Cinemark’s (CNK) Outperform Rating Reiterated at Barrington Research

Cinemark (NYSE:CNK)‘s stock had its “outperform” rating reissued by analysts at Barrington Research in a report issued on Monday, Benzinga reports. They currently have a $24.00 price objective on the stock. Barrington Research’s target price would indicate a potential upside of 34.60% from the stock’s previous close.

A number of other equities research analysts also recently commented on CNK. The Goldman Sachs Group lowered their price target on shares of Cinemark from $16.00 to $12.00 and set a “sell” rating for the company in a report on Thursday, January 11th. Benchmark reissued a “buy” rating and set a $22.00 target price on shares of Cinemark in a research report on Wednesday, April 10th. JPMorgan Chase & Co. boosted their target price on shares of Cinemark from $17.00 to $19.00 and gave the stock a “neutral” rating in a research report on Monday, April 8th. B. Riley cut shares of Cinemark from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $23.00 to $15.00 in a research report on Tuesday, January 2nd. Finally, Wells Fargo & Company raised shares of Cinemark from an “underweight” rating to an “overweight” rating and boosted their target price for the stock from $13.00 to $23.00 in a research report on Friday, April 5th. One analyst has rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $20.11.

Cinemark Stock Down 0.2 %

Shares of NYSE CNK opened at $17.83 on Monday. The company has a quick ratio of 1.42, a current ratio of 1.45 and a debt-to-equity ratio of 7.73. Cinemark has a 52 week low of $13.19 and a 52 week high of $20.40. The firm has a 50-day moving average price of $17.71 and a 200 day moving average price of $15.85. The stock has a market capitalization of $2.17 billion, a price-to-earnings ratio of 14.50, a price-to-earnings-growth ratio of 2.15 and a beta of 2.27.

Cinemark (NYSE:CNK) last posted its earnings results on Friday, February 16th. The company reported ($0.15) earnings per share for the quarter, missing the consensus estimate of ($0.07) by ($0.08). Cinemark had a net margin of 6.14% and a return on equity of 72.91%. The business had revenue of $638.90 million for the quarter, compared to analysts’ expectations of $619.67 million. During the same quarter last year, the business posted ($0.82) earnings per share. The business’s revenue was up 6.5% compared to the same quarter last year. Equities research analysts anticipate that Cinemark will post 0.85 EPS for the current fiscal year.

Insider Activity at Cinemark

In related news, insider Wanda Marie Gierhart sold 19,593 shares of the company’s stock in a transaction on Wednesday, February 28th. The shares were sold at an average price of $16.75, for a total value of $328,182.75. Following the sale, the insider now directly owns 179,591 shares of the company’s stock, valued at $3,008,149.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 2.30% of the stock is currently owned by corporate insiders.

Institutional Trading of Cinemark

Several institutional investors have recently added to or reduced their stakes in the stock. NBC Securities Inc. bought a new stake in Cinemark during the third quarter valued at $74,000. DekaBank Deutsche Girozentrale bought a new stake in Cinemark during the third quarter valued at $193,000. Algert Global LLC bought a new stake in Cinemark during the third quarter valued at $222,000. Virtu Financial LLC bought a new stake in Cinemark during the fourth quarter valued at $192,000. Finally, Mackenzie Financial Corp bought a new stake in Cinemark during the fourth quarter valued at $210,000.

Cinemark Company Profile

Cinemark Holdings, Inc, together with its subsidiaries, engages in the motion picture exhibition business. As of February 16, 2024, it operated 501 theatres with 5,719 screens in 42 states and 13 countries in South and Central America. Cinemark Holdings, Inc was founded in 1984 and is headquartered in Plano, Texas.