Weekly Research Analysts’ Ratings Changes for Cinemark (CNK)

Cinemark (NYSE: CNK) has recently received a number of price target changes and ratings updates:

  • 3/12/2018 – Cinemark was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “CINEMARK HOLDINGS Is a leader in the motion picture exhibition industry.Cinemark operates 408 theatres and 4,657 screens in 38 states in the United States and internationally in 12 countries, mainly in Mexico, South and Central America. “
  • 3/7/2018 – Cinemark was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating.
  • 3/2/2018 – Cinemark had its “buy” rating reaffirmed by analysts at Barrington Research. They now have a $49.00 price target on the stock.
  • 2/26/2018 – Cinemark had its price target raised by analysts at Royal Bank of Canada to $46.00. They now have an “outperform” rating on the stock.
  • 2/23/2018 – Cinemark was given a new $47.00 price target on by analysts at Piper Jaffray Companies. They now have a “buy” rating on the stock.
  • 2/20/2018 – Cinemark had its “outperform” rating reaffirmed by analysts at Wedbush. They now have a $38.00 price target on the stock, down previously from $40.00.
  • 2/20/2018 – Cinemark was given a new $40.00 price target on by analysts at Wedbush. They now have an “outperform” rating on the stock.
  • 2/1/2018 – Cinemark was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $41.00 price target on the stock. According to Zacks, “CINEMARK HOLDINGS Is a leader in the motion picture exhibition industry.Cinemark operates 408 theatres and 4,657 screens in 38 states in the United States and internationally in 12 countries, mainly in Mexico, South and Central America. “
  • 1/31/2018 – Cinemark had its price target raised by analysts at Morgan Stanley from $38.00 to $40.00. They now have an “equal weight” rating on the stock.
  • 1/24/2018 – Cinemark had its price target lowered by analysts at MKM Partners to $44.00. They now have a “buy” rating on the stock.
  • 1/22/2018 – Cinemark had its “buy” rating reaffirmed by analysts at B. Riley. They now have a $42.50 price target on the stock, down previously from $47.00.

Shares of Cinemark Holdings, Inc. (NYSE CNK) opened at $39.52 on Friday. Cinemark Holdings, Inc. has a one year low of $32.03 and a one year high of $44.84. The company has a quick ratio of 1.37, a current ratio of 1.40 and a debt-to-equity ratio of 1.45. The company has a market capitalization of $4,715.93, a PE ratio of 17.41, a PEG ratio of 1.14 and a beta of 0.94.

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Cinemark (NYSE:CNK) last issued its earnings results on Friday, February 23rd. The company reported $0.82 EPS for the quarter, topping analysts’ consensus estimates of $0.47 by $0.35. The firm had revenue of $750.00 million for the quarter, compared to the consensus estimate of $745.92 million. Cinemark had a return on equity of 19.48% and a net margin of 8.83%. The company’s revenue was up 7.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.66 earnings per share. research analysts expect that Cinemark Holdings, Inc. will post 2.37 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 22nd. Investors of record on Thursday, March 8th will be issued a $0.32 dividend. This is a boost from Cinemark’s previous quarterly dividend of $0.29. The ex-dividend date of this dividend is Wednesday, March 7th. This represents a $1.28 dividend on an annualized basis and a yield of 3.24%. Cinemark’s dividend payout ratio is presently 56.39%.

In related news, EVP Tom Owens sold 9,213 shares of the company’s stock in a transaction dated Wednesday, December 20th. The stock was sold at an average price of $36.00, for a total value of $331,668.00. Following the completion of the transaction, the executive vice president now owns 42,722 shares of the company’s stock, valued at approximately $1,537,992. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Valmir Fernandes sold 6,000 shares of the company’s stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of $43.59, for a total value of $261,540.00. Following the completion of the transaction, the insider now directly owns 103,582 shares of the company’s stock, valued at approximately $4,515,139.38. The disclosure for this sale can be found here. Corporate insiders own 9.20% of the company’s stock.

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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