Cinemark (NYSE:CNK) Stock Rating Lowered by Wall Street Zen

Cinemark (NYSE:CNK) was downgraded by research analysts at Wall Street Zen from a “strong-buy” rating to a “buy” rating in a note issued to investors on Saturday, Wall Street Zen reports.

A number of other research firms have also weighed in on CNK. Barrington Research set a $42.00 target price on Cinemark in a research note on Thursday, July 30th. Weiss Ratings raised shares of Cinemark from a “buy (b-)” rating to a “buy (b)” rating in a research note on Thursday, October 8th. JPMorgan Chase & Co. boosted their target price on shares of Cinemark from $39.00 to $41.00 and gave the company a “neutral” rating in a research note on Friday, October 23rd. Morgan Stanley upped their price target on shares of Cinemark from $40.00 to $45.00 and gave the stock an “equal weight” rating in a report on Monday, November 2nd. Finally, Moffett Nathanson reaffirmed a “buy” rating and issued a $40.00 price target on shares of Cinemark in a research note on Thursday, July 30th. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, Cinemark has a consensus rating of “Moderate Buy” and an average price target of $39.57.

Cinemark Trading Down 0.0%

Shares of NYSE CNK opened at $38.89 on Friday. The company has a debt-to-equity ratio of 3.13, a quick ratio of 0.91 and a current ratio of 0.94. The business’s 50 day moving average price is $37.14 and its 200-day moving average price is $31.65. Cinemark has a fifty-two week low of $21.60 and a fifty-two week high of $41.55. The company has a market cap of $4.51 billion, a price-to-earnings ratio of 16.69 and a beta of 1.07.

Cinemark (NYSE:CNK) last issued its quarterly earnings results on Tuesday, November 3rd. The company reported $1.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.98 by $0.06. Cinemark had a return on equity of 60.04% and a net margin of 8.13%. The firm had revenue of $1.06 billion during the quarter, compared to analyst estimates of $1.04 billion. During the same period last year, the company earned $0.40 EPS. Cinemark’s quarterly revenue was up 23.5% compared to the same quarter last year. On average, sell-side analysts expect that Cinemark will post 2.75 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. Public Employees Retirement System of Ohio purchased a new position in shares of Cinemark during the second quarter valued at $32,000. TD Waterhouse Canada Inc. bought a new stake in shares of Cinemark in the third quarter valued at about $36,000. USA Financial Formulas bought a new stake in shares of Cinemark in the third quarter valued at about $43,000. Integrated Wealth Concepts LLC purchased a new stake in Cinemark in the second quarter worth about $60,000. Finally, KBC Group NV lifted its stake in Cinemark by 56.9% in the first quarter. KBC Group NV now owns 4,334 shares of the company’s stock worth $124,000 after acquiring an additional 1,572 shares during the period.

Cinemark Company Profile

Cinemark Holdings, Inc operates movie theaters in the United States and Latin America. Its theaters screen feature films and offer related entertainment experiences, including premium large-format presentations and in-theater amenities.

The company operates under brands including Cinemark, Century Theatres and Tinseltown. Its services include concessions, advertising, private events and its Cinemark Movie Club subscription program.

Cinemark traces its roots to 1984 and is headquartered in Plano, Texas.