National CineMedia, Inc. (NASDAQ:NCMI) Stock Has Consensus Target Price of $4.81

Key Points

• Analyst sentiment is moderately positive: National CineMedia has a consensus “Moderate Buy” rating, split between three buy and three hold recommendations, with an average 1-year price target of $4.81.
• The stock is trading well below analysts’ targets: NCMI opened at $2.11, near its 1-year low of $2.00 and below its 50-day and 200-day moving averages of $2.81 and $3.23, respectively.
• Recent financial results fell short of expectations: The company reported a quarterly loss of $0.10 per share versus the $0.09 expected, while revenue of $58.4 million missed the $59.34 million consensus estimate.

Shares of National CineMedia, Inc. (NASDAQ:NCMI - Get Free Report) have received a consensus recommendation of "Moderate Buy" from the six ratings firms that are presently covering the stock, MarketBeat reports. Three investment analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $4.81.

A number of research analysts have recently commented on the stock. Weiss Ratings raised shares of National CineMedia from a "sell (d+)" rating to a "hold (c-)" rating in a research report on Friday, August 21st. Barrington Research set a $4.25 price target on National CineMedia in a research note on Wednesday, August 12th. Zacks Research raised National CineMedia from a "strong sell" rating to a "hold" rating in a report on Wednesday, September 9th. Wall Street Zen lowered National CineMedia from a "hold" rating to a "sell" rating in a report on Sunday, September 6th. Finally, Wedbush set a $5.00 price objective on National CineMedia and gave the company an "outperform" rating in a research report on Wednesday, August 12th.

National CineMedia Stock Down 0.5%

NCMI opened at $2.11 on Friday. The business has a 50 day moving average of $2.81 and a 200-day moving average of $3.23. The stock has a market capitalization of $197.88 million, a price-to-earnings ratio of -23.44 and a beta of 1.61. The company has a current ratio of 1.84, a quick ratio of 1.84 and a debt-to-equity ratio of 0.04. National CineMedia has a 1-year low of $2.00 and a 1-year high of $4.56.

National CineMedia (NASDAQ:NCMI - Get Free Report) last announced its earnings results on Tuesday, August 11th. The business services provider reported ($0.10) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.09) by ($0.01). National CineMedia had a negative return on equity of 1.31% and a negative net margin of 3.05%.The company had revenue of $58.40 million for the quarter, compared to the consensus estimate of $59.34 million. As a group, sell-side analysts anticipate that National CineMedia will post 0.17 earnings per share for the current year.

Insider Transactions at National CineMedia

In other news, insider Maria Woods sold 12,189 shares of the stock in a transaction on Thursday, October 1st. The shares were sold at an average price of $2.09, for a total value of $25,475.01. Following the completion of the transaction, the insider owned 176,806 shares in the company, valued at approximately $369,524.54. This represents a 6.45% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.70% of the stock is owned by company insiders.

Institutional Trading of National CineMedia

Institutional investors have recently made changes to their positions in the business. Wellington Management Group LLP raised its position in National CineMedia by 16.0% in the second quarter. Wellington Management Group LLP now owns 3,220,165 shares of the business services provider's stock worth $12,237,000 after purchasing an additional 444,984 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in National CineMedia by 3.2% during the first quarter. Dimensional Fund Advisors LP now owns 1,997,905 shares of the business services provider's stock valued at $6,094,000 after purchasing an additional 62,395 shares in the last quarter. Luxor Capital Group LP grew its stake in shares of National CineMedia by 61.3% in the 1st quarter. Luxor Capital Group LP now owns 1,820,737 shares of the business services provider's stock valued at $5,553,000 after purchasing an additional 691,879 shares during the period. Bank of New York Mellon Corp bought a new stake in shares of National CineMedia in the 2nd quarter valued at approximately $2,653,000. Finally, Zazove Associates LLC grew its stake in shares of National CineMedia by 78.3% in the 1st quarter. Zazove Associates LLC now owns 458,939 shares of the business services provider's stock valued at $1,400,000 after purchasing an additional 201,564 shares during the period. 69.49% of the stock is currently owned by institutional investors and hedge funds.

About National CineMedia

National CineMedia, LLC NASDAQ: NCMI is a cinema advertising company that connects brands with moviegoers through advertising and entertainment content shown in movie theaters. Its core offering is the FirstLook pre-show, which combines national and local advertising with entertainment programming before feature films.

The company provides on-screen advertising, lobby promotions, digital and experiential marketing, and other cinema-based campaigns. Its services are designed to help national, regional and local advertisers reach audiences in a theatrical environment, often in coordination with movie releases and other entertainment events.

National CineMedia primarily serves the United States through relationships with cinema operators and theater locations across the country.

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