In a report released today, Eric Wold from B.Riley FBR maintained a Buy rating on National Cinemedia (NCMI), with a price target of $6.50. The company’s shares closed last Monday at $3.32.
According to TipRanks.com, Wold has 0 stars on 0-5 stars ranking scale with an average return of -20.5% and a 22.6% success rate. Wold covers the Services sector, focusing on stocks such as Dolby Laboratories, Cinemark Holdings, and AMC Entertainment.
National Cinemedia has an analyst consensus of Moderate Buy, with a price target consensus of $6.50.
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Based on National Cinemedia’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $147 million and net profit of $19.1 million. In comparison, last year the company earned revenue of $137 million and had a net profit of $16.3 million.
Based on the recent corporate insider activity of 26 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of NCMI in relation to earlier this year.
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National CineMedia, Inc. is a holding company. It engages in the provision of advertising, business meetings, event services, and third-party theatre circuits under network affiliate agreements. The firm owns and operates the digital in-theatre network, which is used to distribute content for its advertising promotions, Fathom Events. National CineMedia was founded on October 5, 2006 and is headquartered in Centennial, CO.
