Stock Rating Downgrade
The Value Trend Rating for Cinemark Holdings Inc (NYSE: CNK) weakened in recent days from C to D reflecting eroding fundamentals and low Appreciation Potential. Details supporting this lower rating are included in our next report.
Recent Price Action
Cinemark Holdings Inc (NYSE: CNK) stock declined by -2.6% on 12/22/23. The shares closed at $14.09. However, trading volume in this decline was below average at 76% of normal. The stock has performed in line with the market over the last nine months and has declined -8.2% during the last week.
Current PriceTarget Research Rating
CNK is expected to continue to be a major Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
Cinemark Holdings has a current Value Trend Rating of D (Negative). The Value Trend Rating reflects inconsistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Cinemark Holdings has a neutral Power Rating of 45 but a poor Appreciation Score of 27, resulting in the Negative Value Trend Rating.
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