National CineMedia (NASDAQ:NCMI) Stock Price Expected to Rise, Barrington Research Analyst Says

National CineMedia (NASDAQ:NCMI) had its target price boosted by equities researchers at Barrington Research from $7.50 to $8.25 in a research note issued to investors on Wednesday, Benzinga reports. The brokerage presently has an “outperform” rating on the business services provider’s stock. Barrington Research’s target price would indicate a potential upside of 24.25% from the stock’s current price.

A number of other research analysts have also issued reports on NCMI. Benchmark reiterated a “buy” rating and issued a $8.00 price objective on shares of National CineMedia in a report on Monday, September 23rd. B. Riley lifted their price target on shares of National CineMedia from $7.50 to $8.50 and gave the company a “buy” rating in a research report on Friday, August 16th. Finally, Wedbush restated a “neutral” rating and set a $7.50 price objective (up from $6.00) on shares of National CineMedia in a research note on Monday. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, National CineMedia presently has a consensus rating of “Hold” and an average target price of $8.06.

National CineMedia Price Performance

NASDAQ NCMI traded down $0.66 during trading on Wednesday, reaching $6.64. 860,153 shares of the company traded hands, compared to its average volume of 607,516. The stock’s 50 day moving average price is $6.89 and its two-hundred day moving average price is $5.78. The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.45 and a current ratio of 2.45. National CineMedia has a 1-year low of $3.63 and a 1-year high of $7.39. The company has a market cap of $641.22 million, a price-to-earnings ratio of 2.50 and a beta of 2.07.

National CineMedia (NASDAQ:NCMI) last issued its quarterly earnings data on Tuesday, November 5th. The business services provider reported ($0.04) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.01). National CineMedia had a net margin of 78.04% and a return on equity of 3.50%. The firm had revenue of $62.40 million for the quarter, compared to analyst estimates of $58.20 million. During the same quarter in the prior year, the firm posted $0.33 EPS. As a group, analysts anticipate that National CineMedia will post -0.05 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Squarepoint Ops LLC grew its holdings in shares of National CineMedia by 7.9% during the second quarter. Squarepoint Ops LLC now owns 42,835 shares of the business services provider’s stock worth $188,000 after purchasing an additional 3,132 shares in the last quarter. Virtu Financial LLC raised its holdings in shares of National CineMedia by 13.8% during the first quarter. Virtu Financial LLC now owns 26,223 shares of the business services provider’s stock valued at $135,000 after acquiring an additional 3,172 shares in the last quarter. Oppenheimer Asset Management Inc. raised its holdings in shares of National CineMedia by 38.9% during the first quarter. Oppenheimer Asset Management Inc. now owns 23,897 shares of the business services provider’s stock valued at $123,000 after acquiring an additional 6,690 shares in the last quarter. SG Americas Securities LLC bought a new position in shares of National CineMedia during the second quarter valued at approximately $56,000. Finally, American Century Companies Inc. raised its holdings in shares of National CineMedia by 20.4% during the second quarter. American Century Companies Inc. now owns 89,555 shares of the business services provider’s stock valued at $393,000 after acquiring an additional 15,177 shares in the last quarter. Hedge funds and other institutional investors own 69.49% of the company’s stock.

About National CineMedia

National CineMedia, Inc, through its subsidiary, National CineMedia, LLC, operates cinema advertising network in North America. It engages in the sale of advertising to national, regional, and local businesses in Noovie, a cinema advertising and entertainment 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.