.jpg "National Cinemedia (NASDAQ: NCMI)")
B.Riley FBR analyst Eric Wold reiterated a Buy rating on National Cinemedia (NCMI) today and set a price target of $9.75. The company’s shares closed yesterday at $7.46.
Wold noted:
“After the close CineMedia (NCMI) reported 1Q19 results that came in below expectations—as the record make good balance entering the year faced some challenges from the weak January/February attendance and some advertisers’ decision to shift the spend to later in the year. While we were disappointed to see the 1Q19 miss given our preview for a stronger quarter, we came away positive that both utilization and CPMs showed solid growth and that management kept the full-year guidance unchanged on improved visibility into 2H on upfront commitments, the strengthening film slate and the make good balance shift.”
According to TipRanks.com, Wold is ranked 0 out of 5 stars with an average return of -3.2% and a 41.9% success rate. Wold covers the Services sector, focusing on stocks such as Reading International Inc, Cinemark Holdings Inc, and AMC Entertainment.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for National Cinemedia with a $9.75 average price target.
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National Cinemedia’s market cap is currently $574.2M and has a P/E ratio of 19.55. The company has a Price to Book ratio of -1.56.
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National CineMedia, Inc. is a holding company, which engages in the provision of advertising, business meetings, event services, and third-party theatre circuits under network affiliate agreements. It owns and operates the digital in-theatre network, which is used to distribute content for its advertising promotions, Fathom Events.
