Cinemark Holdings, Inc. (NYSE:CNK – Get Free Report) was the recipient of unusually large options trading on Monday. Investors purchased 5,313 call options on the stock. This is an increase of 203% compared to the typical volume of 1,755 call options.
Analysts Set New Price Targets
A number of equities research analysts have recently weighed in on CNK shares. StockNews.com started coverage on Cinemark in a research note on Thursday, August 17th. They set a “hold” rating for the company. Wedbush reaffirmed an “outperform” rating and set a $20.00 price target on shares of Cinemark in a research note on Monday, August 7th. Barrington Research reaffirmed an “outperform” rating and set a $22.00 price target (up from $20.00) on shares of Cinemark in a research note on Monday, August 7th. B. Riley raised their price target on Cinemark from $23.00 to $24.00 in a research note on Monday, August 7th. Finally, JPMorgan Chase & Co. downgraded Cinemark from an “overweight” rating to a “neutral” rating and cut their price target for the stock from $21.00 to $18.00 in a research note on Wednesday, July 19th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $18.94.
Get Our Latest Stock Analysis on CNK
Institutional Trading of Cinemark
Cinemark Stock Performance
Shares of NYSE CNK opened at $18.11 on Tuesday. The company has a debt-to-equity ratio of 9.70, a quick ratio of 1.27 and a current ratio of 1.31. The firm has a market cap of $2.20 billion, a price-to-earnings ratio of -72.44, a P/E/G ratio of 1.48 and a beta of 2.26. The business’s 50-day simple moving average is $16.81 and its 200-day simple moving average is $16.25. Cinemark has a 52 week low of $8.28 and a 52 week high of $18.85.
Cinemark (NYSE:CNK – Get Free Report) last released its earnings results on Friday, August 4th. The company reported $0.80 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.54 by $0.26. The firm had revenue of $942.30 million for the quarter, compared to analyst estimates of $870.21 million. Cinemark had a negative return on equity of 4.43% and a negative net margin of 0.28%. The company’s revenue was up 26.6% on a year-over-year basis. During the same quarter last year, the firm posted $0.17 EPS. As a group, equities research analysts expect that Cinemark will post 1.19 earnings per share for the current fiscal year.
About Cinemark
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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