National CineMedia Given New $19.22 Price Target at Benchmark Co. (NCMI)
Equities researchers at Benchmark Co. upped their price target on shares of National CineMedia (NASDAQ:NCMI) from $19.17 to $19.22 in a research report issued on Tuesday. Benchmark Co.’s target price would suggest a potential upside of 30.48% from the stock’s previous close.
Separately, analysts at Piper Jaffray downgraded shares of National CineMedia from an “overweight” rating to a “neutral” rating in a research note on Wednesday, August 6th. They now have a $18.00 price target on the stock, down previously from $22.00. Five investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $18.87.
National CineMedia (NASDAQ:NCMI) traded up 0.14% on Tuesday, hitting $14.75. The stock had a trading volume of 56,215 shares. National CineMedia has a 52 week low of $13.94 and a 52 week high of $20.22. The stock has a 50-day moving average of $16.60 and a 200-day moving average of $16.24. The company has a market cap of $866.4 million and a price-to-earnings ratio of 25.71.
National CineMedia (NASDAQ:NCMI) last released its earnings data on Tuesday, August 5th. The company reported $0.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.07 by $0.01. The company had revenue of $99.90 million for the quarter, compared to the consensus estimate of $96.99 million. During the same quarter in the previous year, the company posted $0.19 earnings per share. The company’s revenue for the quarter was down 18.6% on a year-over-year basis. Analysts expect that National CineMedia will post $0.39 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, September 5th. Investors of record on Thursday, August 21st will be paid a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 5.97%. The ex-dividend date is Tuesday, August 19th.
National CineMedia, Inc (NASDAQ:NCMI) is a holding company that manages its consolidated subsidiary NCM LLC.
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