Cinemark Holdings Inc. (CNK) Receives $42.46 Consensus Target Price from Brokerages
Shares of Cinemark Holdings Inc. (NYSE:CNK) have earned a consensus rating of “Buy” from the eighteen brokerages that are currently covering the company. Seven investment analysts have rated the stock with a hold recommendation and eleven have issued a buy recommendation on the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $42.46.
A number of equities analysts have recently commented on CNK shares. MKM Partners raised their price objective on shares of Cinemark Holdings from $40.00 to $43.00 and gave the stock a “buy” rating in a report on Monday, July 25th. Credit Suisse Group AG set a $37.00 price objective on shares of Cinemark Holdings and gave the stock a “hold” rating in a report on Monday, August 1st. B. Riley raised shares of Cinemark Holdings from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $41.75 to $47.00 in a report on Thursday, August 4th. Drexel Hamilton downgraded shares of Cinemark Holdings from a “buy” rating to a “hold” rating and set a $42.00 price objective for the company. in a report on Wednesday, August 10th. Finally, Wunderlich raised their price objective on shares of Cinemark Holdings from $40.00 to $47.00 and gave the stock a “buy” rating in a report on Friday, August 12th.
Shares of Cinemark Holdings (NYSE:CNK) opened at 41.50 on Thursday. Cinemark Holdings has a 52 week low of $26.56 and a 52 week high of $42.56. The stock has a 50 day moving average of $40.04 and a 200-day moving average of $37.61. The firm has a market capitalization of $4.80 billion, a price-to-earnings ratio of 20.44 and a beta of 1.01.
Cinemark Holdings (NYSE:CNK) last released its quarterly earnings data on Tuesday, November 8th. The company reported $0.56 EPS for the quarter, missing analysts’ consensus estimates of $0.57 by $0.01. The business had revenue of $768.60 million for the quarter, compared to the consensus estimate of $776.40 million. Cinemark Holdings had a return on equity of 20.75% and a net margin of 8.06%. Cinemark Holdings’s revenue was up 9.8% on a year-over-year basis. During the same period in the previous year, the business posted $0.40 earnings per share. Analysts expect that Cinemark Holdings will post $1.99 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 16th. Shareholders of record on Friday, December 2nd will be given a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 2.60%. The ex-dividend date of this dividend is Wednesday, November 30th. Cinemark Holdings’s payout ratio is presently 53.47%.
A number of large investors have recently bought and sold shares of CNK. Nordea Investment Management AB bought a new stake in Cinemark Holdings during the second quarter valued at $507,000. BTR Capital Management Inc. boosted its stake in Cinemark Holdings by 0.8% in the second quarter. BTR Capital Management Inc. now owns 255,398 shares of the company’s stock valued at $9,312,000 after buying an additional 1,975 shares during the last quarter. Capstone Asset Management Co. boosted its stake in Cinemark Holdings by 2.8% in the second quarter. Capstone Asset Management Co. now owns 9,862 shares of the company’s stock valued at $360,000 after buying an additional 270 shares during the last quarter. Raymond James Trust N.A. boosted its stake in Cinemark Holdings by 13.2% in the second quarter. Raymond James Trust N.A. now owns 17,772 shares of the company’s stock valued at $648,000 after buying an additional 2,071 shares during the last quarter. Finally, Park National Corp OH bought a new stake in Cinemark Holdings during the second quarter valued at $203,000. Hedge funds and other institutional investors own 87.89% of the company’s stock.
Cinemark Holdings Company Profile
Cinemark Holdings, Inc (Cinemark) is engaged in the motion picture exhibition business with theatres in the United States, Brazil, Mexico, Argentina, Chile, Colombia, Peru, Ecuador, Honduras, El Salvador, Nicaragua, Costa Rica, Panama, Guatemala, Curacao and Bolivia. The Company manages its business in two segments: United States markets and international markets.
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