Analysts Set National CineMedia, Inc. (NASDAQ:NCMI) Price Target at $5.38

Shares of National CineMedia, Inc. (NASDAQ:NCMI) have earned an average recommendation of “Moderate Buy” from the six analysts that are currently covering the company, MarketBeat.com reports. Three analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $5.3750.

A number of brokerages have weighed in on NCMI. Benchmark decreased their target price on National CineMedia from $7.00 to $6.00 and set a “buy” rating for the company in a research report on Wednesday, January 7th. Zacks Research raised National CineMedia from a “strong sell” rating to a “hold” rating in a research report on Thursday, December 18th. Weiss Ratings raised National CineMedia from a “sell (d-)” rating to a “hold (c-)” rating in a research report on Friday, February 27th. Barrington Research decreased their target price on National CineMedia from $6.50 to $5.50 and set an “outperform” rating for the company in a research report on Monday, January 26th. Finally, B. Riley Financial decreased their target price on National CineMedia from $5.00 to $4.00 and set a “neutral” rating for the company in a research report on Thursday, January 22nd.

Insiders Place Their Bets

In other National CineMedia news, EVP Maria Vg Woods sold 12,066 shares of the business’s 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 completion of the transaction, the executive vice president owned 143,097 shares of the company’s stock, valued at approximately $435,014.88. The trade was a 7.78% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 1.70% of the company’s stock.

Institutional Investors Weigh In On National CineMedia

Large investors have recently made changes to their positions in the company. Strs Ohio bought a new stake in shares of National CineMedia during the 1st quarter valued at about $43,000. Quantbot Technologies LP bought a new stake in shares of National CineMedia during the 3rd quarter valued at about $34,000. Graham Capital Management L.P. bought a new stake in shares of National CineMedia during the 4th quarter valued at about $40,000. BNP Paribas Financial Markets grew its stake in shares of National CineMedia by 103.2% during the 3rd quarter. BNP Paribas Financial Markets now owns 12,895 shares of the business services provider’s stock valued at $58,000 after purchasing an additional 6,549 shares during the period. Finally, Inscription Capital LLC bought a new stake in shares of National CineMedia during the 3rd quarter valued at about $58,000. 69.49% of the stock is currently owned by institutional investors.

National CineMedia Price Performance

Shares of NASDAQ:NCMI opened at $3.38 on Friday. National CineMedia has a 1-year low of $2.92 and a 1-year high of $6.18. The business has a fifty day moving average price of $3.34 and a 200-day moving average price of $3.81. The company has a market capitalization of $315.29 million, a PE ratio of -33.80 and a beta of 1.40. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.22 and a quick ratio of 2.22.

National CineMedia (NASDAQ:NCMI) last issued its earnings results on Thursday, February 26th. The business services provider reported $0.28 earnings per share 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, equities analysts expect that National CineMedia will post -0.12 EPS for the current fiscal year.

National CineMedia Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 23rd. Shareholders of record on Monday, March 9th were given 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 3.6%. National CineMedia’s payout ratio is -120.00%.

About National CineMedia

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.