Cinemark (NYSE:CNK) Downgraded to “Sell” at StockNews.com

StockNews.com cut shares of Cinemark (NYSE:CNKFree Report) from a hold rating to a sell rating in a research report released on Thursday morning.

A number of other analysts also recently issued reports on the stock. B. Riley raised their price objective on shares of Cinemark from $14.00 to $16.00 and gave the stock a neutral rating in a report on Friday, May 3rd. Roth Mkm upped their price objective on shares of Cinemark from $17.00 to $19.00 and gave the company a neutral rating in a research note on Wednesday, April 10th. Benchmark reaffirmed a buy rating and issued a $23.00 price objective on shares of Cinemark in a research note on Friday, May 3rd. Wedbush reaffirmed an outperform rating and issued a $23.00 price objective on shares of Cinemark in a research note on Thursday, April 25th. Finally, Barrington Research reissued an outperform rating and set a $24.00 price target on shares of Cinemark in a research report on Monday, May 6th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of Hold and a consensus price target of $20.33.

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Cinemark Stock Up 0.3 %

Cinemark stock opened at $17.00 on Thursday. Cinemark has a 1-year low of $13.19 and a 1-year high of $20.40. The firm has a market capitalization of $2.08 billion, a price-to-earnings ratio of 11.72, a price-to-earnings-growth ratio of 1.52 and a beta of 2.25. The firm’s fifty day moving average price is $17.90 and its two-hundred day moving average price is $16.09. The company has a current ratio of 1.48, a quick ratio of 1.45 and a debt-to-equity ratio of 7.42.

Cinemark (NYSE:CNKGet Free Report) last released its quarterly earnings results on Thursday, May 2nd. The company reported $0.19 earnings per share for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $561.91 million. During the same period last year, the firm earned ($0.03) earnings per share. The firm’s revenue was down 5.2% on a year-over-year basis. On average, equities research analysts predict that Cinemark will post 1.12 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the business. NBC Securities Inc. bought a new position in shares of Cinemark in the 3rd quarter worth about $74,000. DekaBank Deutsche Girozentrale bought a new position in shares of Cinemark in the 3rd quarter worth about $193,000. Algert Global LLC bought a new position in shares of Cinemark in the 3rd quarter worth about $222,000. Inspire Advisors LLC bought a new stake in Cinemark during the 1st quarter valued at about $240,000. Finally, Virtu Financial LLC bought a new stake in Cinemark during the 4th quarter valued at about $192,000.

Cinemark Company Profile

(Get Free Report)

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.

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Analyst Recommendations for Cinemark (NYSE:CNK)

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