National CineMedia Inc. (NASDAQ:NCMI)‘s stock had its “buy” rating reissued by equities researchers at B. Riley in a research note issued on Tuesday. They presently have a $18.75 price objective on the stock. B. Riley’s target price indicates a potential upside of 17.41% from the company’s previous close.
NCMI has been the subject of several other research reports. Zacks Investment Research upgraded National CineMedia from a “sell” rating to a “hold” rating in a research report on Wednesday, July 13th. FBR & Co cut their target price on National CineMedia from $18.50 to $17.00 and set an “outperform” rating for the company in a research report on Tuesday, August 9th. Wedbush restated an “outperform” rating and set a $17.50 target price (down previously from $19.00) on shares of National CineMedia in a research report on Wednesday, August 10th. Finally, Stifel Nicolaus downgraded National CineMedia from a “buy” rating to a “hold” rating in a research report on Wednesday, July 20th. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $18.06.
Shares of National CineMedia (NASDAQ:NCMI) remained flat at $15.97 on Tuesday. The company’s stock had a trading volume of 261,052 shares. The company has a market capitalization of $955.85 million, a price-to-earnings ratio of 55.26 and a beta of 0.87. The company’s 50 day moving average price is $14.44 and its 200-day moving average price is $14.83. National CineMedia has a 1-year low of $13.37 and a 1-year high of $16.33.
National CineMedia (NASDAQ:NCMI) last released its earnings results on Monday, November 7th. The company reported $0.13 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.12 by $0.01. The firm had revenue of $113.50 million for the quarter, compared to analyst estimates of $114.52 million. National CineMedia had a negative return on equity of 13.70% and a net margin of 3.92%. The company’s revenue was up 1.6% on a year-over-year basis. During the same quarter last year, the firm posted $0.13 EPS. On average, analysts anticipate that National CineMedia will post $0.42 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 2nd. Investors of record on Friday, November 18th will be issued a dividend of $0.22 per share. The ex-dividend date is Wednesday, November 16th. This represents a $0.88 dividend on an annualized basis and a yield of 5.51%. National CineMedia’s dividend payout ratio is 314.30%.
A number of large investors have recently added to or reduced their stakes in the stock. Norges Bank acquired a new stake in National CineMedia during the fourth quarter worth $9,293,000. Bank of Montreal Can purchased a new stake in National CineMedia during the second quarter valued at approximately $6,764,000. Prospect Capital Advisors LLC purchased a new stake in National CineMedia during the fourth quarter valued at approximately $5,462,000. 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. Finally, Renaissance Technologies LLC boosted its stake in National CineMedia by 76.8% in the first quarter. Renaissance Technologies LLC now owns 614,800 shares of the company’s stock valued at $9,351,000 after buying an additional 267,000 shares during the period. 92.81% of the stock is owned by hedge funds and other institutional investors.
National CineMedia Company Profile