Morgan Stanley slashes price target on Cinemark Holdings Inc. [CNK] – find out why.

Cinemark Holdings Inc. [NYSE: CNK] slipped around -0.24 points on Tuesday, while shares priced at $14.56 at the close of the session, down -1.62%. The company report on August 30, 2022 that Cinemark to Participate in September Investor Conferences.


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Cinemark Holdings, Inc. (NYSE: CNK), one of the largest motion picture exhibitors in the world, today announced participation in the following institutional investor conferences:.

Thursday, September 8: Benchmark 9th Annual Consumer/Media/Entertainment Conference in New York City, NY.

Cinemark Holdings Inc. stock is now -9.68% down from its year-to-date (YTD) trading value. CNK Stock saw the intraday high of $15.01 and lowest of $14.51 per share. The company’s 52-week high price is 23.15, which means current price is +8.90% above from all time high which was touched on 07/22/22.

Compared to the average trading volume of 2.30M shares, CNK reached a trading volume of 3851670 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus say about Cinemark Holdings Inc. [CNK]?

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for CNK shares is $20.95 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on CNK stock is a recommendation set at 2.30. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Morgan Stanley have made an estimate for Cinemark Holdings Inc. shares, keeping their opinion on the stock as Overweight, with their previous recommendation back on July 19, 2022. While these analysts kept the previous recommendation, Credit Suisse raised their target price from $16 to $25. The new note on the price target was released on November 09, 2021, representing the official price target for Cinemark Holdings Inc. stock. Previously, the target price had yet another raise to $22, while Wells Fargo analysts kept a Equal Weight rating on CNK stock. On June 02, 2021, analysts decreased their price target for CNK shares from 21 to 19.

The Average True Range (ATR) for Cinemark Holdings Inc. is set at 0.70, with the Price to Sales ratio for CNK stock in the period of the last 12 months amounting to 0.79. The Price to Book ratio for the last quarter was 8.27, with the Price to Cash per share for the same quarter was set at 5.57. Price to Free Cash Flow for CNK in the course of the last twelve months was 13.94 with Quick ratio for the last quarter at 1.20.

How has CNK stock performed recently?

Cinemark Holdings Inc. [CNK] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -4.77. With this latest performance, CNK shares dropped by -20.61% in over the last four-week period, additionally sinking by -15.25% over the last 6 months – not to mention a drop of -14.30% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for CNK stock in for the last two-week period is set at 31.26, with the RSI for the last a single of trading hit 22.99, and the three-weeks RSI is set at 36.88 for Cinemark Holdings Inc. [CNK]. The present Moving Average for the last 50 days of trading for this stock 16.58, while it was recorded at 15.00 for the last single week of trading, and 16.53 for the last 200 days.

Cinemark Holdings Inc. [CNK]: Deeper insight into the fundamentals

Operating Margin for any stock indicates how profitable investing would be, and Cinemark Holdings Inc. [CNK] shares currently have an operating margin of -14.87 and a Gross Margin at -4.21. Cinemark Holdings Inc.’s Net Margin is presently recorded at -27.59.

Return on Equity for this stock declined to -75.03, with Return on Assets sitting at -7.72.

Cinemark Holdings Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.20 and a Current Ratio set at 1.20.

Earnings analysis for Cinemark Holdings Inc. [CNK]

The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for CNK. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Cinemark Holdings Inc. go to 10.00%.

Insider trade positions for Cinemark Holdings Inc. [CNK]

There are presently around $1,725 million, or 99.29% of CNK stock, in the hands of institutional investors. The top three institutional holders of CNK stocks are: BLACKROCK INC. with ownership of 18,258,910, which is approximately -2.905% of the company’s market cap and around 1.50% of the total institutional ownership; VANGUARD GROUP INC, holding 12,449,000 shares of the stock with an approximate value of $181.26 million in CNK stocks shares; and WELLINGTON MANAGEMENT GROUP LLP, currently with $162.15 million in CNK stock with ownership of nearly 3.106% of the company’s market capitalization.

Positions in Cinemark Holdings Inc. stocks held by institutional investors increased at the end of August and at the time of the August reporting period, where 105 institutional holders increased their position in Cinemark Holdings Inc. [NYSE:CNK] by around 15,267,072 shares. Additionally, 113 investors decreased positions by around 5,776,139 shares, while 42 investors held positions by with 97,446,852 shares. The mentioned changes placed institutional holdings at 118,490,063 shares, according to the latest SEC report filing. CNK stock had 27 new institutional investments in for a total of 2,500,007 shares, while 33 institutional investors sold positions of 887,539 shares during the same period.

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