Cinemark Holdings, Inc. (NYSE:CNK) Receives $30.80 Consensus Target Price from Analysts

Cinemark Holdings, Inc. (NYSE:CNK - Get Free Report) has received a consensus recommendation of "Moderate Buy" from the eleven research firms that are covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, six have given a buy rating and one has given a strong buy rating to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $30.80.

CNK has been the subject of several analyst reports. The Goldman Sachs Group raised their price objective on Cinemark from $16.00 to $20.00 and gave the company a "sell" rating in a report on Thursday, September 19th. Wedbush downgraded Cinemark from a "strong-buy" rating to a "hold" rating in a research note on Friday, November 1st. StockNews.com cut Cinemark from a "hold" rating to a "sell" rating in a research note on Saturday, November 2nd. Barrington Research raised Cinemark from a "market perform" rating to an "outperform" rating and set a $36.00 price objective for the company in a report on Thursday, October 31st. Finally, B. Riley downgraded shares of Cinemark from a "buy" rating to a "neutral" rating and set a $31.00 target price on the stock. in a report on Tuesday, August 27th.

Insider Activity at Cinemark

In other news, insider Valmir Fernandes sold 25,000 shares of the business'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 in the company, valued at $5,566,581.51. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 2.30% of the stock is owned by company insiders.

Institutional Investors Weigh In On Cinemark

A number of institutional investors have recently modified their holdings of CNK. GAMMA Investing LLC grew its position in 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 buying an additional 1,040 shares in the last quarter. USA Financial Formulas bought a new stake in shares of Cinemark during the 3rd quarter valued at $77,000. CWM LLC grew its holdings in shares of Cinemark by 134.4% during the 3rd quarter. CWM LLC now owns 2,993 shares of the company's stock worth $83,000 after purchasing an additional 1,716 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. increased its position in shares of Cinemark by 38.7% in the second quarter. Point72 Asia Singapore Pte. Ltd. now owns 3,145 shares of the company's stock worth $68,000 after purchasing an additional 877 shares during the period. Finally, 1620 Investment Advisors Inc. acquired a new position in Cinemark in the second quarter valued at about $79,000.

Cinemark Stock Down 0.2 %

Cinemark stock traded down $0.06 during midday trading on Friday, reaching $31.51. The stock had a trading volume of 2,131,543 shares, compared to its average volume of 2,596,958. Cinemark has a 1-year low of $13.19 and a 1-year high of $31.87. The company has a debt-to-equity ratio of 3.46, a quick ratio of 0.96 and a current ratio of 0.98. The firm's fifty day simple moving average is $28.51 and its 200-day simple moving average is $23.63. The stock has a market capitalization of $3.86 billion, a P/E ratio of 20.33, a price-to-earnings-growth ratio of 1.54 and a beta of 2.35.

Cinemark (NYSE:CNK - Get Free Report) last announced its quarterly earnings data on Thursday, October 31st. The company reported $1.19 EPS for the quarter, topping analysts' consensus estimates of $0.58 by $0.61. The business had revenue of $921.80 million for the quarter, compared to analyst estimates of $894.90 million. Cinemark had a net margin of 8.36% and a return on equity of 60.21%. The firm's revenue for the quarter was up 5.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.61 earnings per share. As a group, analysts expect that Cinemark will post 2 EPS for the current fiscal year.

About Cinemark

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.