Cinemark (NYSE:CNK - Get Free Report)'s stock had its "outperform" rating reissued by stock analysts at Barrington Research in a research report issued on Monday, Benzinga reports. They presently have a $24.00 target price on the stock. Barrington Research's price objective would indicate a potential upside of 34.38% from the company's previous close.
A number of other analysts have also commented on CNK. Roth Mkm lifted their price target on Cinemark from $17.00 to $19.00 and gave the company a "neutral" rating in a research note on Wednesday, April 10th. Wells Fargo & Company raised Cinemark from an "underweight" rating to an "overweight" rating and lifted their price target for the company from $13.00 to $23.00 in a research note on Friday, April 5th. JPMorgan Chase & Co. lifted their price target on Cinemark from $17.00 to $19.00 and gave the company a "neutral" rating in a research note on Monday, April 8th. B. Riley lowered Cinemark from a "buy" rating to a "neutral" rating and cut their price objective for the stock from $23.00 to $15.00 in a research note on Tuesday, January 2nd. Finally, Benchmark reaffirmed a "buy" rating and issued a $22.00 price objective on shares of Cinemark in a research note on Wednesday, April 10th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, Cinemark has a consensus rating of "Hold" and a consensus target price of $20.11.
Check Out Our Latest Stock Report on Cinemark
Cinemark Price Performance
Cinemark stock traded down $0.36 during midday trading on Monday, reaching $17.86. The company's stock had a trading volume of 3,646,852 shares, compared to its average volume of 3,125,630. The business has a 50-day moving average price of $17.61 and a 200-day moving average price of $15.87. Cinemark has a 52 week low of $13.19 and a 52 week high of $20.40. The stock has a market cap of $2.17 billion, a PE ratio of 14.52, a price-to-earnings-growth ratio of 2.15 and a beta of 2.27. The company has a current ratio of 1.45, a quick ratio of 1.42 and a debt-to-equity ratio of 7.73.
Cinemark (NYSE:CNK - Get Free Report) last announced its quarterly earnings results on Friday, February 16th. The company reported ($0.15) EPS for the quarter, missing analysts' consensus estimates of ($0.07) by ($0.08). Cinemark had a net margin of 6.14% and a return on equity of 72.91%. The firm had revenue of $638.90 million for the quarter, compared to analyst estimates of $619.67 million. During the same period in the previous year, the business posted ($0.82) earnings per share. The business's revenue for the quarter was up 6.5% compared to the same quarter last year. On average, sell-side analysts predict that Cinemark will post 0.85 EPS for the current year.
Insider Buying and Selling at Cinemark
In other Cinemark news, insider Wanda Marie Gierhart sold 19,593 shares of the business's stock in a transaction that occurred on Wednesday, February 28th. The stock was sold at an average price of $16.75, for a total value of $328,182.75. Following the transaction, the insider now directly owns 179,591 shares of the company's stock, valued at $3,008,149.25. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 2.30% of the company's stock.
Hedge Funds Weigh In On Cinemark
Several institutional investors have recently added to or reduced their stakes in CNK. NBC Securities Inc. increased its holdings in shares of Cinemark by 17.2% during the fourth quarter. NBC Securities Inc. now owns 4,764 shares of the company's stock valued at $67,000 after acquiring an additional 700 shares in the last quarter. Virtu Financial LLC bought a new stake in shares of Cinemark during the fourth quarter valued at approximately $192,000. DekaBank Deutsche Girozentrale bought a new stake in shares of Cinemark during the third quarter valued at approximately $193,000. Mackenzie Financial Corp bought a new stake in shares of Cinemark during the fourth quarter valued at approximately $210,000. Finally, Watershed Asset Management L.L.C. increased its holdings in shares of Cinemark by 6.2% during the fourth quarter. Watershed Asset Management L.L.C. now owns 15,658 shares of the company's stock valued at $221,000 after acquiring an additional 915 shares in the last quarter.
About Cinemark
(
Get Free Report)
Cinemark Holdings, Inc, together with its subsidiaries, engages in the motion picture exhibition business. As of February 16, 2024, it operated 501 theatres with 5,719 screens in 42 states and 13 countries in South and Central America. Cinemark Holdings, Inc was founded in 1984 and is headquartered in Plano, Texas.
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