Cinemark Holdings Inc (CNK) - What Are Investment Firms Saying About This Stock?

Key Points

• Analysts maintain a “Moderate Buy” consensus on Cinemark, with nine buy ratings and six holds among 15 firms. The average 12-month price target is $37.93.
• Cinemark shares opened at $36.37, near the analyst target, with a market capitalization of $4.22 billion and a 1-year trading range of $21.60 to $39.07.
• The company exceeded quarterly expectations, reporting $1.19 in EPS and $1.09 billion in revenue, while paying a quarterly dividend of $0.09, equivalent to a 1.0% annual yield.

Shares of Cinemark Holdings Inc (NYSE:CNK - Get Free Report) have been given a consensus recommendation of "Moderate Buy" by the fifteen ratings firms that are currently covering the stock, MarketBeat reports. Six analysts have rated the stock with a hold recommendation and nine have issued a buy recommendation on the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $37.93.

A number of research analysts have recently commented on CNK shares. Weiss Ratings upgraded Cinemark from a "buy (b-)" rating to a "buy (b)" rating in a research note on Thursday. Zacks Research lowered Cinemark from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, September 2nd. Moffett Nathanson reaffirmed a "buy" rating and issued a $40.00 target price on shares of Cinemark in a report on Thursday, July 30th. The Goldman Sachs Group upgraded Cinemark from a "sell" rating to a "neutral" rating and increased their target price for the company from $23.00 to $30.00 in a research report on Wednesday, July 8th. Finally, Wall Street Zen lowered Cinemark from a "strong-buy" rating to a "buy" rating in a research note on Saturday, August 29th.

Cinemark Trading Down 1.1%

CNK opened at $36.37 on Friday. The company has a market cap of $4.22 billion, a P/E ratio of 21.52 and a beta of 1.03. The company has a current ratio of 0.84, a quick ratio of 0.81 and a debt-to-equity ratio of 3.87. The company's 50 day moving average is $36.39 and its 200-day moving average is $32.30. Cinemark has a 1-year low of $21.60 and a 1-year high of $39.07.

Cinemark (NYSE:CNK - Get Free Report) last released its quarterly earnings data on Thursday, July 30th. The company reported $1.19 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.03 by $0.16. The business had revenue of $1.09 billion during the quarter, compared to analysts' expectations of $1.03 billion. Cinemark had a net margin of 6.44% and a return on equity of 50.94%. The firm's quarterly revenue was up 15.5% compared to the same quarter last year. During the same period in the prior year, the company earned $0.63 EPS. Equities research analysts predict that Cinemark will post 2.51 earnings per share for the current fiscal year.

Cinemark Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 9th. Investors of record on Wednesday, August 26th were issued a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date was Wednesday, August 26th. Cinemark's dividend payout ratio (DPR) is 21.30%.

Institutional Investors Weigh In On Cinemark

A number of institutional investors have recently added to or reduced their stakes in the business. Public Employees Retirement System of Ohio acquired a new position in shares of Cinemark during the second quarter worth $32,000. Integrated Wealth Concepts LLC acquired a new stake in Cinemark in the second quarter valued at $60,000. KBC Group NV increased its holdings in Cinemark by 56.9% in the first quarter. KBC Group NV now owns 4,334 shares of the company's stock valued at $124,000 after purchasing an additional 1,572 shares during the period. Nykredit A S bought a new position in Cinemark during the 2nd quarter worth $135,000. Finally, GAMMA Investing LLC raised its position in Cinemark by 10.2% during the 2nd 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.

About Cinemark

Cinemark Holdings, Inc is a motion picture exhibition company that operates movie theaters in the United States and Latin America. Through its Cinemark and other regional theater brands, the company shows first-run films and provides audiences with large-format entertainment experiences.

Cinemark's services include movie ticketing, food and beverage concessions, premium seating, and enhanced presentation formats such as its XD auditoriums. The company also offers customer loyalty programs, advertising opportunities, private theater rentals, and other event-based entertainment services.

Founded in 1987 by Lee Roy Mitchell, Cinemark is headquartered in Plano, Texas.

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