Cinemark Holdings Inc (NYSE:CNK) Given Average Recommendation of “Moderate Buy” by Analysts

Cinemark Holdings Inc (NYSE:CNK) has received a consensus recommendation of “Moderate Buy” from the fifteen ratings firms that are presently covering the firm, MarketBeat reports. Six analysts have rated the stock with a hold recommendation, eight have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $37.9286.

A number of equities research analysts recently commented on the stock. Benchmark raised their price objective on shares of Cinemark from $37.00 to $40.00 and gave the stock a “buy” rating in a report on Friday, July 31st. Wells Fargo & Company raised their target price on shares of Cinemark from $31.00 to $34.00 and gave the company an “equal weight” rating in a research report on Friday, July 31st. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $40.00 target price on shares of Cinemark in a report on Friday, July 31st. Morgan Stanley set a $40.00 price objective on Cinemark in a report on Wednesday, July 29th. Finally, Wall Street Zen upgraded shares of Cinemark from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 15th.

Cinemark Trading Down 0.8%

Shares of NYSE CNK opened at $37.01 on Friday. The company’s fifty day moving average is $33.65 and its 200-day moving average is $29.88. The stock has a market cap of $4.29 billion, a price-to-earnings ratio of 21.90 and a beta of 1.00. Cinemark has a twelve month low of $21.60 and a twelve month high of $38.98. The company has a quick ratio of 0.81, a current ratio of 0.84 and a debt-to-equity ratio of 3.87.

Cinemark (NYSE:CNK) last announced its quarterly earnings results on Thursday, July 30th. The company reported $1.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.03 by $0.16. Cinemark had a return on equity of 50.94% and a net margin of 6.44%.The company had revenue of $1.09 billion during the quarter, compared to the consensus estimate of $1.03 billion. During the same period in the prior year, the company earned $0.63 earnings per share. The company’s revenue for the quarter was up 15.5% compared to the same quarter last year. Equities research analysts predict that Cinemark will post 2.36 EPS for the current year.

Cinemark Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 9th. Shareholders of record on Wednesday, August 26th will be paid a $0.09 dividend. The ex-dividend date is Wednesday, August 26th. This represents a $0.36 annualized dividend and a yield of 1.0%. Cinemark’s dividend payout ratio is currently 21.30%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. EverSource Wealth Advisors LLC boosted its holdings in shares of Cinemark by 118.5% during the second quarter. EverSource Wealth Advisors LLC now owns 935 shares of the company’s stock worth $28,000 after acquiring an additional 507 shares during the period. Public Employees Retirement System of Ohio bought a new stake in Cinemark during the second quarter worth about $32,000. Leonteq Securities AG bought a new stake in shares of Cinemark during the 4th quarter worth approximately $83,000. Kestra Advisory Services LLC bought a new position in Cinemark in the fourth quarter valued at approximately $102,000. Finally, Bayforest Capital Ltd acquired a new position in Cinemark during the fourth quarter valued at approximately $121,000.

About Cinemark

Cinemark Holdings, Inc (NYSE: CNK) is a leading theatrical exhibitor that acquires, develops and operates motion picture theatres under the Cinemark® brand in the United States and Latin America. The company’s core business involves the presentation of first-run feature films coupled with an array of in‐theatre services, including concessions, premium auditoriums and loyalty programs. Cinemark’s exhibition portfolio encompasses both corporate‐owned and franchised complexes, offering moviegoers a range of experiences from standard screens to large‐format halls.

The company’s product offerings extend beyond ticket sales to include an assortment of concession items, such as popcorn, fountain beverages, candy and specialty snacks, as well as bar and lounge concepts in select locations.