National CineMedia (NASDAQ:NCMI) Price Target Raised to $8.25

National CineMedia (NASDAQ:NCMI) had its price objective lifted by Barrington Research from $7.50 to $8.25 in a research report released on Wednesday,Benzinga reports. The brokerage currently has an outperform rating on the business services provider’s stock. Barrington Research also issued estimates for National CineMedia’s Q4 2024 earnings at $0.08 EPS, FY2024 earnings at ($0.24) EPS, Q3 2025 earnings at $0.11 EPS, Q4 2025 earnings at $0.16 EPS, FY2025 earnings at $0.21 EPS and FY2026 earnings at $0.40 EPS.

Several other equities research analysts also recently commented on NCMI. Wedbush reaffirmed a “neutral” rating and issued a $7.50 target price (up previously from $6.00) on shares of National CineMedia in a research note on Monday, November 4th. Benchmark restated a “buy” rating and issued a $8.00 price objective on shares of National CineMedia in a research report on Monday, September 23rd. Finally, B. Riley lifted their target price on National CineMedia from $7.50 to $8.50 and gave the stock a “buy” rating in a report on Friday, August 16th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $8.06.

National CineMedia Price Performance

Shares of NASDAQ:NCMI traded down $0.31 during midday trading on Wednesday, reaching $6.30. 694,643 shares of the company’s stock were exchanged, compared to its average volume of 509,402. National CineMedia has a 12 month low of $3.63 and a 12 month high of $7.39. The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.45 and a current ratio of 2.46. The firm has a market capitalization of $598.00 million, a PE ratio of -25.20 and a beta of 2.07. The company’s 50 day simple moving average is $6.86 and its two-hundred day simple moving average is $5.80.

National CineMedia (NASDAQ:NCMI) last posted its quarterly earnings results on Tuesday, November 5th. The business services provider reported ($0.04) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.03) by ($0.01). The company had revenue of $62.40 million during the quarter, compared to the consensus estimate of $58.20 million. National CineMedia had a negative return on equity of 2.61% and a negative net margin of 9.49%. During the same quarter in the prior year, the business earned $0.33 earnings per share. Equities research analysts expect that National CineMedia will post -0.06 earnings per share for the current fiscal year.

Institutional Investors Weigh In On National CineMedia

A number of hedge funds and other institutional investors have recently bought and sold shares of NCMI. Oppenheimer Asset Management Inc. grew its stake in shares of National CineMedia by 38.9% during the 1st 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. First Eagle Investment Management LLC increased its stake in National CineMedia by 37.6% in the 1st quarter. First Eagle Investment Management LLC now owns 1,966,355 shares of the business services provider’s stock valued at $10,127,000 after buying an additional 537,822 shares during the last quarter. Vanguard Group Inc. lifted its position in National CineMedia by 0.5% during the 1st quarter. Vanguard Group Inc. now owns 3,584,556 shares of the business services provider’s stock worth $18,460,000 after buying an additional 18,347 shares in the last quarter. Quadrature Capital Ltd acquired a new position in shares of National CineMedia during the 1st quarter worth about $298,000. Finally, Gendell Jeffrey L acquired a new position in shares of National CineMedia during the 1st quarter worth about $2,352,000. Institutional investors and hedge funds own 69.49% of the company’s stock.

National CineMedia Company Profile

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.