National CineMedia Inc. (NCMI) PT Raised to $18.08
National CineMedia Inc. (NASDAQ:NCMI) had its price objective increased by equities researchers at Benchmark Co. from $17.81 to $18.08 in a research report issued on Tuesday. The brokerage currently has a “buy” rating on the stock. Benchmark Co.’s target price suggests a potential upside of 24.95% from the company’s previous close.
NCMI has been the subject of a number of other reports. Zacks Investment Research raised National CineMedia from a “sell” rating to a “hold” rating in a research note on Friday, August 5th. Stifel Nicolaus cut National CineMedia from a “buy” rating to a “hold” rating in a research note on Wednesday, July 20th. Wedbush reaffirmed an “outperform” rating and set a $17.50 price target (down from $19.00) on shares of National CineMedia in a research note on Wednesday, August 10th. FBR & Co decreased their price target on shares of National CineMedia from $18.50 to $17.00 and set an “outperform” rating for the company in a research note on Tuesday, August 9th. Finally, B. Riley reaffirmed a “buy” rating and set a $18.75 price target on shares of National CineMedia in a research note on Tuesday. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $17.76.
Shares of National CineMedia (NASDAQ:NCMI) opened at 14.47 on Tuesday. The stock has a 50 day moving average of $14.24 and a 200-day moving average of $14.74. National CineMedia has a 52 week low of $13.37 and a 52 week high of $16.33. The firm has a market capitalization of $865.83 million, a PE ratio of 52.05 and a beta of 0.87.
National CineMedia (NASDAQ:NCMI) last posted its earnings results on Monday, November 7th. The company reported $0.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.12 by $0.01. National CineMedia had a negative return on equity of 13.92% and a net margin of 3.92%. The business earned $113.50 million during the quarter, compared to analysts’ expectations of $114.52 million. During the same period in the prior year, the business earned $0.13 EPS. National CineMedia’s revenue for the quarter was up 1.6% compared to the same quarter last year. Equities analysts anticipate that National CineMedia will post $0.40 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 2nd. Stockholders of record on Friday, November 18th will be issued a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 6.08%. The ex-dividend date of this dividend is Wednesday, November 16th. National CineMedia’s payout ratio is presently 314.30%.
Several large investors have recently added to or reduced their stakes in NCMI. Bank of New York Mellon Corp increased its stake in National CineMedia by 3.6% in the second quarter. Bank of New York Mellon Corp now owns 631,772 shares of the company’s stock valued at $9,779,000 after buying an additional 21,739 shares during the last quarter. Quantitative Systematic Strategies LLC increased its stake in shares of National CineMedia by 17.0% in the second quarter. Quantitative Systematic Strategies LLC now owns 11,708 shares of the company’s stock valued at $174,000 after buying an additional 1,699 shares in the last quarter. First Dallas Securities Inc. increased its stake in shares of National CineMedia by 4.6% in the second quarter. First Dallas Securities Inc. now owns 17,173 shares of the company’s stock valued at $266,000 after buying an additional 749 shares in the last quarter. Bank of Montreal Can acquired a new stake in shares of National CineMedia during the second quarter valued at about $6,764,000. Finally, Gilman Hill Asset Management LLC increased its stake in shares of National CineMedia by 3.5% in the second quarter. Gilman Hill Asset Management LLC now owns 259,200 shares of the company’s stock valued at $4,012,000 after buying an additional 8,664 shares in the last quarter. 92.77% of the stock is owned by institutional investors.
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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