B. Riley reiterated their buy rating on shares of Cinemark (NYSE:CNK) in a research report report published on Tuesday. B. Riley currently has a $47.00 price objective on the stock.
Several other research analysts also recently commented on the stock. Royal Bank Of Canada set a $43.00 price target on shares of Cinemark and gave the stock a hold rating in a research note on Sunday, September 10th. Zacks Investment Research raised shares of Cinemark from a sell rating to a hold rating in a research note on Monday, September 11th. Morgan Stanley raised shares of Cinemark from an underweight rating to an equal weight rating and set a $38.00 price target on the stock in a research note on Thursday, October 5th. MKM Partners reissued a buy rating and set a $46.00 price target on shares of Cinemark in a research note on Monday, September 18th. Finally, Wedbush set a $42.00 price target on shares of Cinemark and gave the stock a buy rating in a research note on Monday, October 30th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have assigned a buy rating to the company. The stock presently has an average rating of Hold and a consensus target price of $42.31.
Shares of Cinemark (NYSE CNK) traded up $0.55 on Tuesday, reaching $36.04. 1,022,956 shares of the company were exchanged, compared to its average volume of 1,245,811. The stock has a market capitalization of $4,133.41, a P/E ratio of 16.98, a P/E/G ratio of 1.20 and a beta of 1.18. The company has a debt-to-equity ratio of 1.50, a current ratio of 1.50 and a quick ratio of 1.46. Cinemark has a 1-year low of $32.03 and a 1-year high of $44.84.
Cinemark (NYSE:CNK) last announced its earnings results on Friday, November 3rd. The company reported $0.33 earnings per share for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.02). The company had revenue of $710.70 million during the quarter, compared to analysts’ expectations of $702.60 million. Cinemark had a net margin of 8.36% and a return on equity of 18.43%. The company’s revenue for the quarter was down 7.5% compared to the same quarter last year. During the same period in the prior year, the business earned $0.56 earnings per share. research analysts anticipate that Cinemark will post 1.97 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, December 1st will be issued a $0.29 dividend. This represents a $1.16 annualized dividend and a dividend yield of 3.22%. The ex-dividend date of this dividend is Thursday, November 30th. Cinemark’s dividend payout ratio is 54.98%.
Institutional investors have recently modified their holdings of the company. Cable Hill Partners LLC grew its holdings in shares of Cinemark by 3,300.0% in the third quarter. Cable Hill Partners LLC now owns 2,958 shares of the company’s stock worth $107,000 after purchasing an additional 2,871 shares during the last quarter. Ffcm LLC bought a new position in shares of Cinemark in the third quarter worth approximately $125,000. Zions Bancorporation bought a new position in shares of Cinemark in the third quarter worth approximately $125,000. Advisor Group Inc. grew its holdings in shares of Cinemark by 2.3% in the second quarter. Advisor Group Inc. now owns 3,767 shares of the company’s stock worth $145,000 after purchasing an additional 84 shares during the last quarter. Finally, Quantbot Technologies LP bought a new position in shares of Cinemark in the second quarter worth approximately $146,000. Hedge funds and other institutional investors own 94.63% of the company’s stock.
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Cinemark Company Profile
Cinemark Holdings, Inc is engaged in the motion picture exhibition business with theatres in the United States (U.S.), Brazil, Argentina, Chile, Colombia, Peru, Ecuador, Honduras, El Salvador, Nicaragua, Costa Rica, Panama, Guatemala, Paraguay, Curacao and Bolivia. The Company manages its business in two segments: U.S.
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