Cinemark's (CNK) Neutral Rating Reaffirmed at Wedbush

Cinemark (NYSE:CNK - Get Free Report)'s stock had its "neutral" rating restated by equities researchers at Wedbush in a report released on Tuesday,RTT News reports. They presently have a $32.00 price objective on the stock. Wedbush's target price would indicate a potential upside of 16.48% from the stock's current price. Wedbush also issued estimates for Cinemark's Q2 2025 earnings at $0.48 EPS, Q3 2025 earnings at $0.59 EPS, FY2025 earnings at $1.45 EPS, FY2026 earnings at $1.91 EPS and FY2027 earnings at $2.16 EPS.

CNK has been the subject of a number of other reports. Benchmark reaffirmed a "buy" rating and set a $40.00 price target on shares of Cinemark in a research note on Friday, January 10th. Wells Fargo & Company dropped their price target on shares of Cinemark from $38.00 to $36.00 and set an "overweight" rating for the company in a research note on Wednesday, January 29th. StockNews.com raised shares of Cinemark from a "sell" rating to a "hold" rating in a research note on Sunday, November 10th. JPMorgan Chase & Co. lifted their price target on shares of Cinemark from $29.00 to $31.00 and gave the stock a "neutral" rating in a research note on Thursday, January 30th. Finally, Macquarie lifted their price target on shares of Cinemark from $32.00 to $34.00 and gave the stock an "outperform" rating in a research note on Friday, November 1st. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $32.70.

Cinemark Price Performance

Shares of Cinemark stock traded down $0.32 during trading hours on Tuesday, reaching $27.47. The company's stock had a trading volume of 4,297,576 shares, compared to its average volume of 2,861,287. The firm has a 50 day moving average price of $30.33 and a 200-day moving average price of $29.75. Cinemark has a one year low of $15.74 and a one year high of $36.28. The company has a debt-to-equity ratio of 3.87, a current ratio of 0.98 and a quick ratio of 0.96. The stock has a market cap of $3.36 billion, a P/E ratio of 13.53 and a beta of 2.38.

Cinemark (NYSE:CNK - Get Free Report) last posted its earnings results on Wednesday, February 19th. The company reported $0.33 earnings per share for the quarter, missing analysts' consensus estimates of $0.39 by ($0.06). Cinemark had a return on equity of 65.83% and a net margin of 10.16%. The business had revenue of $814.30 million during the quarter, compared to the consensus estimate of $797.18 million. During the same quarter last year, the firm earned ($0.15) earnings per share. The business's quarterly revenue was up 27.5% on a year-over-year basis. On average, analysts predict that Cinemark will post 1.98 EPS for the current year.

Institutional Investors Weigh In On Cinemark

Hedge funds have recently modified their holdings of the business. Elequin Capital LP lifted its position in shares of Cinemark by 211.6% in the 4th quarter. Elequin Capital LP now owns 997 shares of the company's stock worth $31,000 after purchasing an additional 677 shares during the period. Russell Investments Group Ltd. lifted its position in shares of Cinemark by 402.4% in the 4th quarter. Russell Investments Group Ltd. now owns 1,030 shares of the company's stock worth $32,000 after purchasing an additional 825 shares during the period. Quarry LP lifted its position in shares of Cinemark by 714.8% in the 3rd quarter. Quarry LP now owns 1,491 shares of the company's stock worth $42,000 after purchasing an additional 1,308 shares during the period. Aster Capital Management DIFC Ltd lifted its position in shares of Cinemark by 380.0% in the 4th quarter. Aster Capital Management DIFC Ltd now owns 1,896 shares of the company's stock worth $59,000 after purchasing an additional 1,501 shares during the period. Finally, R Squared Ltd purchased a new stake in shares of Cinemark in the 4th quarter worth approximately $63,000.

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.