Brokerages Set Cinemark Holdings, Inc. (NYSE:CNK) Target Price at $32.80

Cinemark Holdings, Inc. (NYSE:CNK - Get Free Report) has earned an average rating of "Moderate Buy" from the eleven analysts that are currently covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, six have issued a buy rating and one has issued a strong buy rating on the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $33.20.

A number of brokerages have recently commented on CNK. Benchmark reissued a "buy" rating and issued a $40.00 price objective on shares of Cinemark in a research report on Friday, January 10th. StockNews.com upgraded shares of Cinemark from a "sell" rating to a "hold" rating in a research note on Sunday, November 10th. JPMorgan Chase & Co. lifted their target price on Cinemark from $29.00 to $31.00 and gave the company a "neutral" rating in a research report on Thursday, January 30th. Wells Fargo & Company reduced their price target on Cinemark from $38.00 to $36.00 and set an "overweight" rating for the company in a research report on Wednesday, January 29th. Finally, Macquarie boosted their price target on Cinemark from $32.00 to $34.00 and gave the stock an "outperform" rating in a research report on Friday, November 1st.

Cinemark Stock Down 13.7 %

NYSE CNK traded down $4.53 on Monday, reaching $28.53. The company had a trading volume of 14,638,331 shares, compared to its average volume of 2,639,779. The company's fifty day moving average is $30.44 and its 200-day moving average is $29.76. The firm has a market capitalization of $3.49 billion, a price-to-earnings ratio of 18.41 and a beta of 2.38. The company has a debt-to-equity ratio of 3.46, a quick ratio of 0.96 and a current ratio of 0.98. Cinemark has a 1-year low of $15.74 and a 1-year high of $36.28.

Cinemark (NYSE:CNK - Get Free Report) last posted its quarterly earnings data on Wednesday, February 19th. The company reported $0.33 earnings per share for the quarter, missing the consensus estimate of $0.39 by ($0.06). Cinemark had a return on equity of 60.21% and a net margin of 8.36%. The firm had revenue of $814.30 million for the quarter, compared to analyst estimates of $797.18 million. During the same period in the prior year, the company earned ($0.15) earnings per share. The firm's quarterly revenue was up 27.5% on a year-over-year basis. On average, research analysts forecast that Cinemark will post 2.08 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Aigen Investment Management LP boosted its holdings in shares of Cinemark by 198.9% during the third quarter. Aigen Investment Management LP now owns 49,400 shares of the company's stock worth $1,375,000 after acquiring an additional 32,870 shares during the period. Connor Clark & Lunn Investment Management Ltd. boosted its stake in Cinemark by 88.9% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 62,239 shares of the company's stock valued at $1,733,000 after purchasing an additional 29,295 shares during the period. State of New Jersey Common Pension Fund D acquired a new position in Cinemark in the 3rd quarter valued at $1,960,000. Entropy Technologies LP bought a new position in Cinemark during the 3rd quarter worth $893,000. Finally, KBC Group NV lifted its holdings in shares of Cinemark by 470.1% during the fourth quarter. KBC Group NV now owns 16,920 shares of the company's stock worth $524,000 after buying an additional 13,952 shares in the last quarter.

Cinemark Company Profile

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.