B. Riley Upgrades Cinemark (NYSE:CNK) to “Buy”

Cinemark (NYSE:CNK) was upgraded by equities researchers at B. Riley from a “neutral” rating to a “buy” rating in a note issued to investors on Monday, MarketBeat.com reports. The brokerage presently has a $27.00 price objective on the stock, up from their previous price objective of $16.00. B. Riley’s target price points to a potential upside of 24.62% from the company’s previous close. B. Riley also issued estimates for Cinemark’s Q4 2025 earnings at $0.58 EPS.

Other equities analysts have also issued reports about the stock. StockNews.com lowered shares of Cinemark from a “hold” rating to a “sell” rating in a report on Thursday, May 30th. Roth Capital raised shares of Cinemark from a “hold” rating to a “strong-buy” rating in a report on Monday, June 24th. JPMorgan Chase & Co. boosted their price target on shares of Cinemark from $17.00 to $19.00 and gave the stock a “neutral” rating in a report on Monday, April 8th. Wedbush reissued an “outperform” rating and issued a $25.00 price target on shares of Cinemark in a report on Thursday, June 27th. Finally, Wells Fargo & Company raised shares of Cinemark from an “underweight” rating to an “overweight” rating and boosted their price target for the stock from $13.00 to $23.00 in a report on Friday, April 5th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Cinemark has a consensus rating of “Moderate Buy” and an average price target of $22.70.

Cinemark Price Performance

NYSE:CNK opened at $21.67 on Monday. The company has a debt-to-equity ratio of 7.42, a current ratio of 1.48 and a quick ratio of 1.45. The firm has a market cap of $2.65 billion, a price-to-earnings ratio of 14.94, a price-to-earnings-growth ratio of 2.03 and a beta of 2.36. The company has a 50 day moving average price of $18.53 and a 200-day moving average price of $17.02. Cinemark has a 1-year low of $13.19 and a 1-year high of $22.19.

Cinemark (NYSE:CNK) last posted its earnings results on Thursday, May 2nd. The company reported $0.19 earnings per share for the quarter, beating the consensus estimate of ($0.21) by $0.40. The firm had revenue of $579.00 million during the quarter, compared to analyst estimates of $561.91 million. Cinemark had a net margin of 7.12% and a return on equity of 69.48%. The business’s quarterly revenue was down 5.2% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.03) EPS. Equities research analysts forecast that Cinemark will post 1.07 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. NBC Securities Inc. boosted its position in shares of 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 acquiring an additional 700 shares during the last quarter. Virtu Financial LLC acquired a new position in shares of Cinemark during the 4th quarter valued at about $192,000. Mackenzie Financial Corp acquired a new position in shares of Cinemark during the 4th quarter valued at about $210,000. Watershed Asset Management L.L.C. boosted its position in shares of Cinemark by 6.2% during the 4th quarter. Watershed Asset Management L.L.C. now owns 15,658 shares of the company’s stock valued at $221,000 after acquiring an additional 915 shares during the last quarter. Finally, Inspire Advisors LLC acquired a new position in shares of Cinemark during the 1st quarter valued at about $240,000.

About Cinemark

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.