Cinemark (NYSE:CNK) has been given a $43.00 price objective by equities researchers at Goldman Sachs Group in a research report issued to clients and investors on Tuesday, October 15th, TipRanks reports. The brokerage presently has a “buy” rating on the stock. Goldman Sachs Group’s target price indicates a potential upside of 18.42% from the company’s previous close.
A number of other equities analysts have also weighed in on CNK. Morgan Stanley dropped their price objective on Cinemark from $41.00 to $37.00 and set an “equal weight” rating for the company in a research note on Tuesday, July 23rd. Credit Suisse Group began coverage on Cinemark in a research note on Friday, July 19th. They issued an “outperform” rating and a $43.00 price objective for the company. Wedbush reiterated a “buy” rating and issued a $49.00 price target on shares of Cinemark in a report on Friday, August 2nd. MKM Partners reduced their price objective on Cinemark from $45.00 to $43.00 and set a “buy” rating on the stock in a report on Tuesday, September 10th. Finally, ValuEngine upgraded Cinemark from a “hold” rating to a “buy” rating in a report on Thursday, August 1st. Three investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $43.60.
Shares of NYSE CNK traded up $0.33 during midday trading on Tuesday, reaching $36.31. The company’s stock had a trading volume of 960,204 shares, compared to its average volume of 1,108,788. Cinemark has a fifty-two week low of $34.49 and a fifty-two week high of $43.51. The stock has a market capitalization of $4.30 billion, a price-to-earnings ratio of 19.84, a PEG ratio of 1.06 and a beta of 0.68. The stock has a 50 day simple moving average of $37.09 and a 200-day simple moving average of $38.24. The company has a current ratio of 0.95, a quick ratio of 0.92 and a debt-to-equity ratio of 1.19.
Cinemark (NYSE:CNK) last posted its earnings results on Tuesday, November 5th. The company reported $0.27 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.50 by ($0.23). The business had revenue of $821.82 million for the quarter, compared to analysts’ expectations of $807.69 million. Cinemark had a net margin of 5.60% and a return on equity of 14.25%. Cinemark’s quarterly revenue was up 9.0% on a year-over-year basis. During the same period last year, the firm posted $0.43 earnings per share. As a group, equities analysts anticipate that Cinemark will post 2.27 EPS for the current year.
Several institutional investors have recently bought and sold shares of the company. National Asset Management Inc. increased its holdings in Cinemark by 20.7% in the second quarter. National Asset Management Inc. now owns 12,421 shares of the company’s stock valued at $450,000 after buying an additional 2,130 shares during the last quarter. Advisory Services Network LLC lifted its position in Cinemark by 6.9% in the second quarter. Advisory Services Network LLC now owns 5,486 shares of the company’s stock valued at $198,000 after purchasing an additional 352 shares during the period. SG Americas Securities LLC lifted its position in Cinemark by 45.3% in the second quarter. SG Americas Securities LLC now owns 8,680 shares of the company’s stock valued at $313,000 after purchasing an additional 2,707 shares during the period. BBT Capital Management LLC acquired a new stake in Cinemark in the second quarter valued at about $322,000. Finally, Mesirow Financial Investment Management Equity Management acquired a new stake in Cinemark in the second quarter valued at about $49,000. 99.60% of the stock is currently owned by institutional investors and hedge funds.
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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