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

National CineMedia (NASDAQ:NCMI) had its price target lifted by equities research analysts at Barrington Research from $7.50 to $8.25 in a report issued on Wednesday,Benzinga reports. The firm presently has an “outperform” rating on the business services provider’s stock. Barrington Research’s target price indicates a potential upside of 24.91% from the company’s previous close. 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.

A number of other research analysts also recently commented on NCMI. Wedbush restated 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. B. Riley boosted their target price on National CineMedia from $7.50 to $8.50 and gave the company a “buy” rating in a research note on Friday, August 16th. Finally, Benchmark restated a “buy” rating and issued a $8.00 target price on shares of National CineMedia in a research note on Monday, September 23rd. One analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $8.06.

National CineMedia Stock Performance

Shares of NCMI stock opened at $6.61 on Wednesday. National CineMedia has a 1-year low of $3.63 and a 1-year high of $7.39. The company has a current ratio of 2.45, a quick ratio of 2.45 and a debt-to-equity ratio of 0.03. The company has a market capitalization of $637.84 million, a price-to-earnings ratio of 2.46 and a beta of 2.07. The stock’s fifty day simple moving average is $6.88 and its 200-day simple moving average is $5.79.

National CineMedia (NASDAQ:NCMI) last issued its quarterly earnings results on Tuesday, November 5th. The business services provider reported ($0.04) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.01). National CineMedia had a net margin of 78.04% and a return on equity of 3.50%. The business had revenue of $62.40 million for the quarter, compared to analysts’ expectations of $58.20 million. During the same quarter in the prior year, the firm posted $0.33 EPS. On average, sell-side analysts predict that National CineMedia will post -0.05 earnings per share for the current fiscal year.

Hedge Funds Weigh In On National CineMedia

Several large investors have recently made changes to their positions in the business. Vanguard Group Inc. lifted its position in shares of 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 purchasing an additional 18,347 shares during the last quarter. First Eagle Investment Management LLC lifted its position in shares of National CineMedia by 37.6% during the 1st quarter. First Eagle Investment Management LLC now owns 1,966,355 shares of the business services provider’s stock worth $10,127,000 after purchasing an additional 537,822 shares during the last quarter. Ancora Advisors LLC lifted its position in shares of National CineMedia by 64.2% during the 1st quarter. Ancora Advisors LLC now owns 1,136,476 shares of the business services provider’s stock worth $5,853,000 after purchasing an additional 444,433 shares during the last quarter. Luxor Capital Group LP lifted its position in shares of National CineMedia by 1,581.1% during the 2nd quarter. Luxor Capital Group LP now owns 490,809 shares of the business services provider’s stock worth $2,155,000 after purchasing an additional 461,614 shares during the last quarter. Finally, Harbor Capital Advisors Inc. lifted its position in shares of National CineMedia by 124.9% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 469,338 shares of the business services provider’s stock worth $3,309,000 after purchasing an additional 260,689 shares during the last quarter. 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.