National CineMedia Inc. (NCMI) Given Average Recommendation of “Buy” by Brokerages
National CineMedia Inc. (NASDAQ:NCMI) has earned an average recommendation of “Buy” from the eight brokerages that are covering the company. Three equities research analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $18.17.
NCMI has been the subject of a number of research analyst reports. Stifel Nicolaus downgraded National CineMedia from a “buy” rating to a “hold” rating in a report on Wednesday, July 20th. Zacks Investment Research downgraded National CineMedia from a “hold” rating to a “sell” rating in a report on Saturday, July 23rd. FBR & Co lowered their price target on National CineMedia from $18.50 to $17.00 and set an “outperform” rating for the company in a report on Tuesday, August 9th. Wedbush reaffirmed an “outperform” rating and issued a $17.50 price target (down from $19.00) on shares of National CineMedia in a report on Wednesday, August 10th. Finally, B. Riley reaffirmed a “buy” rating and issued a $18.75 price target (down from $20.00) on shares of National CineMedia in a report on Tuesday, August 9th.
Large investors have recently bought and sold shares of the stock. Bank of Montreal Can purchased a new stake in National CineMedia during the second quarter valued at $6,764,000. State of New Jersey Common Pension Fund D boosted its stake in National CineMedia by 96.8% in the second quarter. State of New Jersey Common Pension Fund D now owns 610,000 shares of the company’s stock valued at $9,443,000 after buying an additional 300,000 shares during the period. Wellington Management Group LLP boosted its stake in National CineMedia by 10.2% in the first quarter. Wellington Management Group LLP now owns 2,443,768 shares of the company’s stock valued at $37,169,000 after buying an additional 226,207 shares during the period. Vanguard Group Inc. boosted its stake in National CineMedia by 5.3% in the second quarter. Vanguard Group Inc. now owns 4,438,472 shares of the company’s stock valued at $68,708,000 after buying an additional 221,533 shares during the period. Finally, Macquarie Group Ltd. boosted its stake in National CineMedia by 27.1% in the second quarter. Macquarie Group Ltd. now owns 984,936 shares of the company’s stock valued at $15,247,000 after buying an additional 210,246 shares during the period. 93.23% of the stock is owned by institutional investors and hedge funds.
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National CineMedia (NASDAQ:NCMI) traded down 0.50% during mid-day trading on Tuesday, hitting $14.00. 75,801 shares of the stock were exchanged. National CineMedia has a 12-month low of $13.47 and a 12-month high of $16.33. The company has a 50 day moving average of $14.65 and a 200 day moving average of $14.79. The firm has a market cap of $837.70 million, a P/E ratio of 50.36 and a beta of 0.43.
National CineMedia (NASDAQ:NCMI) last announced its quarterly earnings data on Monday, August 8th. The company reported $0.11 EPS for the quarter, missing the Zacks’ consensus estimate of $0.14 by $0.03. National CineMedia had a negative return on equity of 12.56% and a net margin of 3.82%. The company had revenue of $115.40 million for the quarter, compared to analyst estimates of $115.52 million. During the same period in the prior year, the firm posted $0.17 earnings per share. The business’s quarterly revenue was down 5.0% compared to the same quarter last year. On average, equities analysts anticipate that National CineMedia will post $0.40 earnings per share for the current fiscal year.
About National CineMedia
National CineMedia, Inc (NCM, Inc) is a holding company that manages its consolidated subsidiary National CineMedia, LLC (NCM LLC). NCM LLC operates the digital in-theatre media network in North America, through which it sells in-theatre and online advertising and promotions. The Company is engaged in advertising business.
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