th. Weiss Ratings upgraded shares of Cinemark from a “buy (b-)” rating to a “buy (b)” rating in a research report on Thursday, October 8th. Benchmark lifted their price objective on shares of Cinemark from $37.00 to $40.00 and gave the stock a “buy” rating in a research report on Friday, July 31st. JPMorgan Chase & Co. boosted their target price on shares of Cinemark from $39.00 to $41.00 and gave the company a “neutral” rating in a research note on Friday, October 23rd. Finally, Moffett Nathanson restated a “buy” rating and issued a $40.00 target price on shares of Cinemark in a report on Thursday, July 30th.

Cinemark Price Performance

NYSE CNK opened at $41.17 on Wednesday. The stock’s 50-day moving average price is $37.34 and its two-hundred day moving average price is $31.82. The company has a current ratio of 0.94, a quick ratio of 0.91 and a debt-to-equity ratio of 3.13. The company has a market cap of $4.77 billion, a PE ratio of 17.55 and a beta of 1.07. Cinemark has a 1 year low of $21.60 and a 1 year high of $41.67.

Cinemark (NYSE:CNK) last posted its quarterly earnings data on Tuesday, November 3rd. The company reported $1.04 EPS for the quarter, beating analysts’ consensus estimates of $0.98 by $0.06. Cinemark had a net margin of 8.13% and a return on equity of 60.04%. The company had revenue of $1.06 billion during the quarter, compared to analyst estimates of $1.04 billion. During the same period in the prior year, the firm earned $0.40 earnings per share. The business’s quarterly revenue was up 23.5% on a year-over-year basis. On average, analysts predict that Cinemark will post 2.75 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the business. Ieq Capital LLC lifted its stake in Cinemark by 86.8% in the 3rd quarter. Ieq Capital LLC now owns 41,345 shares of the company’s stock worth $1,542,000 after acquiring an additional 19,210 shares in the last quarter. Meeder Asset Management Inc. acquired a new stake in Cinemark during the 3rd quarter worth about $92,000. Voya Investment Management LLC boosted its position in Cinemark by 40.3% during the 3rd quarter. Voya Investment Management LLC now owns 28,138 shares of the company’s stock worth $1,050,000 after acquiring an additional 8,086 shares during the period. Public Sector Pension Investment Board grew its stake in Cinemark by 66.5% during the 3rd quarter. Public Sector Pension Investment Board now owns 588,623 shares of the company’s stock valued at $22,424,000 after acquiring an additional 235,188 shares in the last quarter. Finally, Cibc World Market Inc. purchased a new position in Cinemark during the 3rd quarter valued at about $1,736,000.

About Cinemark

Cinemark Holdings, Inc. operates movie theaters in the United States and Latin America. Its theaters screen feature films and offer related entertainment experiences, including premium large-format presentations and in-theater amenities. The company operates under brands including Cinemark, Century Theatres and Tinseltown. Its services include concessions, advertising, private events and its Cinemark Movie Club subscription program. Cinemark traces its roots to 1984 and is headquartered in Plano, Texas.