Recent Analysts’ Ratings Changes for Cinemark (CNK)

Cinemark (NYSE: CNK) has recently received a number of price target changes and ratings updates:

• 7/1/2024 – Cinemark had its “buy” rating reaffirmed by analysts at Benchmark Co.. They now have a $23.00 price target on the stock.
• 6/27/2024 – Cinemark had its “outperform” rating reaffirmed by analysts at Wedbush. They now have a $25.00 price target on the stock.
• 6/24/2024 – Cinemark was upgraded by analysts at Roth Capital from a “hold” rating to a “strong-buy” rating.
• 6/24/2024 – Cinemark was upgraded by analysts at Roth Mkm from a “neutral” rating to a “buy” rating. They now have a $26.00 price target on the stock, up previously from $19.00.
• 6/21/2024 – Cinemark had its “outperform” rating reaffirmed by analysts at Wedbush. They now have a $25.00 price target on the stock.
• 6/17/2024 – Cinemark had its “outperform” rating reaffirmed by analysts at Barrington Research. They now have a $24.00 price target on the stock.
• 5/30/2024 – Cinemark was downgraded by analysts at StockNews.com from a “hold” rating to a “sell” rating.
• 5/22/2024 – Cinemark was upgraded by analysts at StockNews.com from a “sell” rating to a “hold” rating.
• 5/11/2024 – Cinemark was upgraded by analysts at StockNews.com from a “sell” rating to a “hold” rating.
• 5/6/2024 – Cinemark had its “outperform” rating reaffirmed by analysts at Barrington Research. They now have a $24.00 price target on the stock.

Cinemark Stock Down 0.3 %

Cinemark stock opened at $21.36 on Friday. Cinemark Holdings, Inc. has a fifty-two week low of $13.19 and a fifty-two week high of $21.87. The company has a debt-to-equity ratio of 7.42, a quick ratio of 1.45 and a current ratio of 1.48. The company has a market capitalization of $2.61 billion, a P/E ratio of 14.73, a PEG ratio of 2.00 and a beta of 2.36. The stock has a 50-day simple moving average of $18.36 and a 200-day simple moving average of $16.89.

Cinemark (NYSE:CNK) last posted its quarterly earnings data on Thursday, May 2nd. The company reported $0.19 EPS for the quarter, beating the consensus estimate of ($0.21) by $0.40. The firm had revenue of $579.00 million during the quarter, compared to the consensus estimate of $561.91 million. Cinemark had a return on equity of 69.48% and a net margin of 7.12%. The firm’s revenue was down 5.2% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.03) EPS. Equities research analysts expect that Cinemark Holdings, Inc. will post 1.07 earnings per share for the current year.

Hedge Funds Weigh In On Cinemark

Large investors have recently modified their holdings of the business. NBC Securities Inc. grew its holdings in shares of Cinemark by 17.2% in the 4th quarter. NBC Securities Inc. now owns 4,764 shares of the company’s stock worth $67,000 after acquiring an additional 700 shares during the period. Virtu Financial LLC acquired a new stake in Cinemark during the 4th quarter valued at $192,000. Mackenzie Financial Corp acquired a new stake in Cinemark during the 4th quarter valued at $210,000. Watershed Asset Management L.L.C. grew its holdings in Cinemark by 6.2% during the 4th quarter. Watershed Asset Management L.L.C. now owns 15,658 shares of the company’s stock valued at $221,000 after buying an additional 915 shares during the last quarter. Finally, Inspire Advisors LLC acquired a new stake in Cinemark during the 1st quarter valued at $240,000.

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.