National CineMedia (NASDAQ:NCMI) Given New $8.25 Price Target at Barrington Research

National CineMedia (NASDAQ:NCMI) had its price objective upped by Barrington Research from $7.50 to $8.25 in a research note released on Wednesday,Benzinga reports. The firm 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.

Other equities research analysts also recently issued research reports about the company. 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. Benchmark reiterated a “buy” rating and issued a $8.00 price target on shares of National CineMedia in a research note on Monday, September 23rd. Finally, Wedbush reaffirmed a “neutral” rating and issued a $7.50 price objective (up from $6.00) on shares of National CineMedia in a report on Monday, November 4th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the company. According to MarketBeat, National CineMedia currently has an average rating of “Hold” and an average target price of $8.06.

National CineMedia Stock Performance

Shares of NCMI traded down $0.31 during trading hours on Wednesday, hitting $6.30. The company had a trading volume of 694,643 shares, compared to its average volume of 509,402. The business has a fifty day moving average of $6.86 and a 200-day moving average of $5.80. The company has a quick ratio of 2.45, a current ratio of 2.46 and a debt-to-equity ratio of 0.03. The firm has a market cap of $598.00 million, a price-to-earnings ratio of -25.20 and a beta of 2.07. National CineMedia has a 12 month low of $3.63 and a 12 month high of $7.39.

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. grew 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 acquiring an additional 18,347 shares during the last quarter. First Eagle Investment Management LLC increased its stake in shares of National CineMedia by 37.6% in the first 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 period. Ancora Advisors LLC raised its holdings in National CineMedia by 64.2% in the 1st quarter. Ancora Advisors LLC now owns 1,136,476 shares of the business services provider’s stock valued at $5,853,000 after buying an additional 444,433 shares during the last quarter. Luxor Capital Group LP boosted its position in 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 buying an additional 461,614 shares during the period. Finally, Harbor Capital Advisors Inc. grew its holdings in 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 acquiring an additional 260,689 shares during the last quarter. Institutional investors own 69.49% of the company’s stock.

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.