Cinemark (NYSE:CNK) Earns Neutral Rating from Wedbush

Cinemark (NYSE:CNK)‘s stock had its “neutral” rating restated by analysts at Wedbush in a research report issued on Monday,Benzinga reports. They presently have a $32.00 target price on the stock. Wedbush’s price target points to a potential upside of 7.44% from the company’s previous close. Wedbush also issued estimates for Cinemark’s Q2 2025 earnings at $0.57 EPS, Q4 2025 earnings at $0.38 EPS, Q2 2026 earnings at $0.72 EPS and Q3 2026 earnings at $0.75 EPS.

A number of other brokerages also recently commented on CNK. Wells Fargo & Company reduced their price objective on Cinemark from $38.00 to $36.00 and set an “overweight” rating for the company in a research report on Wednesday, January 29th. JPMorgan Chase & Co. raised Cinemark from a “neutral” rating to an “overweight” rating and raised their target price for the stock from $30.00 to $34.00 in a research report on Friday, April 11th. Morgan Stanley lowered their price target on shares of Cinemark from $40.00 to $35.00 and set an “overweight” rating on the stock in a report on Thursday, February 20th. Barrington Research reaffirmed an “outperform” rating and set a $40.00 price objective on shares of Cinemark in a report on Wednesday, February 19th. Finally, Macquarie reissued an “outperform” rating and issued a $35.00 target price on shares of Cinemark in a research note on Thursday, February 20th. One analyst has rated the stock with a sell rating, three have given a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Cinemark has a consensus rating of “Moderate Buy” and an average target price of $33.10.

Cinemark Stock Down 0.7 %

CNK stock opened at $29.79 on Monday. The company has a debt-to-equity ratio of 3.28, a current ratio of 1.01 and a quick ratio of 0.96. The company has a 50-day moving average of $26.22 and a two-hundred day moving average of $29.30. The stock has a market capitalization of $3.51 billion, a price-to-earnings ratio of 14.67 and a beta of 2.07. Cinemark has a 52-week low of $16.32 and a 52-week high of $36.28.

Cinemark (NYSE:CNK) last issued its quarterly earnings results on Wednesday, February 19th. The company reported $0.33 EPS for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.06). The business had revenue of $814.30 million for the quarter, compared to analyst estimates of $797.18 million. Cinemark had a return on equity of 65.83% and a net margin of 10.16%. The firm’s quarterly revenue was up 27.5% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.15) earnings per share. As a group, equities research analysts anticipate that Cinemark will post 1.93 EPS for the current year.

Insider Transactions at Cinemark

In related news, insider Wanda Marie Gierhart sold 9,119 shares of the business’s stock in a transaction that occurred on Tuesday, February 25th. The shares were sold at an average price of $27.00, for a total value of $246,213.00. Following the completion of the transaction, the insider now owns 147,414 shares in the company, valued at $3,980,178. The trade was a 5.83 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 2.30% of the stock is owned by company insiders.

Hedge Funds Weigh In On Cinemark

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CNK. Elequin Capital LP raised its holdings in Cinemark by 211.6% during the 4th quarter. Elequin Capital LP now owns 997 shares of the company’s stock worth $31,000 after buying an additional 677 shares during the period. Russell Investments Group Ltd. raised its holdings in shares of Cinemark by 402.4% during the fourth quarter. Russell Investments Group Ltd. now owns 1,030 shares of the company’s stock worth $32,000 after acquiring an additional 825 shares during the period. Aster Capital Management DIFC Ltd lifted its position in Cinemark by 380.0% in the 4th quarter. Aster Capital Management DIFC Ltd now owns 1,896 shares of the company’s stock valued at $59,000 after acquiring an additional 1,501 shares in the last quarter. R Squared Ltd bought a new stake in Cinemark in the 4th quarter valued at $63,000. Finally, Quarry LP increased its holdings in Cinemark by 41.8% during the 4th quarter. Quarry LP now owns 2,114 shares of the company’s stock worth $65,000 after purchasing an additional 623 shares in the last quarter.

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.