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 brokers have issued 12-month target prices for Cinemark's stock. Their CNK share price forecasts range from $9.00 to $22.00. On average, they expect the company's share price to reach $16.44 in the next twelve months. This suggests a possible upside of 33.4% from the stock's current price.
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Cinemark's stock was trading at $16.12 at the beginning of the year. Since then, CNK stock has decreased by 23.5% and is now trading at $12.33.
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Cinemark saw a increase in short interest during 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. Currently, 21.8% of the shares of the stock are short sold.
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The company is scheduled to release its next quarterly earnings announcement on Friday, February 24th 2023.
View our CNK earnings forecast.

Cinemark Holdings, Inc. (NYSE:CNK) issued its quarterly earnings data 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 business earned $434.80 million during the quarter, compared to analysts' expectations of $428.65 million. Cinemark had a negative trailing twelve-month return on equity of 27.93% and a negative net margin of 6.59%. The company'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 earned ($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 variety of institutional and retail 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 $12.33.

Cinemark (NYSE:CNK) has a market capitalization of $1.48 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.