Cinemark downgraded by Wedbush with a new price target
$CNK
Movies/Entertainment
Consumer Discretionary
Wedbush downgraded Cinemark from Outperform to Neutral and set a new price target of $32.00
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 11/1/2024 | $32.00 | Outperform → Neutral | Wedbush |
| 10/31/2024 | $36.00 | Mkt Perform → Outperform | Barrington Research |
| 8/28/2024 | Outperform → Mkt Perform | Barrington Research | |
| 8/27/2024 | $31.00 | Buy → Neutral | B. Riley Securities |
| 8/5/2024 | $24.00 → $28.00 | Outperform | Barrington Research |
| 7/8/2024 | $16.00 → $27.00 | Neutral → Buy | B. Riley Securities |
| 6/24/2024 | $19.00 → $26.00 | Neutral → Buy | ROTH MKM |
| 4/5/2024 | $13.00 → $23.00 | Underweight → Overweight | Wells Fargo |
Morgan Stanley analyst Benjamin Swinburne maintains Cinemark Hldgs (NYSE:CNK) with a Overweight and raises the price target from $24 to $26.
The movie theater sector got a bit of a lift to start the second half of 2024 with several movies, such as “Inside Out 2,” hitting impressive box office figures. A new report says there could be more optimism ahead for the movie sector, but it might not favor movie theater companies as much as other sectors. What Happened: The global box office is expected to post a year-over-year decline in revenue in 2024, with the first half of 2024 posting a significant drop to the prior year already. A new report from PwC shows the global total cinema revenue passing pre-COVID-19 pandemic levels in 2026. The "Global Entertainment & Media Outlook" covers 13 sectors and 53 countries with resul
As of July 10, 2024, two stocks in the communication services sector could be flashing a real warning to investors who value momentum as a key criteria in their trading decisions. The RSI is a momentum indicator, which compares a stock’s strength on days when prices go up to its strength on days when prices go down. When compared to a stock’s price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered overbought when the RSI is above 70, according to Benzinga Pro. Here's the latest list of major overbought players in this sector. Cinemark Holdings, Inc (NYSE:CNK) On July 9, Cinemark USA announced the pricing of
Wedbush downgraded Cinemark from Outperform to Neutral and set a new price target of $32.00
Barrington Research upgraded Cinemark from Mkt Perform to Outperform and set a new price target of $36.00
Barrington Research downgraded Cinemark from Outperform to Mkt Perform
Cinemark Holdings, Inc. (NYSE:CNK), one of the largest motion picture exhibitors in the world, today announced participation at the following institutional investor conferences: Tuesday, December 3: Wells Fargo 8th Annual TMT Summit in Rancho Palos Verdes, CA Melissa Thomas, CFO; Chanda Brashears, SVP Investor Relations 1:1 investor meetings Fireside chat at 11:00 am PT https://cc.webcasts.com/well001/120324a_js/?entity=22_F16BL36 About Cinemark Holdings, Inc. Cinemark Holdings, Inc. (NYSE:CNK) provides extraordinary out-of-home entertainment experiences as one of the largest and most influential theatrical exhibition companies in the world. Based in Plano, Texas, Cinemar
Airing in select Regal 4DX theaters, the heightened sensory experience is designed to authentically connect the Xfinity brand with highly sought-after moviegoing audiences National CineMedia (NCM), the largest cinema advertising platform in the U.S., in partnership with Comcast's Xfinity, CJ 4DPLEX, and Regal, today announced the first-ever 4DX ad spot in the U.S. In celebration of Universal Pictures' new cinematic event Wicked, the industry-leading brands have teamed up to release the Xfinity short film about the making of Wicked, "Stay Connected to Your Dreams," in 4DX. The spot combines dynamic on-screen visuals with synchronized motion seats and hyper-realistic environmental effects l
Exceeds guidance with revenue of $62.4 million Scatter revenue up 35% year-over-year National CineMedia, Inc. (NASDAQ:NCMI) ("the Company" or "NCM"), the managing member and owner of approximately 100% of National CineMedia, LLC (NCM LLC), the operator of the largest cinema advertising network reaching movie audiences in the U.S., today announced its consolidated results for the fiscal third quarter ended September 26, 2024. "NCM delivered its fourth consecutive quarter of consistent results, achieving $62.4 million in revenue, and demonstrating our strength as the box office continues to accelerate," said Tom Lesinski, CEO of NCM. "We continue to drive meaningful growth in our premium P
4 - Cinemark Holdings, Inc. (0001385280) (Issuer)
4 - Cinemark Holdings, Inc. (0001385280) (Issuer)
4 - Cinemark Holdings, Inc. (0001385280) (Issuer)
SCHEDULE 13G/A - Cinemark Holdings, Inc. (0001385280) (Subject)
10-Q - Cinemark Holdings, Inc. (0001385280) (Filer)
8-K - Cinemark Holdings, Inc. (0001385280) (Filer)
SC 13G/A - Cinemark Holdings, Inc. (0001385280) (Subject)
SC 13G/A - Cinemark Holdings, Inc. (0001385280) (Subject)
SC 13G/A - Cinemark Holdings, Inc. (0001385280) (Subject)
Veteran executive joins NCM to lead development and execution of go-to-market strategy to propel next stage of growth across NCM's premium video advertising platform National CineMedia (NASDAQ:NCMI) ("the Company" or "NCM"), the largest cinema advertising platform in the US, today announced the appointment of seasoned media executive and strategist, Catherine Sullivan, as President of Sales, Marketing, and Partnerships, effective May 16, 2024. In this role, Sullivan will oversee the Company's sales and marketing strategy and lead initiatives to continue the momentum of brands returning to the theater to reach sought-after audiences. Sullivan will join the executive leadership team, report
Former Chief Financial Officer for Groupon to Succeed Sean Gamble, Recently Promoted to President and Named Successor to Chief Executive Officer Cinemark Holdings, Inc. (NYSE:CNK), one of the world's largest and most influential movie theatre companies, announces Melissa Thomas has been appointed as the company's Executive Vice President and Chief Financial Officer and will join the team effective November 8th. Ms. Thomas will succeed Sean Gamble, who was promoted to President on July 28, 2021, and will be named Chief Executive Officer on January 1, 2022, upon the retirement of Mark Zoradi at the end of this year. Ms. Thomas joins Cinemark after serving as CFO for Groupon (GRPN) since 201
Mark Zoradi, CEO, to retire from Cinemark at the end of the year while continuing on the Board of Directors Sean Gamble, CFO & COO, named as Zoradi's successor as CEO Promotions announced for Wanda Gierhart Fearing, Damian Wardle, Sid Srivastava Cinemark Holdings, Inc., one of the world's largest and most influential movie theatre companies, today announced that Mark Zoradi, CEO and Board Director, will retire as Cinemark's CEO at the end of 2021. Zoradi will remain a member of the Board of Directors until the 2024 annual meeting when his continuing term will be subject to board nomination and shareholder election. Sean Gamble, CFO & COO, has been named as Zoradi's successor as CEO effec
Exceeds guidance with revenue of $62.4 million Scatter revenue up 35% year-over-year National CineMedia, Inc. (NASDAQ:NCMI) ("the Company" or "NCM"), the managing member and owner of approximately 100% of National CineMedia, LLC (NCM LLC), the operator of the largest cinema advertising network reaching movie audiences in the U.S., today announced its consolidated results for the fiscal third quarter ended September 26, 2024. "NCM delivered its fourth consecutive quarter of consistent results, achieving $62.4 million in revenue, and demonstrating our strength as the box office continues to accelerate," said Tom Lesinski, CEO of NCM. "We continue to drive meaningful growth in our premium P
National CineMedia, Inc. (NASDAQ:NCMI) ("the Company" or "NCM"), the managing member of National CineMedia, LLC ("NCM LLC"), the operator of the largest cinema advertising platform in the U.S., plans to issue its third quarter 2024 earnings results after the market closes on Tuesday, November 5, 2024. A conference call and audio webcast to discuss the results will take place at 5:00 p.m. Eastern Time. The conference call can be accessed by dialing (844) 481-2522 or for international participants (412) 317-0550. Participants should register at least 15 minutes prior to the commencement of the call. Additionally, a live audio webcast will be available to interested parties at www.ncm.com und
Cinemark Holdings, Inc. ("Cinemark") (NYSE:CNK), one of the largest and most influential theatrical exhibition companies in the world, today announced that it will report its third quarter 2024 operating results pre-market and host a webcast and conference call to discuss the results on: Thursday, October 31, 2024 8:30 a.m. Eastern Time Interested parties can listen to the call via live webcast. Please access 5-10 minutes before the call: https://event.choruscall.com/mediaframe/webcast.html?webcastid=igg8inEJ A replay of the call will be available at https://ir.cinemark.com following the call and archived for a limited time. To automatically receive Cinemark financial news by email, ple