Cinemark Holdings Inc (NYSE:CNK) Receives Consensus Rating of "Moderate Buy" from Analysts

Key Points

• Cinemark has a “Moderate Buy” consensus from 13 analysts: seven rate the stock a buy and six recommend holding it. The average 12-month price target is $34.58, above the reported $32.67 share price.
• Recent analyst actions were broadly positive, including Roth Capital and Benchmark maintaining buy ratings, while Goldman Sachs upgraded Cinemark from sell to neutral and raised its target to $30.
• Cinemark’s latest quarterly revenue rose 18.9% year over year to $643.1 million, though EPS of $(0.06) slightly missed estimates. The company also paid a quarterly dividend of $0.09 per share, representing a 1.1% annualized yield.

Cinemark Holdings Inc (NYSE:CNK - Get Free Report) has received an average recommendation of "Moderate Buy" from the thirteen brokerages that are currently covering the stock, Marketbeat reports. Six investment analysts have rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 12-month price objective among brokers that have covered the stock in the last year is $34.5833.

Several research firms have weighed in on CNK. Roth Capital reaffirmed a "buy" rating and issued a $38.00 target price on shares of Cinemark in a research report on Friday, July 17th. Benchmark increased their price target on shares of Cinemark from $35.00 to $37.00 and gave the stock a "buy" rating in a research report on Wednesday, June 17th. Weiss Ratings reissued a "hold (c)" rating on shares of Cinemark in a research note on Wednesday, June 24th. Guggenheim set a $37.00 price objective on shares of Cinemark in a report on Thursday, July 2nd. Finally, The Goldman Sachs Group upgraded shares of Cinemark from a "sell" rating to a "neutral" rating and lifted their price objective for the company from $23.00 to $30.00 in a report on Wednesday, July 8th.

Institutional Trading of Cinemark

Large investors have recently modified their holdings of the stock. Orbis Allan Gray Ltd boosted its holdings in Cinemark by 31.0% in the fourth quarter. Orbis Allan Gray Ltd now owns 15,057,911 shares of the company's stock valued at $349,946,000 after purchasing an additional 3,563,810 shares during the period. Wellington Management Group LLP grew its stake in Cinemark by 8.4% during the 4th quarter. Wellington Management Group LLP now owns 9,536,900 shares of the company's stock worth $221,638,000 after purchasing an additional 742,307 shares in the last quarter. Lavaca Capital LLC purchased a new stake in Cinemark during the 4th quarter worth about $133,045,000. State Street Corp increased its holdings in Cinemark by 1.5% during the 4th quarter. State Street Corp now owns 3,950,606 shares of the company's stock worth $91,812,000 after purchasing an additional 60,176 shares during the period. Finally, Alyeska Investment Group L.P. acquired a new stake in Cinemark in the 4th quarter valued at about $55,296,000.

Cinemark Stock Down 0.1%

NYSE:CNK opened at $32.67 on Monday. The company has a quick ratio of 0.58, a current ratio of 0.62 and a debt-to-equity ratio of 5.03. The stock's fifty day moving average is $30.71 and its two-hundred day moving average is $28.11. Cinemark has a 52 week low of $21.60 and a 52 week high of $34.73. The stock has a market capitalization of $3.82 billion, a price-to-earnings ratio of 28.91 and a beta of 0.98.

Cinemark (NYSE:CNK - Get Free Report) last posted its quarterly earnings data on Friday, May 1st. The company reported ($0.06) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.05) by ($0.01). Cinemark had a net margin of 5.31% and a return on equity of 41.31%. The firm had revenue of $643.10 million during the quarter, compared to analysts' expectations of $632.74 million. During the same quarter in the prior year, the firm posted ($0.32) EPS. Cinemark's quarterly revenue was up 18.9% compared to the same quarter last year. Research analysts anticipate that Cinemark will post 2.14 EPS for the current year.

Cinemark Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 11th. Shareholders of record on Thursday, May 28th were given a $0.09 dividend. This represents a $0.36 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend was Thursday, May 28th. Cinemark's dividend payout ratio (DPR) is currently 31.86%.

Cinemark Company Profile

Cinemark Holdings, Inc NYSE: CNK is a leading theatrical exhibitor that acquires, develops and operates motion picture theatres under the Cinemark® brand in the United States and Latin America. The company's core business involves the presentation of first-run feature films coupled with an array of in‐theatre services, including concessions, premium auditoriums and loyalty programs. Cinemark's exhibition portfolio encompasses both corporate‐owned and franchised complexes, offering moviegoers a range of experiences from standard screens to large‐format halls.

The company's product offerings extend beyond ticket sales to include an assortment of concession items, such as popcorn, fountain beverages, candy and specialty snacks, as well as bar and lounge concepts in select locations.

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