Analysts Set Cinemark Holdings, Inc. (NYSE:CNK) PT at $32.80

Shares of Cinemark Holdings, Inc. (NYSE:CNK) have earned an average rating of “Moderate Buy” from the eleven ratings firms that are presently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell rating, three have given a hold rating, six have assigned a buy rating and one has issued a strong buy rating on the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $32.80.

A number of brokerages recently weighed in on CNK. Macquarie boosted their target price on shares of Cinemark from $32.00 to $34.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. The Goldman Sachs Group lifted their price target on Cinemark from $16.00 to $20.00 and gave the stock a “sell” rating in a report on Thursday, September 19th. Benchmark lifted their target price on Cinemark from $32.00 to $40.00 and gave the stock a “buy” rating in a report on Tuesday, December 3rd. Wedbush cut shares of Cinemark from a “strong-buy” rating to a “hold” rating in a research note on Friday, November 1st. Finally, Wells Fargo & Company raised their target price on shares of Cinemark from $35.00 to $38.00 and gave the stock an “overweight” rating in a report on Wednesday, November 27th.

Insider Transactions at Cinemark

In related news, insider Valmir Fernandes sold 25,000 shares of Cinemark stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $32.68, for a total transaction of $817,000.00. Following the sale, the insider now directly owns 179,729 shares in the company, valued at $5,873,543.72. This trade represents a 12.21 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 2.30% of the company’s stock.

Institutional Trading of Cinemark

Several institutional investors have recently modified their holdings of the business. Quarry LP increased its stake in shares of Cinemark by 714.8% in the third quarter. Quarry LP now owns 1,491 shares of the company’s stock valued at $42,000 after buying an additional 1,308 shares during the period. GAMMA Investing LLC lifted its position in shares of Cinemark by 106.1% in the 3rd quarter. GAMMA Investing LLC now owns 2,020 shares of the company’s stock worth $56,000 after purchasing an additional 1,040 shares during the period. Point72 Asia Singapore Pte. Ltd. lifted its position in shares of Cinemark by 38.7% in the 2nd quarter. Point72 Asia Singapore Pte. Ltd. now owns 3,145 shares of the company’s stock worth $68,000 after purchasing an additional 877 shares during the period. USA Financial Formulas bought a new stake in shares of Cinemark in the 3rd quarter valued at $77,000. Finally, CWM LLC increased its position in shares of Cinemark by 134.4% during the third quarter. CWM LLC now owns 2,993 shares of the company’s stock worth $83,000 after buying an additional 1,716 shares during the period.

Cinemark Trading Up 0.0 %

Shares of NYSE:CNK opened at $30.98 on Friday. The company’s fifty day simple moving average is $31.90 and its 200 day simple moving average is $27.63. Cinemark has a 12 month low of $13.19 and a 12 month high of $36.28. The firm has a market cap of $3.79 billion, a price-to-earnings ratio of 19.99, a PEG ratio of 1.66 and a beta of 2.38. The company has a quick ratio of 0.96, a current ratio of 0.98 and a debt-to-equity ratio of 3.46.

Cinemark (NYSE:CNK) last announced its earnings results on Thursday, October 31st. The company reported $1.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.58 by $0.61. Cinemark had a return on equity of 60.21% and a net margin of 8.36%. The business had revenue of $921.80 million for the quarter, compared to analyst estimates of $894.90 million. During the same quarter last year, the firm earned $0.61 EPS. Cinemark’s revenue for the quarter was up 5.4% compared to the same quarter last year. As a group, research analysts forecast that Cinemark will post 2 EPS for the current fiscal year.

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.