Cinemark (NYSE:CNK) Price Target Cut to $36.00

Cinemark (NYSE:CNK) had its target price cut by analysts at MKM Partners from $42.00 to $36.00 in a note issued to investors on Wednesday, The Fly reports. The firm presently has a “buy” rating on the stock. MKM Partners’ target price indicates a potential upside of 16.05% from the company’s previous close.

Several other analysts also recently weighed in on CNK. Wedbush cut their price objective on shares of Cinemark from $45.00 to $40.00 and set an “outperform” rating on the stock in a research report on Monday, February 3rd. B. Riley downgraded shares of Cinemark from a “buy” rating to a “neutral” rating and cut their price objective for the company from $46.50 to $37.00 in a research report on Friday, November 22nd. Barrington Research reiterated a “buy” rating and issued a $49.00 price objective on shares of Cinemark in a research report on Tuesday, November 5th. Zacks Investment Research upgraded shares of Cinemark from a “sell” rating to a “hold” rating in a research report on Tuesday, December 17th. Finally, Imperial Capital cut their price objective on shares of Cinemark from $48.00 to $45.00 and set an “outperform” rating on the stock in a research report on Friday, January 10th. Four analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Cinemark has a consensus rating of “Buy” and an average target price of $41.55.

Cinemark stock opened at $31.02 on Wednesday. The firm’s 50-day moving average is $32.38 and its 200-day moving average is $35.67. The company has a debt-to-equity ratio of 2.09, a quick ratio of 0.90 and a current ratio of 0.93. Cinemark has a 1 year low of $30.59 and a 1 year high of $43.51. The company has a market cap of $3.70 billion, a P/E ratio of 19.63, a PEG ratio of 1.02 and a beta of 0.68.

A number of large investors have recently modified their holdings of CNK. Nicholas Company Inc. increased its stake in Cinemark by 32.3% during the 4th quarter. Nicholas Company Inc. now owns 151,860 shares of the company’s stock valued at $5,140,000 after buying an additional 37,070 shares during the period. Meeder Asset Management Inc. increased its stake in Cinemark by 257.7% during the 4th quarter. Meeder Asset Management Inc. now owns 9,228 shares of the company’s stock valued at $311,000 after buying an additional 6,648 shares during the period. PEAK6 Investments LLC acquired a new position in Cinemark during the 4th quarter valued at about $464,000. Amalgamated Bank increased its stake in Cinemark by 12.3% during the 4th quarter. Amalgamated Bank now owns 24,788 shares of the company’s stock valued at $839,000 after buying an additional 2,717 shares during the period. Finally, Jefferies Group LLC acquired a new position in Cinemark during the 4th quarter valued at about $3,741,000. Hedge funds and other institutional investors own 99.89% of the company’s stock.

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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Analyst Recommendations for Cinemark (NYSE:CNK)

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