Cinemark Holdings Lowered to Neutral at B. Riley (CNK)
Cinemark Holdings opened at 27.68 on Monday. Cinemark Holdings has a 1-year low of $20.99 and a 1-year high of $29.68. The stock’s 50-day moving average is currently $28.21. The company has a market cap of $3.138 billion and a price-to-earnings ratio of 18.83.
The company also recently declared a quarterly dividend, which is scheduled for Friday, March 15th. Investors of record on Monday, March 4th will be given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 3.03%. The ex-dividend date of this dividend is Thursday, February 28th.
CNK has been the subject of a number of other recent research reports. Analysts at B. Riley Caris downgraded shares of Cinemark Holdings from a buy rating to a neutral rating in a research note to investors on Monday. They now have a $31.00 price target on the stock, down previously from $33.00. Separately, analysts at Macquarie raised their price target on shares of Cinemark Holdings from $31.00 to $32.00 in a research note to investors on Thursday, February 21st. Finally, analysts at Lazard Capital Markets raised their price target on shares of Cinemark Holdings from $34.00 to $38.00 in a research note to investors on Thursday, February 21st. They now have a buy rating on the stock.
Ten analysts have rated the stock with a buy rating, and seven have issued a hold rating to the company’s stock. The company has an average rating of overweight and a consensus price target of $31.69.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.