Cinemark (NYSE:CNK) Price Target Raised to $36.00

Key Points

• Wells Fargo raised its price target on Cinemark to $36.00 (an "overweight" rating), implying about a 20% upside from the stock's previous close.
• Cinemark recently missed quarterly EPS ($0.16 vs. $0.24 expected) and reported revenue down 4.7% year‑over‑year, signaling near‑term operating pressure.
• The stock trades around $30 with a PE of 34.3 and market cap of $3.47B, while the company carries a high debt‑to‑equity ratio (~4.74), factors investors should weigh against analyst optimism.

Cinemark (NYSE:CNK - Get Free Report) had its target price lifted by equities researchers at Wells Fargo & Company from $32.00 to $36.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The firm currently has an "overweight" rating on the stock. Wells Fargo & Company's price target would suggest a potential upside of 20.00% from the stock's previous close.

A number of other research analysts have also recently weighed in on the stock. Wall Street Zen upgraded shares of Cinemark from a "sell" rating to a "hold" rating in a research note on Saturday, February 21st. Zacks Research upgraded shares of Cinemark from a "strong sell" rating to a "hold" rating in a research note on Monday, March 2nd. UBS Group upgraded shares of Cinemark to a "buy" rating in a research note on Tuesday, January 20th. Roth Mkm restated a "buy" rating and set a $36.00 target price on shares of Cinemark in a research note on Thursday, February 19th. Finally, Moffett Nathanson upgraded shares of Cinemark from a "neutral" rating to a "buy" rating and set a $30.00 target price on the stock in a research note on Tuesday, January 20th. Ten analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $32.69.

Cinemark Stock Performance

Shares of Cinemark stock traded up $0.28 on Thursday, hitting $30.00. 233,958 shares of the company's stock were exchanged, compared to its average volume of 2,470,429. The company has a 50-day simple moving average of $26.81 and a 200-day simple moving average of $26.17. The stock has a market capitalization of $3.47 billion, a PE ratio of 34.33 and a beta of 1.09. Cinemark has a 1 year low of $21.60 and a 1 year high of $34.01. The company has a debt-to-equity ratio of 4.74, a quick ratio of 0.67 and a current ratio of 0.71.

Cinemark (NYSE:CNK - Get Free Report) last issued its quarterly earnings results on Wednesday, February 18th. The company reported $0.16 earnings per share for the quarter, missing the consensus estimate of $0.24 by ($0.08). The business had revenue of $776.30 million for the quarter, compared to analysts' expectations of $778.41 million. Cinemark had a return on equity of 34.11% and a net margin of 4.44%.The company's revenue was down 4.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.33 EPS. As a group, equities analysts anticipate that Cinemark will post 1.93 EPS for the current year.

Insider Buying and Selling

In other Cinemark news, EVP Melissa Thomas sold 7,944 shares of the business's stock in a transaction on Wednesday, February 4th. The shares were sold at an average price of $26.05, for a total value of $206,941.20. Following the sale, the executive vice president owned 159,416 shares in the company, valued at $4,152,786.80. The trade was a 4.75% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 2.10% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in CNK. Intech Investment Management LLC raised its position in shares of Cinemark by 129.0% during the 3rd quarter. Intech Investment Management LLC now owns 156,602 shares of the company's stock valued at $4,388,000 after buying an additional 88,203 shares in the last quarter. Jain Global LLC raised its position in Cinemark by 37.4% in the 3rd quarter. Jain Global LLC now owns 1,644,623 shares of the company's stock worth $46,082,000 after purchasing an additional 447,468 shares during the period. Cartenna Capital LP raised its position in Cinemark by 29.4% in the 3rd quarter. Cartenna Capital LP now owns 1,650,000 shares of the company's stock worth $46,233,000 after purchasing an additional 375,000 shares during the period. Junto Capital Management LP purchased a new stake in Cinemark in the 3rd quarter worth about $25,509,000. Finally, Y Intercept Hong Kong Ltd raised its position in Cinemark by 108.5% in the 3rd quarter. Y Intercept Hong Kong Ltd now owns 90,886 shares of the company's stock worth $2,547,000 after purchasing an additional 47,288 shares during the period.

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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