Brokerages Set Cinemark Holdings, Inc. (NYSE:CNK) PT at $26.00

Cinemark Holdings, Inc. (NYSE:CNK) has earned a consensus rating of “Moderate Buy” from the eleven ratings firms that are covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, three have given a hold rating, six have assigned a buy rating and one has issued a strong buy rating on the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $26.00.

Several research firms recently issued reports on CNK. Benchmark reiterated a “buy” rating and issued a $23.00 price objective on shares of Cinemark in a report on Monday, July 1st. JPMorgan Chase & Co. lifted their price objective on Cinemark from $22.00 to $25.00 and gave the stock a “neutral” rating in a research report on Monday, August 5th. Roth Capital raised Cinemark from a “hold” rating to a “strong-buy” rating in a research note on Monday, June 24th. The Goldman Sachs Group raised their target price on Cinemark from $16.00 to $20.00 and gave the stock a “sell” rating in a research note on Thursday, September 19th. Finally, StockNews.com cut shares of Cinemark from a “hold” rating to a “sell” rating in a research report on Tuesday, August 13th.

Cinemark Trading Up 2.1 %

Shares of Cinemark stock opened at $27.44 on Friday. Cinemark has a 1 year low of $13.19 and a 1 year high of $29.07. The company has a debt-to-equity ratio of 6.23, a current ratio of 1.29 and a quick ratio of 1.26. The stock has a market cap of $3.36 billion, a PE ratio of 18.92, a price-to-earnings-growth ratio of 2.07 and a beta of 2.36. The firm has a fifty day moving average price of $26.39 and a 200 day moving average price of $21.33.

Cinemark (NYSE:CNK) last issued its quarterly earnings data on Friday, August 2nd. The company reported $0.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.07 by $0.25. Cinemark had a return on equity of 41.87% and a net margin of 5.05%. The business had revenue of $734.20 million during the quarter, compared to analysts’ expectations of $691.74 million. During the same quarter in the previous year, the firm posted $0.80 EPS. The company’s revenue for the quarter was down 22.1% on a year-over-year basis. Equities research analysts predict that Cinemark will post 1.33 earnings per share for the current year.

Insider Transactions at Cinemark

In related news, insider Valmir Fernandes sold 25,000 shares of the stock in a transaction on Monday, August 19th. The shares were sold at an average price of $27.19, for a total value of $679,750.00. Following the transaction, the insider now directly owns 204,729 shares of the company’s stock, valued at approximately $5,566,581.51. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 2.30% of the company’s stock.

Institutional Investors Weigh In On Cinemark

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Third Point LLC acquired a new stake in shares of Cinemark during the first quarter worth about $89,850,000. Steadfast Capital Management LP purchased a new position in Cinemark during the 1st quarter worth approximately $29,323,000. Hennessy Advisors Inc. acquired a new position in Cinemark during the fourth quarter worth approximately $16,001,000. Jericho Capital Asset Management L.P. purchased a new stake in Cinemark in the first quarter valued at approximately $15,975,000. Finally, Nut Tree Capital Management LP acquired a new stake in shares of Cinemark in the first quarter valued at approximately $13,250,000.

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.