Brokerages Set Cinemark Holdings Inc (NYSE:CNK) Price Target at $34.58

Cinemark Holdings Inc (NYSE:CNK) has earned an average rating of “Moderate Buy” from the fifteen analysts that are covering the stock, Marketbeat reports. Six equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $38.00.

Several analysts have weighed in on the stock. Barrington Research set a $42.00 target price on shares of Cinemark in a research note on Thursday. Zacks Research lowered Cinemark from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, June 2nd. Benchmark raised their price objective on shares of Cinemark from $37.00 to $40.00 and gave the company a “buy” rating in a research note on Friday. Wedbush increased their price target on Cinemark from $40.00 to $43.00 and gave the company an “outperform” rating in a research note on Friday. Finally, Weiss Ratings upgraded Cinemark from a “hold (c)” rating to a “hold (c+)” rating in a research report on Friday.

Key Cinemark News

Here are the key news stories impacting Cinemark this week:

• Positive Sentiment: JPMorgan raised its price target from $35 to $40 and upgraded Cinemark to “overweight,” implying approximately 9% upside from the reference price. The upgrade provides additional support for the stock’s recent strength. Benzinga
• Positive Sentiment: Cinemark reported second-quarter EPS of $1.19, well above Wall Street expectations of roughly $1.02-$1.03 and up from $0.63 a year earlier. Revenue reached $1.09 billion, exceeding the $1.03 billion consensus estimate and increasing 15.5% year over year. Cinemark Second Quarter Earnings Results
• Positive Sentiment: The quarter was a company record, with more than 60 million moviegoers and the first time quarterly worldwide revenue surpassed $1 billion. Management attributed the performance to best-ever box-office results, premium offerings and stronger attendance. Cinemark Record-Breaking Second Quarter
• Positive Sentiment: Cinemark reportedly gained market share during a strong box-office year, reinforcing the view that the broader theatrical exhibition recovery is translating into improved operating performance. Cinemark Market Share and Box Office Recovery
• Negative Sentiment: Despite the earnings momentum, Cinemark remains highly leveraged, with a debt-to-equity ratio above 5, while its valuation has risen to roughly 32 times earnings. These factors could limit upside or increase sensitivity to any slowdown in attendance.

Institutional Trading of Cinemark

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Orbis Allan Gray Ltd boosted its stake in shares of Cinemark by 31.0% during the 4th quarter. Orbis Allan Gray Ltd now owns 15,057,911 shares of the company’s stock worth $349,946,000 after acquiring an additional 3,563,810 shares in the last quarter. Wellington Management Group LLP lifted its position in shares of Cinemark by 8.4% in the fourth quarter. Wellington Management Group LLP now owns 9,536,900 shares of the company’s stock worth $221,638,000 after purchasing an additional 742,307 shares in the last quarter. Lavaca Capital LLC acquired a new position in shares of Cinemark in the fourth quarter worth $133,045,000. State Street Corp increased its position in Cinemark by 1.5% in the 4th quarter. State Street Corp now owns 3,950,606 shares of the company’s stock worth $91,812,000 after purchasing an additional 60,176 shares during the last quarter. Finally, Alyeska Investment Group L.P. acquired a new position in Cinemark in the fourth quarter worth approximately $55,296,000.

Cinemark Price Performance

CNK stock opened at $36.69 on Monday. The company has a market capitalization of $4.25 billion, a PE ratio of 21.71 and a beta of 1.00. The stock’s 50 day moving average is $31.58 and its two-hundred day moving average is $28.55. 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 has a 52-week low of $21.60 and a 52-week high of $37.50.

Cinemark (NYSE:CNK) last announced its quarterly earnings data on Thursday, July 30th. The company reported $1.19 earnings per share for the quarter, topping the consensus estimate of $1.03 by $0.16. The company had revenue of $1.09 billion during the quarter, compared to analyst estimates of $1.03 billion. Cinemark had a net margin of 6.44% and a return on equity of 50.94%. The firm’s revenue for the quarter was up 15.5% compared to the same quarter last year. During the same period last year, the business earned $0.63 EPS. Analysts predict that Cinemark will post 2.16 earnings per share for the current fiscal year.

Cinemark Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, June 11th. Investors of record on Thursday, May 28th were issued a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date of this dividend was Thursday, May 28th. Cinemark’s payout ratio is presently 21.30%.

Cinemark Company Profile

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.