Benchmark Reiterates “Buy” Rating for National CineMedia (NASDAQ:NCMI)

National CineMedia (NASDAQ:NCMI)‘s stock had its “buy” rating reiterated by equities research analysts at Benchmark in a research report issued on Monday, Benzinga reports. They currently have a $8.00 price objective on the business services provider’s stock. Benchmark’s target price indicates a potential upside of 12.83% from the stock’s current price.

NCMI has been the topic of a number of other reports. Barrington Research raised National CineMedia from a “market perform” rating to an “outperform” rating and set a $7.50 price objective on the stock in a research note on Tuesday, August 6th. B. Riley boosted their price target 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, Wedbush reaffirmed a “neutral” rating and set a $6.00 price objective on shares of National CineMedia in a research report on Tuesday, August 6th. One 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. Based on data from MarketBeat.com, National CineMedia currently has an average rating of “Hold” and an average target price of $7.50.

National CineMedia Price Performance

Shares of NCMI opened at $7.09 on Monday. The business has a 50-day moving average of $6.37 and a 200-day moving average of $5.35. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.45 and a quick ratio of 2.45. The company has a market capitalization of $684.70 million, a price-to-earnings ratio of 0.21 and a beta of 2.08. National CineMedia has a 1 year low of $3.51 and a 1 year high of $7.14.

National CineMedia (NASDAQ:NCMI) last posted its quarterly earnings data on Monday, August 5th. The business services provider reported ($0.09) EPS for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.01). National CineMedia had a net margin of 78.04% and a return on equity of 3.50%. The firm had revenue of $54.70 million during the quarter, compared to the consensus estimate of $49.87 million. During the same period in the prior year, the company posted ($0.07) earnings per share. As a group, equities research analysts anticipate that National CineMedia will post -0.02 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. SG Americas Securities LLC bought a new position in shares of National CineMedia in the 2nd quarter worth $56,000. Fermata Advisors LLC bought a new position in shares of National CineMedia in the second quarter valued at $92,000. Bayesian Capital Management LP acquired a new position in shares of National CineMedia during the first quarter valued at about $104,000. Oppenheimer Asset Management Inc. increased its position in shares of National CineMedia by 38.9% during the first 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. Finally, The Manufacturers Life Insurance Company acquired a new stake in shares of National CineMedia in the 2nd quarter worth about $124,000. 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.