Brokerages Set Cinemark Holdings, Inc. (NYSE:CNK) Target Price at $28.10

Cinemark Holdings, Inc. (NYSE:CNK - Get Free Report) has received a consensus rating of "Moderate Buy" from the eleven analysts that are covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation, six have issued a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $28.10.

A number of equities analysts have recently weighed in on CNK shares. B. Riley cut Cinemark from a "buy" rating to a "neutral" rating and set a $31.00 price target for the company. in a report on Tuesday, August 27th. Wells Fargo & Company increased their target price on shares of Cinemark from $28.00 to $31.00 and gave the stock an "overweight" rating in a research note on Thursday, October 10th. JPMorgan Chase & Co. boosted their price target on shares of Cinemark from $25.00 to $29.00 and gave the company a "neutral" rating in a research note on Monday. Morgan Stanley increased their price objective on shares of Cinemark from $29.00 to $35.00 and gave the stock an "overweight" rating in a research report on Friday. Finally, Roth Capital upgraded shares of Cinemark from a "hold" rating to a "strong-buy" rating in a report on Monday, June 24th.

Cinemark Trading Down 1.3 %

CNK stock traded down $0.37 during trading on Tuesday, reaching $28.72. 2,517,621 shares of the stock were exchanged, compared to its average volume of 2,888,746. The company has a current ratio of 1.29, a quick ratio of 1.26 and a debt-to-equity ratio of 6.23. The firm has a market capitalization of $3.51 billion, a price-to-earnings ratio of 19.81, a P/E/G ratio of 1.94 and a beta of 2.36. The business has a 50 day moving average price of $27.59 and a 200-day moving average price of $22.19. Cinemark has a 1 year low of $13.19 and a 1 year high of $29.87.

Cinemark (NYSE:CNK - Get Free Report) last released its quarterly earnings data on Friday, August 2nd. The company reported $0.32 EPS for the quarter, beating analysts' consensus estimates of $0.07 by $0.25. The firm had revenue of $734.20 million for the quarter, compared to analysts' expectations of $691.74 million. Cinemark had a return on equity of 41.87% and a net margin of 5.05%. The firm's quarterly revenue was down 22.1% on a year-over-year basis. During the same period in the prior year, the firm posted $0.80 earnings per share. On average, research analysts predict that Cinemark will post 1.41 earnings per share for the current year.

Insider Buying and Selling

In other Cinemark news, insider Valmir Fernandes sold 25,000 shares of the stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $27.19, for a total value of $679,750.00. Following the sale, the insider now owns 204,729 shares of the company's stock, valued at $5,566,581.51. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 2.30% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Cinemark

Large investors have recently modified their holdings of the company. GAMMA Investing LLC increased its holdings in Cinemark by 106.1% in the third quarter. GAMMA Investing LLC now owns 2,020 shares of the company's stock valued at $56,000 after buying an additional 1,040 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. grew its stake in Cinemark by 38.7% during the 2nd quarter. Point72 Asia Singapore Pte. Ltd. now owns 3,145 shares of the company's stock worth $68,000 after buying an additional 877 shares during the last quarter. USA Financial Formulas purchased a new position in shares of Cinemark during the third quarter worth approximately $77,000. 1620 Investment Advisors Inc. acquired a new position in Cinemark in the second quarter valued at $79,000. Finally, CWM LLC increased its position in Cinemark by 134.4% in the 3rd quarter. CWM LLC now owns 2,993 shares of the company's stock valued at $83,000 after acquiring an additional 1,716 shares during the period.

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.