Cinemark Holdings Inc (NYSE:CNK) Receives $33.31 Consensus Target Price from Analysts

Shares of Cinemark Holdings Inc (NYSE:CNK) have been given an average recommendation of “Moderate Buy” by the fifteen ratings firms that are presently covering the company, Marketbeat reports. One research analyst has rated the stock with a sell rating, three have given a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $33.3077.

A number of analysts have recently commented on CNK shares. Roth Mkm restated a “buy” rating and set a $37.00 price objective on shares of Cinemark in a report on Thursday, April 23rd. B. Riley Financial restated a “neutral” rating on shares of Cinemark in a report on Friday, April 17th. Morgan Stanley upped their price objective on Cinemark from $28.00 to $30.00 and gave the stock an “equal weight” rating in a report on Thursday, April 30th. Benchmark reiterated a “buy” rating on shares of Cinemark in a report on Thursday, February 19th. Finally, Moffett Nathanson upgraded Cinemark from a “neutral” rating to a “buy” rating and set a $30.00 price target for the company in a report on Tuesday, January 20th.

Cinemark Trading Down 2.3%

Shares of CNK opened at $26.22 on Wednesday. The company has a market capitalization of $3.06 billion, a PE ratio of 23.20 and a beta of 1.03. The company has a debt-to-equity ratio of 5.03, a quick ratio of 0.58 and a current ratio of 0.62. The stock has a fifty day moving average of $28.09 and a two-hundred day moving average of $26.41. Cinemark has a fifty-two week low of $21.60 and a fifty-two week high of $34.01.

Cinemark (NYSE:CNK) last released its quarterly earnings data on Friday, May 1st. The company reported ($0.06) EPS for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.01). The firm had revenue of $643.10 million for the quarter, compared to analyst estimates of $632.74 million. Cinemark had a return on equity of 41.31% and a net margin of 5.31%.The company’s quarterly revenue was up 18.9% on a year-over-year basis. During the same quarter in the previous year, the company earned ($0.32) earnings per share. As a group, analysts forecast that Cinemark will post 2.11 EPS for the current year.

Cinemark Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 11th. Investors of record on Thursday, May 28th will be issued a $0.09 dividend. This represents a $0.36 annualized dividend and a yield of 1.4%. The ex-dividend date is Thursday, May 28th. Cinemark’s dividend payout ratio is currently 31.86%.

Institutional Trading of Cinemark

Several large investors have recently added to or reduced their stakes in the stock. Maryland State Retirement & Pension System increased its holdings in Cinemark by 3.1% in the 4th quarter. Maryland State Retirement & Pension System now owns 15,157 shares of the company’s stock valued at $352,000 after purchasing an additional 449 shares in the last quarter. Amalgamated Bank boosted its position in Cinemark by 1.7% in the 3rd quarter. Amalgamated Bank now owns 29,626 shares of the company’s stock valued at $830,000 after buying an additional 488 shares during the last quarter. Gabelli Funds LLC boosted its position in Cinemark by 0.5% in the 1st quarter. Gabelli Funds LLC now owns 101,866 shares of the company’s stock valued at $2,905,000 after buying an additional 490 shares during the last quarter. Smartleaf Asset Management LLC boosted its position in Cinemark by 20.1% in the 3rd quarter. Smartleaf Asset Management LLC now owns 3,027 shares of the company’s stock valued at $83,000 after buying an additional 506 shares during the last quarter. Finally, Oregon Public Employees Retirement Fund boosted its position in Cinemark by 2.2% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 23,584 shares of the company’s stock valued at $548,000 after buying an additional 507 shares during the last quarter.

Cinemark Company Profile

Cinemark Holdings, Inc (NYSE: CNK) is a leading theatrical exhibitor that acquires, develops and operates motion picture theatres under the Cinemark® brand in the United States and Latin America. The company’s core business involves the presentation of first-run feature films coupled with an array of in‐theatre services, including concessions, premium auditoriums and loyalty programs. Cinemark’s exhibition portfolio encompasses both corporate‐owned and franchised complexes, offering moviegoers a range of experiences from standard screens to large‐format halls.

The company’s product offerings extend beyond ticket sales to include an assortment of concession items, such as popcorn, fountain beverages, candy and specialty snacks, as well as bar and lounge concepts in select locations.