Cinemark (NYSE:CNK) Rating Increased to Strong-Buy at Wall Street Zen

Cinemark (NYSE:CNK - Get Free Report) was upgraded by equities research analysts at Wall Street Zen from a "buy" rating to a "strong-buy" rating in a research note issued to investors on Saturday.

CNK has been the subject of several other research reports. Wells Fargo & Company boosted their price objective on shares of Cinemark from $31.00 to $34.00 and gave the stock an "equal weight" rating in a research report on Friday, July 31st. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating and set a $40.00 price target on shares of Cinemark in a research note on Friday, July 31st. JPMorgan Chase & Co. downgraded shares of Cinemark from an "overweight" rating to a "neutral" rating and decreased their price objective for the company from $40.00 to $39.00 in a research note on Friday. Guggenheim set a $37.00 price objective on Cinemark in a report on Thursday, July 2nd. Finally, Weiss Ratings upgraded Cinemark from a "hold (c)" rating to a "hold (c+)" rating in a research report on Friday, July 31st. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and six have issued a Hold rating to the company. According to MarketBeat, Cinemark currently has a consensus rating of "Moderate Buy" and a consensus price target of $37.93.

Cinemark Trading Down 0.8%

CNK opened at $37.37 on Friday. The company has a debt-to-equity ratio of 3.87, a quick ratio of 0.81 and a current ratio of 0.84. Cinemark has a one year low of $21.60 and a one year high of $38.98. The company has a market cap of $4.33 billion, a P/E ratio of 22.11 and a beta of 1.00. The business's 50-day simple moving average is $33.29 and its 200-day simple moving average is $29.46.

Cinemark (NYSE:CNK - Get Free Report) last posted its earnings results on Thursday, July 30th. The company reported $1.19 earnings per share for the quarter, topping the consensus estimate of $1.03 by $0.16. The firm had revenue of $1.09 billion during the quarter, compared to analysts' expectations of $1.03 billion. Cinemark had a return on equity of 50.94% and a net margin of 6.44%.The firm's revenue was up 15.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.63 earnings per share. As a group, equities research analysts expect that Cinemark will post 2.34 EPS for the current fiscal year.

Institutional Trading of Cinemark

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Maryland State Retirement & Pension System grew its stake in shares of Cinemark by 3.1% in the 4th quarter. Maryland State Retirement & Pension System now owns 15,157 shares of the company's stock valued at $352,000 after purchasing an additional 449 shares during the last quarter. GAMMA Investing LLC raised its stake in shares of Cinemark by 10.2% during the second quarter. GAMMA Investing LLC now owns 4,982 shares of the company's stock worth $158,000 after purchasing an additional 462 shares during the last quarter. Gabelli Funds LLC lifted its holdings in shares of Cinemark by 0.5% during the first quarter. Gabelli Funds LLC now owns 101,866 shares of the company's stock worth $2,905,000 after purchasing an additional 490 shares during the period. Oregon Public Employees Retirement Fund lifted its holdings in shares of Cinemark by 2.2% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 23,584 shares of the company's stock worth $548,000 after purchasing an additional 507 shares during the period. Finally, EverSource Wealth Advisors LLC grew its position in Cinemark by 118.5% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 935 shares of the company's stock valued at $28,000 after buying an additional 507 shares during the last quarter.

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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