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

Key Points

• Analysts remain moderately bullish on Cinemark: Nine of 15 analysts rate the stock a buy and six recommend holding it, with an average 12-month price target of approximately $37.93 versus its $34.84 opening price.
• Cinemark reported quarterly results above expectations, posting EPS of $1.19 versus the $1.03 consensus and revenue of $1.09 billion, up 15.5% year over year.
• The company paid a quarterly dividend of $0.09, equivalent to $0.36 annually and a 1.0% yield, while major institutional investors including BlackRock and California State Teachers Retirement System increased or initiated positions.

Shares of Cinemark Holdings Inc (NYSE:CNK - Get Free Report) have been given a consensus rating of "Moderate Buy" by the fifteen ratings firms that are currently covering the firm, Marketbeat reports. Six research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $37.9286.

Several analysts have recently issued reports on CNK shares. Guggenheim set a $37.00 target price on Cinemark in a report on Thursday, July 2nd. Moffett Nathanson reaffirmed a "buy" rating and set a $40.00 price objective on shares of Cinemark in a research report on Thursday, July 30th. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating and set a $40.00 price objective on shares of Cinemark in a research note on Friday, July 31st. Roth Capital set a $40.00 target price on shares of Cinemark in a report on Thursday, July 30th. Finally, Zacks Research cut shares of Cinemark from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, September 2nd.

Cinemark Trading Down 0.7%

Shares of CNK stock opened at $34.84 on Tuesday. The stock has a market cap of $4.04 billion, a P/E ratio of 20.61 and a beta of 0.98. Cinemark has a 1 year low of $21.60 and a 1 year high of $38.98. 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 stock has a 50 day simple moving average of $34.73 and a 200 day simple moving average of $31.12.

Cinemark (NYSE:CNK - Get Free Report) last posted its quarterly earnings data on Thursday, July 30th. The company reported $1.19 EPS for the quarter, topping analysts' consensus estimates of $1.03 by $0.16. The firm had revenue of $1.09 billion for the quarter, compared to analyst estimates of $1.03 billion. Cinemark had a return on equity of 50.94% and a net margin of 6.44%.The company's revenue was up 15.5% on a year-over-year basis. During the same quarter last year, the company earned $0.63 EPS. On average, research analysts predict that Cinemark will post 2.36 earnings per share for the current fiscal year.

Cinemark Announces Dividend

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

Institutional Investors Weigh In On Cinemark

Several institutional investors and hedge funds have recently added to or reduced their stakes in CNK. BlackRock Inc. bought a new position in Cinemark in the second quarter valued at about $530,855,000. California State Teachers Retirement System raised its stake in Cinemark by 3,026.1% during the second quarter. California State Teachers Retirement System now owns 3,803,380 shares of the company's stock worth $119,867,000 after acquiring an additional 3,681,716 shares in the last quarter. Park West Asset Management LLC bought a new position in shares of Cinemark in the second quarter worth about $40,707,000. Northwestern Mutual Wealth Management Co. boosted its stake in shares of Cinemark by 5,472,594.7% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,039,812 shares of the company's stock valued at $24,165,000 after purchasing an additional 1,039,793 shares in the last quarter. Finally, Bank of New York Mellon Corp acquired a new stake in shares of Cinemark in the 2nd quarter valued at approximately $29,387,000.

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 Century-branded locations, the company offers theatrical screenings of newly released films across a range of formats and venue types.

In addition to movie tickets, Cinemark generates revenue through food and beverage concessions, advertising, and premium entertainment experiences. Its offerings include luxury seating, large-format screens, and enhanced audio and visual presentations, along with online and mobile ticketing and the Movie Club customer loyalty program.

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

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