Cinemark Holdings, Inc. (NYSE:CNK) Given Average Recommendation of “Hold” by Analysts

Shares of Cinemark Holdings, Inc. (NYSE:CNKGet Free Report) have earned a consensus recommendation of “Hold” from the ten ratings firms that are covering the company, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the company. The average 12-month target price among brokerages that have covered the stock in the last year is $17.60.

A number of brokerages have recently issued reports on CNK. The Goldman Sachs Group cut their target price on shares of Cinemark from $16.00 to $12.00 and set a “sell” rating on the stock in a research note on Thursday, January 11th. JPMorgan Chase & Co. dropped their price target on shares of Cinemark from $18.00 to $16.00 and set a “neutral” rating on the stock in a research note on Tuesday, February 6th. Wedbush reiterated an “outperform” rating and issued a $22.00 price objective (up from $20.00) on shares of Cinemark in a report on Monday, October 30th. B. Riley cut shares of Cinemark from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $23.00 to $15.00 in a report on Tuesday, January 2nd. Finally, Roth Mkm decreased their price objective on shares of Cinemark from $20.00 to $16.00 and set a “neutral” rating for the company in a report on Tuesday, December 5th.

Read Our Latest Analysis on Cinemark

Institutional Investors Weigh In On Cinemark

Several hedge funds have recently made changes to their positions in CNK. Raymond James Financial Services Advisors Inc. lifted its position in shares of Cinemark by 61.1% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 50,486 shares of the company’s stock valued at $872,000 after acquiring an additional 19,144 shares in the last quarter. Bank of New York Mellon Corp lifted its position in shares of Cinemark by 1.0% in the 1st quarter. Bank of New York Mellon Corp now owns 1,133,373 shares of the company’s stock valued at $19,584,000 after acquiring an additional 11,733 shares in the last quarter. Natixis Advisors L.P. purchased a new stake in shares of Cinemark in the 1st quarter valued at approximately $247,000. Bank of Montreal Can lifted its position in shares of Cinemark by 63.4% in the 1st quarter. Bank of Montreal Can now owns 52,765 shares of the company’s stock valued at $923,000 after acquiring an additional 20,477 shares in the last quarter. Finally, MetLife Investment Management LLC lifted its position in Cinemark by 55.6% in the 1st quarter. MetLife Investment Management LLC now owns 58,176 shares of the company’s stock worth $1,005,000 after buying an additional 20,792 shares in the last quarter.

Cinemark Stock Performance

NYSE:CNK opened at $15.27 on Thursday. The stock has a market cap of $1.86 billion, a P/E ratio of 27.27, a PEG ratio of 2.02 and a beta of 2.22. The firm has a 50-day moving average of $14.22 and a two-hundred day moving average of $15.71. The company has a debt-to-equity ratio of 7.36, a current ratio of 1.55 and a quick ratio of 1.51. Cinemark has a 1-year low of $11.42 and a 1-year high of $19.85.

About Cinemark

(Get Free Report

Cinemark Holdings, Inc, together with its subsidiaries, engages in the motion picture exhibition business. As of February 24, 20223 it operated 518 theatres with 5,847 screens in the United States, and South and Central America. The company was founded in 1984 and is headquartered in Plano, Texas.

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Analyst Recommendations for Cinemark (NYSE:CNK)

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