Cinemark Holdings, Inc. (NYSE:CNK) Receives $32.80 Consensus Price Target from Brokerages

Shares of Cinemark Holdings, Inc. (NYSE:CNK) have been given a consensus recommendation of “Moderate Buy” by the eleven analysts that are presently covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, three have assigned 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 brokerages that have issued ratings on the stock in the last year is $32.70.

CNK has been the subject of several recent analyst reports. Macquarie reissued an “outperform” rating and issued a $35.00 price objective on shares of Cinemark in a report on Thursday. StockNews.com upgraded shares of Cinemark from a “sell” rating to a “hold” rating in a research note on Sunday, November 10th. Morgan Stanley lowered their price objective on shares of Cinemark from $40.00 to $35.00 and set an “overweight” rating on the stock in a research note on Thursday. Benchmark cut their target price on shares of Cinemark from $40.00 to $35.00 and set a “buy” rating for the company in a research note on Thursday. Finally, Wedbush reissued a “neutral” rating and set a $32.00 price target on shares of Cinemark in a research report on Tuesday.

Cinemark Stock Down 1.1 %

Shares of CNK stock opened at $27.47 on Monday. The firm’s fifty day moving average price is $30.33 and its two-hundred day moving average price is $29.75. The company has a current ratio of 0.98, a quick ratio of 0.96 and a debt-to-equity ratio of 3.87. Cinemark has a 1 year low of $15.74 and a 1 year high of $36.28. The firm has a market capitalization of $3.36 billion, a P/E ratio of 13.53 and a beta of 2.38.

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

Cinemark Announces Dividend

The company also recently declared a — dividend, which will be paid on Wednesday, March 19th. Investors of record on Wednesday, March 5th will be paid a $0.08 dividend. The ex-dividend date is Wednesday, March 5th. Cinemark’s dividend payout ratio (DPR) is presently 15.76%.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. Elequin Capital LP boosted its position in shares of Cinemark by 211.6% in the fourth quarter. Elequin Capital LP now owns 997 shares of the company’s stock valued at $31,000 after acquiring an additional 677 shares during the period. Russell Investments Group Ltd. grew its position in shares of Cinemark by 402.4% during 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 in the last quarter. Quarry LP increased its holdings in shares of Cinemark by 714.8% during the third 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 raised its position in shares of Cinemark by 380.0% in the fourth quarter. Aster Capital Management DIFC Ltd now owns 1,896 shares of the company’s stock valued at $59,000 after buying an additional 1,501 shares in the last quarter. Finally, R Squared Ltd bought a new stake in shares of Cinemark in the fourth quarter valued at approximately $63,000.

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.