Analysts Set National CineMedia, Inc. (NASDAQ:NCMI) Price Target at $9.50

National CineMedia, Inc. (NASDAQ:NCMI) has received an average recommendation of “Hold” from the eight research firms that are currently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating on the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $9.50.

NCMI has been the topic of several recent analyst reports. ValuEngine raised XOMA from a “sell” rating to a “hold” rating in a research note on Friday, May 24th. Zacks Investment Research cut ExlService from a “hold” rating to a “sell” rating in a research note on Wednesday. Wedbush reissued a “buy” rating and issued a $38.00 target price on shares of Obseva in a research note on Wednesday, June 19th. BidaskClub raised Zillow Group from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, July 2nd. Finally, Barrington Research reissued a “market perform” rating on shares of National CineMedia in a research note on Friday, May 17th.

Shares of NASDAQ:NCMI traded up $0.07 on Friday, reaching $7.07. 267,211 shares of the company traded hands, compared to its average volume of 382,133. The business has a 50-day simple moving average of $6.64. National CineMedia has a 52 week low of $5.88 and a 52 week high of $10.94. The stock has a market capitalization of $552.78 million, a PE ratio of 19.11 and a beta of 0.75.

National CineMedia (NASDAQ:NCMI) last announced its quarterly earnings data on Monday, May 6th. The business services provider reported ($0.01) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.02) by $0.01. The firm had revenue of $76.90 million for the quarter, compared to analysts’ expectations of $82.43 million. National CineMedia had a negative return on equity of 33.32% and a net margin of 6.98%. The company’s revenue for the quarter was down 4.1% compared to the same quarter last year. During the same period last year, the firm earned ($0.03) earnings per share. As a group, equities research analysts expect that National CineMedia will post 0.44 earnings per share for the current year.

A number of institutional investors have recently bought and sold shares of NCMI. Norges Bank bought a new stake in National CineMedia during the 4th quarter valued at approximately $9,716,000. Delek Group Ltd. boosted its position in National CineMedia by 79.4% during the 4th quarter. Delek Group Ltd. now owns 1,049,680 shares of the business services provider’s stock valued at $6,985,000 after acquiring an additional 464,500 shares in the last quarter. Northern Trust Corp boosted its position in National CineMedia by 42.7% during the 4th quarter. Northern Trust Corp now owns 1,510,378 shares of the business services provider’s stock valued at $9,786,000 after acquiring an additional 452,207 shares in the last quarter. Martingale Asset Management L P boosted its position in National CineMedia by 57.6% during the 1st quarter. Martingale Asset Management L P now owns 575,554 shares of the business services provider’s stock valued at $4,058,000 after acquiring an additional 210,439 shares in the last quarter. Finally, Bank of America Corp DE boosted its position in National CineMedia by 284.9% during the 4th quarter. Bank of America Corp DE now owns 185,106 shares of the business services provider’s stock valued at $1,199,000 after acquiring an additional 137,008 shares in the last quarter. 90.18% of the stock is currently owned by institutional investors and hedge funds.

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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