Cinemark - CNK Stock Forecast, Price & News

7 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Cinemark in the last year. There are currently 2 sell ratings, 2 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street equities 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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7 equities research analysts have issued 1-year price targets for Cinemark's stock. Their CNK share price forecasts range from $9.00 to $22.00. On average, they anticipate the company's stock price to reach $16.44 in the next year. This suggests a possible upside of 22.4% from the stock's current price.
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Cinemark's stock was trading at $16.12 at the beginning of 2022. Since then, CNK stock has decreased by 16.6% and is now trading at $13.44.
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Cinemark saw a increase in short interest in the month of October. As of October 31st, there was short interest totaling 23,630,000 shares, an increase of 9.0% from the October 15th total of 21,670,000 shares. Based on an average daily volume of 3,010,000 shares, the days-to-cover ratio is currently 7.9 days. Approximately 21.8% of the company's stock are sold short.
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The company is scheduled to release its next quarterly earnings announcement on Friday, February 24th 2023.
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Cinemark Holdings, Inc. (NYSE:CNK) released its quarterly earnings results on Friday, November, 5th. The company reported ($0.65) earnings per share for the quarter, topping the consensus estimate of ($0.70) by $0.05. The company had revenue of $434.80 million for the quarter, compared to the consensus estimate of $428.65 million. Cinemark had a negative net margin of 6.59% and a negative trailing twelve-month return on equity of 27.93%. Cinemark's revenue for the quarter was up 1124.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($1.25) EPS.

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 retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (10.30%), Polaris Capital Management LLC (3.20%), Renaissance Technologies LLC (2.16%), Victory Capital Management Inc. (1.50%), Dimensional Fund Advisors LP (1.46%) and Seaview Investment Managers LLC (0.83%). Insiders that own company stock include Lee Roy Mitchell, Mark Zoradi, Michael Cavalier, Valmir Fernandes and Ximena G Humrichouse.
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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 $13.44.

Cinemark (NYSE:CNK) has a market capitalization of $1.62 billion and generates $1.51 billion in revenue each year. The company earns $-422,780,000.00 in net income (profit) each year or ($1.38) on an earnings per share basis.

The company employs 16,000 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.