Cinemark gets average “Buy” rating by brokerages

Cinemark Holdings, Inc. (NYSE:CNK) has earned an average rating of “Buy” from the fifteen ratings firms that are currently covering the company, MarketBeat.com reports.

Five analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating on the company.

The average 1 year target price among analysts that have covered the stock in the last year is $17.58.

Several research analysts have weighed in on CNK shares. Imperial Capital lowered their price objective on shares of Cinemark from $24.00 to $23.00 and set an “outperform” rating on the stock in a report on Friday, June 19th. Goldman Sachs Group assumed coverage on shares of Cinemark in a report on Wednesday, July 15th. They set a “neutral” rating and a $12.00 price objective on the stock. B. Riley reiterated a “hold” rating and issued a $16.00 target price on shares of Cinemark in a report on Friday, June 26th.

ValuEngine upgraded shares of Cinemark from a “buy” rating to a “strong-buy” rating in a report on Friday, July 3rd. Finally, Credit Suisse Group downgraded shares of Cinemark from an “outperform” rating to a “neutral” rating and lowered their target price for the company from $20.00 to $13.00 in a report on Monday, June 29th.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its holdings in Cinemark by 33.4% during the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 25,080 shares of the company’s stock worth $256,000 after buying an additional 6,277 shares during the last quarter. Texas Permanent School Fund increased its holdings in Cinemark by 24.4% during the first quarter. Texas Permanent School Fund now owns 90,679 shares of the company’s stock worth $924,000 after buying an additional 17,760 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Cinemark by 32.4% during the first quarter.

Zurcher Kantonalbank Zurich Cantonalbank now owns 9,308 shares of the company’s stock worth $95,000 after buying an additional 2,279 shares during the last quarter. BNP Paribas Arbitrage SA increased its holdings in Cinemark by 1,903.8% during the first quarter.

BNP Paribas Arbitrage SA now owns 397,348 shares of the company’s stock worth $4,049,000 after buying an additional 377,518 shares during the last quarter. Finally, Toronto Dominion Bank increased its holdings in Cinemark by 26.2% during the first quarter.

Toronto Dominion Bank now owns 4,968 shares of the company’s stock worth $51,000 after buying an additional 1,030 shares during the last quarter. Institutional investors and hedge funds own 98.67% of the company’s stock.
CNK opened at $15.26 on Friday. The company has a current ratio of 1.25, a quick ratio of 1.22 and a debt-to-equity ratio of 3.11.

The company’s fifty day moving average price is $12.36 and its two-hundred day moving average price is $15.32. Cinemark has a 1-year low of $5.71 and a 1-year high of $39.81. The company has a market cap of $1.67 billion, a price-to-earnings ratio of -10.38 and a beta of 1.73.

Cinemark (NYSE:CNK) last released its quarterly earnings data on Tuesday, August 4th. The company reported ($1.45) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($1.46) by $0.01. Cinemark had a negative net margin of 7.96% and a negative return on equity of 9.76%.

The firm had revenue of $8.97 million for the quarter, compared to the consensus estimate of $7.24 million. During the same quarter in the prior year, the company posted $0.86 earnings per share.

The business’s revenue was down 99.1% on a year-over-year basis. As a group, equities analysts forecast that Cinemark will post -3.78 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 December 31, 2018, it operated 341 theatres and 4,586 screens in 41 states of the United States; and 205 theatres and 1,462 screens in Brazil, Argentina, Chile, Colombia, Peru, Ecuador, Honduras, El Salvador, Nicaragua, Costa Rica, Panama, Guatemala, Bolivia, Curacao, and Paraguay.

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