Is Cinemark a good stock to buy?
Cinemark has received a consensus rating of Hold. The company's average rating score is 2.33, and is based on 3 buy ratings, 2 hold ratings, and 1 sell rating.
Will Cinemark stock go up?
The 12 analysts offering 12-month price forecasts for Cinemark Holdings Inc have a median target of 22.00, with a high estimate of 32.00 and a low estimate of 13.90. The median estimate represents a +28.35% increase from the last price of 17.14.
Is AMC or Cinemark better?
Results were generated by 160 employees and customers of AMC Theaters and 73 employees and customers of Cinemark USA. AMC Theaters's brand is ranked #683 in the list of Global Top 1000 Brands, as rated by customers of AMC Theaters....AMC Theaters vs Cinemark USA.69%Promoters21%Detractors1 more row
What was the highest Cinemark stock price?
The latest closing stock price for Cinemark Holdings Inc as of June 02, 2022 is 16.91. The all-time high Cinemark Holdings Inc stock closing price was 45.52 on April 06, 2015.
What is the best movie theater stocks to buy?
Best Value Movie Theater StocksPrice ($)Market Cap ($B)Cinemark Holdings Inc. (CNK)17.282.1Imax Corp. (IMAX)18.491.1AMC Entertainment Holdings Inc. (AMC)23.3112.1
Who is the biggest Cinema chain?
AMCGlobal cinema chains#ChainSites1AMC1,0042Cineworld7933Cinemark5334Cinépolis3355 more rows
How much debt is AMC in?
AMC's total debt is north of $5 billion, but CEO Adam Aron has repeatedly advised investors that it does not have any maturities coming due until 2023.
The outlook for movie chain operator Cinemark Holdings took a big hit this weekend. Here's what you need to know
Reuben Gregg Brewer believes dividends are a window into a company's soul. He tries to invest in good souls.
What happened
Shares of movie theater operator Cinemark Holdings ( NYSE:CNK) fell just shy of 10% at one point today. The big story, however, didn't specifically apply to Cinemark but really to the broader health of the movie theater industry. And this weekend revealed that the news isn't good.
So what
Long holiday weekends have historically been very good for movie chains. People are often looking for something fun to do, and movie production companies generally try to accommodate them by releasing blockbuster movies. For example, in 2019 the Thanksgiving weekend saw a box office pull of $262 million driven by Disney's Frozen 2.
Now what
Movie chains like Cinemark are in a bind, with fears about COVID-19 resulting in consumers avoiding theaters. That, in turn, has led movie producers to stop releasing the very movies that might lure customers back to movie houses.
Why are Cinemark theaters only 50% capacity?
In other major international markets only about 50% of Cinemark theaters are functioning due to recent spikes in Covid positive cases.
How much debt does CNK have?
CNK’s total debt increased from $1.8 billion in 2017 to $2.4 billion in 2020, while its total cash increased from around $522 million to $655 million over the same period. However, the rise in cash balance is entirely due to additional debt raised.
How much did CNK make in 2019?
CNK revenues increased from $3 billion in 2017 to $3.3 billion in 2019, primarily due to higher revenue per patron. Despite higher revenue, earnings decreased from $2.26 to $1.63 during this period due to higher cost of operations.
Is Cinemark stock recovered?
Cinemark Holdings stock (NYSE: CNK), which currently trades at a little below $22 per share, is still not recovered fully to its pre-Covid level. Cinemark Holdings, which is an American movie theater chain, saw its stock trading over $32 in February 2020 just before the outbreak of the pandemic and is still almost 33% below that level.
Don't blame anything either one said today, but the declines were still news driven
Reuben Gregg Brewer believes dividends are a window into a company's soul. He tries to invest in good souls.
What happened
Shares of movie theater operator Cinemark Holdings ( NYSE:CNK) fell more than 10% at the open on Oct. 13. Following along was theater-owning real estate investment trust (REIT) EPR Properties ( NYSE:EPR), which dropped nearly 8% in early trading on Wall Street.
So what
In a Securities and Exchange Commission filing, AMC noted that it might run out of cash by the end of 2020 or in early 2021. A large part of that trouble is related to the broader movie industry. Specifically, AMC noted that movie studios were delaying key release dates, which was helping to depress movie attendance.
Now what
There's no easy fix for what ails AMC, Cinemark, or EPR Properties. The world needs to not only figure out a way to deal with COVID-19 but also regain the confidence needed to return to more normal levels of activity. There's no clear sign when that will happen or whether or not these companies can muddle through in one piece until the tide turns.
Reality is starting to set in for many investors who bought into the hype after reading something online
James Brumley is former stockbroker with a large Wall Street firm, and a former trading analyst for a small, options-based newsletter. After twenty years of professional experience in and around the market, his approach is one that combines fundamentals, sentiment, and common sense.
Key Points
AMC stock is currently trading at about nine times analysts' consensus price.
What happened
The broad market may be at a breakeven for the week, but stocks of movie theater chains certainly aren't. Shares of Cineworld Group ( OTC:CNNW.F), Cinemark Holdings ( NYSE:CNK), and IMAX Corporation ( NYSE:IMAX) are all down significantly since last Friday's close. But they're being led lower by AMC Entertainment Holdings ( NYSE:AMC).
So what
The king of the meme stocks was close to being diluted...again. AMC's management had been prepared to put the matter of a secondary offering to a shareholder vote. Those plans were officially canceled (postponed, technically) on Tuesday, however, when CEO Adam Aron suggested he feared such a vote could split the company's shareholder base.
Now what
AMC continues to draw bullish lip service on the message boards that caused it to be catapulted higher a couple of different times this year. But that voiced support is now proving ineffective at keeping the stock propped up. Makes sense. The same strategic ploy rarely works twice, and never works forever.