National CineMedia, Inc. (NCMI) Receives $10.25 Consensus Price Target from Analysts

National CineMedia, Inc. (NASDAQ:NCMI) has been assigned a consensus recommendation of “Hold” from the seven ratings firms that are presently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and one has given a buy recommendation to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $10.25.

NCMI has been the topic of a number of analyst reports. TheStreet upgraded National CineMedia from a “c” rating to a “b-” rating in a research report on Friday, March 15th. Barrington Research reiterated a “hold” rating on shares of National CineMedia in a research report on Friday, March 1st. BidaskClub lowered National CineMedia from a “buy” rating to a “hold” rating in a research report on Thursday, January 17th. ValuEngine upgraded National CineMedia from a “sell” rating to a “hold” rating in a research report on Friday, January 4th. Finally, Zacks Investment Research lowered National CineMedia from a “hold” rating to a “sell” rating in a research report on Thursday.

Several large investors have recently made changes to their positions in NCMI. Vanguard Group Inc. boosted its holdings in National CineMedia by 2.8% in the 3rd quarter. Vanguard Group Inc. now owns 6,571,067 shares of the business services provider’s stock worth $69,587,000 after buying an additional 176,667 shares during the period. Vanguard Group Inc lifted its holdings in National CineMedia by 2.8% in the 3rd quarter. Vanguard Group Inc now owns 6,571,067 shares of the business services provider’s stock worth $69,587,000 after purchasing an additional 176,667 shares during the last quarter. BlackRock Inc. lifted its holdings in shares of National CineMedia by 2.4% during the fourth quarter. BlackRock Inc. now owns 5,271,174 shares of the business services provider’s stock worth $34,157,000 after buying an additional 125,168 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of National CineMedia by 1.2% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,635,045 shares of the business services provider’s stock worth $17,075,000 after buying an additional 31,126 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of National CineMedia by 2.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,610,424 shares of the business services provider’s stock worth $16,915,000 after buying an additional 67,734 shares during the last quarter. 91.42% of the stock is currently owned by institutional investors.

Shares of NASDAQ NCMI traded down $0.08 during trading on Monday, reaching $6.98. The company had a trading volume of 5,967 shares, compared to its average volume of 195,016. National CineMedia has a 12 month low of $5.46 and a 12 month high of $10.94. The firm has a market capitalization of $544.43 million, a PE ratio of 18.89 and a beta of 0.86.

National CineMedia (NASDAQ:NCMI) last released its quarterly earnings results on Thursday, February 21st. The business services provider reported $0.21 EPS for the quarter, beating analysts’ consensus estimates of $0.19 by $0.02. National CineMedia had a negative return on equity of 34.20% and a net margin of 6.75%. The firm had revenue of $137.40 million for the quarter, compared to analyst estimates of $139.48 million. During the same quarter in the previous year, the company posted $0.27 EPS. The business’s revenue was down 2.3% on a year-over-year basis. On average, analysts forecast that National CineMedia will post 0.41 earnings per share for the current year.

About National CineMedia

National CineMedia, Inc, through its subsidiary, National CineMedia, LLC, operates a digital in-theater network in North America. The company engages in the sale of advertising to national, regional, and local businesses in Noovie, a cinema advertising and entertainment pre-show seen on movie screens; and sells advertising on its Lobby Entertainment Network, a series of strategically-placed screens located in movie theater lobbies, as well as other forms of advertising and promotions in theatre lobbies.

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