Analysts Set Cinemark Holdings, Inc. (NYSE:CNK) Price Target at $20.11

Cinemark Holdings, Inc. (NYSE:CNK) has been given an average recommendation of “Hold” by the nine research firms that are currently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating on the company. The average 12-month target price among analysts that have covered the stock in the last year is $20.11.

Several analysts have issued reports on the stock. Wells Fargo & Company raised shares of Cinemark from an “underweight” rating to an “overweight” rating and upped their price target for the company from $13.00 to $23.00 in a report on Friday, April 5th. Wedbush reiterated an “outperform” rating and set a $23.00 target price on shares of Cinemark in a report on Thursday. The Goldman Sachs Group cut their price target on Cinemark from $16.00 to $12.00 and set a “sell” rating for the company in a report on Thursday, January 11th. Benchmark reaffirmed a “buy” rating and set a $22.00 price objective on shares of Cinemark in a research note on Wednesday, April 10th. Finally, B. Riley downgraded shares of Cinemark from a “buy” rating to a “neutral” rating and cut their target price for the company from $23.00 to $15.00 in a research note on Tuesday, January 2nd.

Insiders Place Their Bets

In related news, insider Wanda Marie Gierhart sold 19,593 shares of the firm’s stock in a transaction that occurred 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 transaction, the insider now owns 179,591 shares in the company, valued at $3,008,149.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 2.30% of the stock is currently owned by insiders.

Institutional Trading of Cinemark

Large investors have recently added to or reduced their stakes in the stock. NBC Securities Inc. boosted its position in shares of Cinemark by 17.2% in the fourth quarter. NBC Securities Inc. now owns 4,764 shares of the company’s stock worth $67,000 after buying an additional 700 shares during the period. Virtu Financial LLC bought a new position in Cinemark during the 4th quarter valued at $192,000. DekaBank Deutsche Girozentrale acquired a new position in Cinemark in the third quarter worth about $193,000. Mackenzie Financial Corp bought a new stake in Cinemark in the fourth quarter valued at about $210,000. Finally, Watershed Asset Management L.L.C. raised its stake in Cinemark by 6.2% during the fourth quarter. Watershed Asset Management L.L.C. now owns 15,658 shares of the company’s stock valued at $221,000 after buying an additional 915 shares in the last quarter.

Cinemark Stock Performance

Shares of CNK stock opened at $17.48 on Tuesday. The company has a debt-to-equity ratio of 7.73, a quick ratio of 1.42 and a current ratio of 1.45. The stock has a market cap of $2.13 billion, a PE ratio of 14.21, a P/E/G ratio of 2.11 and a beta of 2.27. Cinemark has a 1 year low of $13.19 and a 1 year high of $20.40. The stock has a fifty day moving average price of $17.77 and a 200 day moving average price of $15.87.

Cinemark (NYSE:CNK) last released its quarterly earnings results on Friday, February 16th. The company reported ($0.15) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.07) by ($0.08). The firm had revenue of $638.90 million for the quarter, compared to analyst estimates of $619.67 million. Cinemark had a return on equity of 72.91% and a net margin of 6.14%. The company’s quarterly revenue was up 6.5% compared to the same quarter last year. During the same period last year, the firm earned ($0.82) EPS. Sell-side analysts forecast that Cinemark will post 0.85 earnings per share 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.