National CineMedia Price Target Cut to $24.50 (NCMI)
Investment analysts at B. Riley lowered their target price on shares of National CineMedia (NASDAQ:NCMI) from $26.00 to $24.50 in a note issued to investors on Friday, ARN reports. The firm currently has a “buy” rating on the stock. B. Riley’s price objective suggests a potential upside of 39.68% from the company’s current price.
In other National CineMedia news, Insider Clifford E. Marks unloaded 35,874 shares of the company’s stock in a transaction dated Friday, October 18th. The stock was sold at an average price of $19.25, for a total transaction of $690,574.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Other equities research analysts have also recently issued reports about the stock. Analysts at JPMorgan Chase & Co. downgraded shares of National CineMedia from an “overweight” rating to a “neutral” rating in a research note to investors on Wednesday, October 23rd. They now have a $20.00 price target on the stock. Separately, analysts at McLean Capital Management downgraded shares of National CineMedia from a “neutral” rating to a “sell” rating in a research note to investors on Friday, October 11th. Finally, analysts at Benchmark Co. initiated coverage on shares of National CineMedia in a research note to investors on Wednesday, September 11th. They set a “hold” rating and a $19.04 price target on the stock. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Hold” and an average price target of $19.78.
Shares of National CineMedia (NASDAQ:NCMI) traded up 0.23% on Friday, hitting $17.54. 478,950 shares of the company’s stock traded hands. National CineMedia has a one year low of $13.06 and a one year high of $19.16. The stock’s 50-day moving average is $18.65 and its 200-day moving average is $17.67. The company has a market cap of $971.1 million and a P/E ratio of 40.14.
National CineMedia (NASDAQ:NCMI) last posted its quarterly earnings results on Wednesday, October 30th. The company reported $0.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.29 by $0.04. The company had revenue of $135.10 million for the quarter, compared to the consensus estimate of $137.13 million. During the same quarter in the previous year, the company posted $0.30 earnings per share. The company’s revenue for the quarter was down 6.0% on a year-over-year basis. Analysts expect that National CineMedia will post $0.64 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Wednesday, November 27th. Shareholders of record on Wednesday, November 13th will be given a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 5.02%. The ex-dividend date of this dividend is Friday, November 8th.
National CineMedia, Inc (NASDAQ:NCMI) is a holding company that manages its consolidated subsidiary NCM LLC.
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