Cinemark (NYSE:CNK) Stock Rating Reaffirmed by Barrington Research

Cinemark (NYSE:CNK)‘s stock had its “outperform” rating reiterated by investment analysts at Barrington Research in a note issued to investors on Monday, Benzinga reports. They currently have a $24.00 target price on the stock. Barrington Research’s price target indicates a potential upside of 39.53% from the company’s current price.

A number of other equities analysts also recently issued reports on the stock. StockNews.com downgraded shares of Cinemark from a “hold” rating to a “sell” rating in a research note on Friday. The Goldman Sachs Group cut their price target on shares of Cinemark from $16.00 to $12.00 and set a “sell” rating on the stock in a report on Thursday, January 11th. Benchmark reiterated a “buy” rating and set a $23.00 price objective on shares of Cinemark in a research report on Friday. Roth Mkm upped their price target on shares of Cinemark from $17.00 to $19.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 10th. Finally, Wedbush restated an “outperform” rating and issued a $23.00 price target on shares of Cinemark in a research report on Thursday, April 25th. Two analysts have rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $20.33.

Cinemark Stock Performance

NYSE:CNK traded down $0.52 during trading hours on Monday, reaching $17.20. The stock had a trading volume of 1,101,090 shares, compared to its average volume of 3,064,443. The stock has a 50 day simple moving average of $17.91 and a 200 day simple moving average of $15.85. Cinemark has a 12-month low of $13.19 and a 12-month high of $20.40. The stock has a market cap of $2.10 billion, a P/E ratio of 11.80, a price-to-earnings-growth ratio of 2.06 and a beta of 2.25. The company has a debt-to-equity ratio of 7.42, a quick ratio of 1.45 and a current ratio of 1.48.

Cinemark (NYSE:CNK) last issued its quarterly earnings data on Thursday, May 2nd. The company reported $0.19 EPS for the quarter, beating the consensus estimate of ($0.21) by $0.40. Cinemark had a net margin of 7.12% and a return on equity of 69.48%. The company had revenue of $579.00 million during the quarter, compared to analysts’ expectations of $561.91 million. During the same quarter in the previous year, the company earned ($0.03) earnings per share. Cinemark’s revenue for the quarter was down 5.2% on a year-over-year basis. On average, research analysts forecast that Cinemark will post 0.86 EPS for the current fiscal year.

Insider Buying and Selling

In other Cinemark news, insider Wanda Marie Gierhart sold 19,593 shares of the company’s stock in a transaction dated Wednesday, February 28th. The shares were sold at an average price of $16.75, for a total value of $328,182.75. Following the completion of the transaction, the insider now directly owns 179,591 shares of the company’s stock, valued at approximately $3,008,149.25. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 2.30% of the company’s stock.

Institutional Investors Weigh In On Cinemark

A number of institutional investors have recently bought and sold shares of the business. NBC Securities Inc. increased its holdings in Cinemark by 17.2% during the 4th quarter. NBC Securities Inc. now owns 4,764 shares of the company’s stock valued at $67,000 after purchasing an additional 700 shares in the last quarter. Virtu Financial LLC bought a new position in Cinemark in the 4th quarter valued at about $192,000. DekaBank Deutsche Girozentrale acquired a new position in shares of Cinemark during the 3rd quarter worth approximately $193,000. Mackenzie Financial Corp bought a new position in Cinemark in the fourth quarter valued at approximately $210,000. Finally, Watershed Asset Management L.L.C. boosted its position in Cinemark by 6.2% in 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 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.