National CineMedia, Inc. (NASDAQ:NCMI) Receives $5.38 Consensus Price Target from Brokerages

National CineMedia, Inc. (NASDAQ:NCMI) has been assigned a consensus rating of “Moderate Buy” from the six brokerages that are currently covering the stock, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $5.3750.

NCMI has been the topic of a number of research analyst reports. Weiss Ratings raised National CineMedia from a “sell (d-)” rating to a “hold (c-)” rating in a report on Friday, February 27th. B. Riley Financial lowered their target price on National CineMedia from $5.00 to $4.00 and set a “neutral” rating on the stock in a report on Thursday, January 22nd. Finally, Barrington Research lowered their target price on National CineMedia from $6.50 to $5.50 and set an “outperform” rating on the stock in a report on Monday, January 26th.

National CineMedia Price Performance

NASDAQ:NCMI opened at $3.67 on Wednesday. The business’s 50-day moving average price is $3.39 and its 200 day moving average price is $3.72. The firm has a market cap of $342.34 million, a P/E ratio of -36.70 and a beta of 1.43. National CineMedia has a 52-week low of $2.92 and a 52-week high of $5.55. The company has a quick ratio of 2.22, a current ratio of 2.22 and a debt-to-equity ratio of 0.03.

National CineMedia (NASDAQ:NCMI) last released its earnings results on Thursday, February 26th. The business services provider reported $0.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.25 by $0.03. National CineMedia had a negative return on equity of 2.29% and a negative net margin of 4.32%. As a group, sell-side analysts predict that National CineMedia will post 0.02 earnings per share for the current fiscal year.

National CineMedia Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 23rd. Investors of record on Monday, March 9th were paid a $0.03 dividend. The ex-dividend date of this dividend was Monday, March 9th. This represents a $0.12 dividend on an annualized basis and a yield of 3.3%. National CineMedia’s dividend payout ratio (DPR) is currently -120.00%.

Insiders Place Their Bets

In related news, EVP Maria Vg Woods sold 12,066 shares of National CineMedia stock in a transaction dated Wednesday, April 1st. The stock was sold at an average price of $3.04, for a total value of $36,680.64. Following the transaction, the executive vice president owned 143,097 shares of the company’s stock, valued at approximately $435,014.88. This trade represents a 7.78% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 1.70% of the company’s stock.

Hedge Funds Weigh In On National CineMedia

Institutional investors have recently bought and sold shares of the stock. Strs Ohio purchased a new position in National CineMedia in the 1st quarter worth about $43,000. Quantbot Technologies LP purchased a new position in National CineMedia in the 3rd quarter worth about $34,000. Graham Capital Management L.P. purchased a new position in National CineMedia in the 4th quarter worth about $40,000. BNP Paribas Financial Markets increased its stake in National CineMedia by 103.2% in the 3rd quarter. BNP Paribas Financial Markets now owns 12,895 shares of the business services provider’s stock worth $58,000 after purchasing an additional 6,549 shares in the last quarter. Finally, Inscription Capital LLC purchased a new position in National CineMedia in the 3rd quarter worth about $58,000. Hedge funds and other institutional investors own 69.49% of the company’s stock.

National CineMedia Company Profile

National CineMedia, Inc is a leading U.S. out-of-home media company specializing in cinema advertising. The firm operates a proprietary network that delivers high-impact advertising content to moviegoers across a broad footprint of theaters, offering brands a targeted and immersive way to engage audiences in a captive, distraction-free environment.

Founded in 2003 and headquartered in Centennial, Colorado, National CineMedia began as a joint venture among several major exhibition chains.