National CineMedia’s (NCMI) Neutral Rating Reaffirmed at Wedbush

National CineMedia (NASDAQ:NCMI)‘s stock had its “neutral” rating restated by stock analysts at Wedbush in a research note issued to investors on Monday, RTT News reports. They presently have a $7.50 target price on the business services provider’s stock, up from their previous target price of $6.00. Wedbush’s target price points to a potential upside of 5.34% from the stock’s previous close.

Other research analysts also recently issued research reports about the stock. B. Riley boosted their price objective on shares of National CineMedia from $7.50 to $8.50 and gave the stock a “buy” rating in a report on Friday, August 16th. Barrington Research upgraded shares of National CineMedia from a “market perform” rating to an “outperform” rating and set a $7.50 price target on the stock in a research report on Tuesday, August 6th. Finally, Benchmark reaffirmed a “buy” rating and issued a $8.00 target price on shares of National CineMedia in a research note on Monday, September 23rd. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $7.88.

National CineMedia Stock Down 0.7 %

Shares of National CineMedia stock traded down $0.05 during midday trading on Monday, reaching $7.12. 361,677 shares of the company’s stock traded hands, compared to its average volume of 606,264. The company has a market cap of $687.60 million, a price-to-earnings ratio of 2.66 and a beta of 2.07. The company’s 50 day simple moving average is $6.88 and its 200 day simple moving average is $5.74. 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 52 week low of $3.63 and a 52 week high of $7.38.

National CineMedia (NASDAQ:NCMI) last announced its earnings results on Monday, August 5th. The business services provider reported ($0.09) EPS for the quarter, missing the consensus estimate of ($0.08) by ($0.01). The firm had revenue of $54.70 million during the quarter, compared to the consensus estimate of $49.87 million. National CineMedia had a return on equity of 3.50% and a net margin of 78.04%. During the same quarter last year, the business earned ($0.07) EPS. Equities analysts expect that National CineMedia will post -0.05 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. First Eagle Investment Management LLC lifted its holdings in National CineMedia by 37.6% during the first quarter. First Eagle Investment Management LLC now owns 1,966,355 shares of the business services provider’s stock worth $10,127,000 after acquiring an additional 537,822 shares in the last quarter. Harbor Capital Advisors Inc. lifted its holdings in National CineMedia by 270.0% during the second quarter. Harbor Capital Advisors Inc. now owns 208,649 shares of the business services provider’s stock worth $916,000 after acquiring an additional 152,251 shares in the last quarter. Rhumbline Advisers bought a new position in National CineMedia during the second quarter worth about $427,000. Bank of New York Mellon Corp bought a new position in National CineMedia during the second quarter worth about $979,000. Finally, Oppenheimer Asset Management Inc. lifted its holdings in 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 worth $123,000 after acquiring an additional 6,690 shares in the last quarter. 69.49% of the stock is currently owned by institutional investors.

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.