National CineMedia, Inc. (NCMI) PT Set at $14.00 by B. Riley
National CineMedia, Inc. (NASDAQ:NCMI) has been assigned a $14.00 price objective by investment analysts at B. Riley in a research note issued to investors on Monday. The firm currently has a “buy” rating on the business services provider’s stock. B. Riley’s target price would indicate a potential upside of 108.96% from the company’s previous close.
Other research analysts also recently issued reports about the company. Wedbush assumed coverage on National CineMedia in a research note on Wednesday, August 2nd. They set a “neutral” rating and a $6.50 target price for the company. Barrington Research downgraded National CineMedia from an “outperform” rating to a “market perform” rating in a research note on Friday, May 5th. J P Morgan Chase & Co downgraded National CineMedia from an “overweight” rating to a “neutral” rating and reduced their target price for the stock from $17.00 to $12.00 in a research note on Monday, May 15th. Zacks Investment Research downgraded National CineMedia from a “hold” rating to a “sell” rating in a research note on Wednesday, May 3rd. Finally, FBR & Co downgraded National CineMedia from an “outperform” rating to a “market perform” rating and set a $12.00 target price for the company. in a research note on Friday, May 5th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $12.51.
National CineMedia (NASDAQ:NCMI) traded down 2.54% during midday trading on Monday, hitting $6.53. 421,989 shares of the stock traded hands. National CineMedia has a 12 month low of $5.86 and a 12 month high of $16.10. The firm has a market cap of $395.69 million, a PE ratio of 16.00 and a beta of 0.64. The company’s 50 day moving average price is $7.44 and its 200 day moving average price is $10.54.
National CineMedia (NASDAQ:NCMI) last announced its earnings results on Monday, August 7th. The business services provider reported $0.03 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.07 by $0.04. The business had revenue of $97.10 million for the quarter, compared to analyst estimates of $104.30 million. National CineMedia had a negative return on equity of 17.15% and a net margin of 5.57%. The company’s quarterly revenue was down 15.9% compared to the same quarter last year. During the same period in the previous year, the company earned $0.11 earnings per share. Equities research analysts predict that National CineMedia will post $0.31 earnings per share for the current fiscal year.
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A number of hedge funds have recently modified their holdings of the stock. Royal Bank of Canada boosted its stake in shares of National CineMedia by 36.9% in the second quarter. Royal Bank of Canada now owns 7,804 shares of the business services provider’s stock valued at $121,000 after buying an additional 2,102 shares during the last quarter. Teacher Retirement System of Texas boosted its stake in shares of National CineMedia by 17.5% in the second quarter. Teacher Retirement System of Texas now owns 8,785 shares of the business services provider’s stock valued at $136,000 after buying an additional 1,311 shares during the last quarter. Fox Run Management L.L.C. bought a new stake in shares of National CineMedia during the second quarter valued at about $137,000. Stevens Capital Management LP bought a new stake in shares of National CineMedia during the first quarter valued at about $138,000. Finally, Capital Fund Management S.A. bought a new stake in shares of National CineMedia during the first quarter valued at about $147,000. Institutional investors own 91.17% of the company’s stock.
About National CineMedia
National CineMedia, Inc (NCM, Inc) is a holding company that manages its consolidated subsidiary National CineMedia, LLC (NCM LLC). The Company operates digital in-theater network in North America, allowing NCM LLC to sell advertising and certain third-party theater circuits under long-term network affiliate agreements.
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