Cinemark (CNK) Stock Forecast, Price & News

10 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Cinemark in the last twelve months. There are currently 1 sell rating, 4 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" CNK shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in CNK, but not buy additional shares or sell existing shares.
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10 Wall Street analysts have issued 1-year target prices for Cinemark's stock. Their CNK share price forecasts range from $12.50 to $24.00. On average, they anticipate the company's stock price to reach $18.94 in the next twelve months. This suggests a possible upside of 7.4% from the stock's current price.
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Cinemark's stock was trading at $8.66 at the start of the year. Since then, CNK stock has increased by 103.7% and is now trading at $17.64.
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The company is scheduled to release its next quarterly earnings announcement on Friday, November 3rd 2023.
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Cinemark Holdings, Inc. (NYSE:CNK) announced its earnings results on Friday, August, 4th. The company reported $0.80 EPS for the quarter, topping analysts' consensus estimates of $0.54 by $0.26. The business earned $942.30 million during the quarter, compared to analysts' expectations of $870.21 million. Cinemark had a negative net margin of 0.28% and a negative trailing twelve-month return on equity of 4.43%. The business's revenue was up 26.6% on a year-over-year basis. During the same period in the previous year, the business posted $0.17 EPS.

ETFs with the largest weight of Cinemark (NYSE:CNK) stock in their portfolio include Invesco S&P SmallCap Utilities & Communication Services ETF (PSCU), Invesco Leisure and Entertainment ETF (PEJ), AdvisorShares Gerber Kawasaki ETF (GK), Burney U.S. Factor Rotation ETF (BRNY), First Trust Small Cap Growth AlphaDEX Fund (FYC) and First Trust Small Cap Core AlphaDEX Fund (FYX).SPDR S&P 600 Small Cap ETF (SLY).

295 employees have rated Cinemark Chief Executive Officer Mark Zoradi on Glassdoor.com. Mark Zoradi has an approval rating of 73% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other Cinemark investors own include Pfizer (PFE), Carnival Co. & (CCL), AT&T (T), Wells Fargo & Company (WFC), AMC Entertainment (AMC), Southwest Airlines (LUV), Tesla (TSLA), Exxon Mobil (XOM), Delta Air Lines (DAL) and Intel (INTC).

Cinemark trades on the New York Stock Exchange (NYSE) under the ticker symbol "CNK."

Cinemark's stock is owned by a number of institutional and retail investors. Top institutional shareholders include Marshall Wace LLP (3.28%), DLD Asset Management LP (0.00%), Victory Capital Management Inc. (1.92%), Dimensional Fund Advisors LP (1.75%), Renaissance Technologies LLC (1.70%) and Geode Capital Management LLC (1.69%). Insiders that own company stock include Enrique Senior, Michael Cavalier and Valmir Fernandes.
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Shares of CNK stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of CNK stock can currently be purchased for approximately $17.64.

Cinemark (NYSE:CNK) has a market capitalization of $2.15 billion and generates $2.45 billion in revenue each year. The company earns $-271,200,000.00 in net income (profit) each year or ($0.25) on an earnings per share basis.

The company employs 26,100 workers across the globe.

Cinemark's mailing address is 3900 DALLAS PARKWAY, PLANO TX, 75093. The official website for the company is www.cinemark.com. The company can be reached via phone at (972) 665-1000, via email at investors@cinemark.com, or via fax at 972-665-1008.