Cinemark (NYSE:CNK) had its price objective hoisted by investment analysts at Morgan Stanley from $39.00 to $41.00 in a research report issued on Thursday. The firm currently has an “equal weight” rating on the stock. Morgan Stanley’s price target would indicate a potential downside of 2.54% from the stock’s previous close.

A number of other equities analysts also recently commented on CNK. Zacks Investment Research upgraded shares of Cinemark from a “sell” rating to a “hold” rating in a report on Wednesday, October 10th. ValuEngine upgraded shares of Cinemark from a “hold” rating to a “buy” rating in a report on Tuesday, October 9th. Wedbush reiterated a “buy” rating and issued a $43.00 target price on shares of Cinemark in a report on Tuesday, July 3rd. Barrington Research reiterated a “buy” rating and issued a $47.00 target price on shares of Cinemark in a report on Monday, August 13th. Finally, B. Riley restated a “buy” rating on shares of Cinemark in a research note on Monday, August 6th. Three analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Cinemark has a consensus rating of “Buy” and a consensus price target of $42.95.

Cinemark stock traded up $0.52 during trading hours on Thursday, reaching $42.07. The stock had a trading volume of 10,487 shares, compared to its average volume of 1,202,345. The company has a market capitalization of $4.70 billion, a PE ratio of 18.57, a P/E/G ratio of 1.35 and a beta of 0.95. The company has a debt-to-equity ratio of 1.38, a quick ratio of 1.39 and a current ratio of 1.43. Cinemark has a 52 week low of $32.60 and a 52 week high of $44.00.

Cinemark (NYSE:CNK) last announced its earnings results on Wednesday, August 8th. The company reported $0.70 EPS for the quarter, missing the Zacks’ consensus estimate of $0.75 by ($0.05). The firm had revenue of $889.05 million during the quarter, compared to the consensus estimate of $897.68 million. Cinemark had a return on equity of 19.49% and a net margin of 8.86%. The business’s revenue for the quarter was up 18.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.44 earnings per share. On average, equities analysts predict that Cinemark will post 1.99 earnings per share for the current fiscal year.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Atria Investments LLC boosted its position in Cinemark by 12.4% in the third quarter. Atria Investments LLC now owns 12,889 shares of the company’s stock valued at $518,000 after buying an additional 1,423 shares during the last quarter. Bruderman Asset Management LLC boosted its position in Cinemark by 76.6% in the second quarter. Bruderman Asset Management LLC now owns 4,000 shares of the company’s stock valued at $140,000 after buying an additional 1,735 shares during the last quarter. Blair William & Co. IL boosted its position in Cinemark by 6.4% in the first quarter. Blair William & Co. IL now owns 31,906 shares of the company’s stock valued at $1,202,000 after buying an additional 1,929 shares during the last quarter. Xact Kapitalforvaltning AB boosted its position in Cinemark by 14.0% in the second quarter. Xact Kapitalforvaltning AB now owns 16,332 shares of the company’s stock valued at $573,000 after buying an additional 2,000 shares during the last quarter. Finally, Alpine Woods Capital Investors LLC boosted its position in Cinemark by 5.9% in the second quarter. Alpine Woods Capital Investors LLC now owns 36,000 shares of the company’s stock valued at $1,263,000 after buying an additional 2,000 shares during the last quarter. Hedge funds and other institutional investors own 99.60% of the company’s stock.

About Cinemark

Cinemark Holdings, Inc, together with its subsidiaries, engages in the motion picture exhibition business. It operates theatres in the United States, Brazil, Argentina, Chile, Colombia, Peru, Ecuador, Honduras, El Salvador, Nicaragua, Costa Rica, Panama, Guatemala, Bolivia, Curacao, and Paraguay. As of June 30, 2018, the company operated 539 theatres and 5,998 screens.

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Analyst Recommendations for Cinemark (NYSE:CNK)

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