Wedbush set a $42.00 price objective on Cinemark (NYSE:CNK) in a research note issued to investors on Tuesday. The firm currently has a buy rating on the stock.

A number of other equities analysts have also recently issued reports on the company. Zacks Investment Research upgraded Cinemark from a sell rating to a hold rating in a report on Wednesday, November 8th. B. Riley set a $47.00 price target on Cinemark and gave the stock a buy rating in a report on Wednesday, October 18th. Morgan Stanley upgraded Cinemark from an underweight rating to an equal weight rating and set a $38.00 price target on the stock in a report on Thursday, October 5th. Credit Suisse Group cut their price target on Cinemark from $34.00 to $30.00 and set an underperform rating on the stock in a report on Thursday, September 28th. Finally, Royal Bank Of Canada cut their price target on Cinemark from $43.00 to $40.00 and set a sector perform rating on the stock in a report on Monday, September 25th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and six have given a buy rating to the stock. Cinemark has an average rating of Hold and a consensus target price of $42.31.

Shares of Cinemark (NYSE:CNK) traded up $0.55 during mid-day trading on Tuesday, reaching $36.04. The company had a trading volume of 1,022,956 shares, compared to its average volume of 1,245,811. Cinemark has a 1-year low of $32.03 and a 1-year high of $44.84. The company has a market capitalization of $4,133.41, a PE ratio of 16.98, a PEG ratio of 1.20 and a beta of 1.18. The company has a debt-to-equity ratio of 1.50, a current ratio of 1.50 and a quick ratio of 1.46.

Cinemark (NYSE:CNK) last posted its quarterly earnings results on Friday, November 3rd. The company reported $0.33 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.02). The business had revenue of $710.70 million for the quarter, compared to the consensus estimate of $702.60 million. Cinemark had a return on equity of 18.43% and a net margin of 8.36%. Cinemark’s quarterly revenue was down 7.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.56 earnings per share. sell-side analysts predict that Cinemark will post 1.97 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, December 1st will be given a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.22%. The ex-dividend date is Thursday, November 30th. Cinemark’s payout ratio is 54.98%.

Several large investors have recently modified their holdings of the company. FMR LLC raised its position in shares of Cinemark by 17.5% during the second quarter. FMR LLC now owns 11,685,034 shares of the company’s stock worth $453,963,000 after purchasing an additional 1,742,861 shares during the period. Vanguard Group Inc. raised its position in shares of Cinemark by 4.3% during the second quarter. Vanguard Group Inc. now owns 9,385,792 shares of the company’s stock worth $364,639,000 after purchasing an additional 382,700 shares during the period. JPMorgan Chase & Co. raised its position in shares of Cinemark by 2.7% during the second quarter. JPMorgan Chase & Co. now owns 6,095,192 shares of the company’s stock worth $236,798,000 after purchasing an additional 160,113 shares during the period. Jennison Associates LLC raised its position in shares of Cinemark by 1.5% during the third quarter. Jennison Associates LLC now owns 4,049,006 shares of the company’s stock worth $146,615,000 after purchasing an additional 60,330 shares during the period. Finally, Victory Capital Management Inc. raised its position in shares of Cinemark by 1,771.5% during the third quarter. Victory Capital Management Inc. now owns 3,510,900 shares of the company’s stock worth $127,129,000 after purchasing an additional 3,323,302 shares during the period. 94.63% of the stock is currently owned by institutional investors.

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About Cinemark

Cinemark Holdings, Inc is engaged in the motion picture exhibition business with theatres in the United States (U.S.), Brazil, Argentina, Chile, Colombia, Peru, Ecuador, Honduras, El Salvador, Nicaragua, Costa Rica, Panama, Guatemala, Paraguay, Curacao and Bolivia. The Company manages its business in two segments: U.S.

Analyst Recommendations for Cinemark (NYSE:CNK)

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