National CineMedia, Inc. (NASDAQ:NCMI) had its price target reduced by investment analysts at Credit Suisse Group from $8.00 to $7.00 in a research report issued on Thursday. The brokerage currently has a “neutral” rating on the business services provider’s stock. Credit Suisse Group’s price objective indicates a potential upside of 0.29% from the stock’s current price.

NCMI has been the topic of a number of other research reports. B. Riley reaffirmed a “buy” rating and issued a $14.00 price target on shares of National CineMedia in a report on Saturday, August 12th. BidaskClub cut shares of National CineMedia from a “sell” rating to a “strong sell” rating in a report on Saturday, July 8th. J P Morgan Chase & Co reaffirmed a “neutral” rating and issued a $8.00 price target (down previously from $12.00) on shares of National CineMedia in a report on Tuesday, August 8th. Wedbush assumed coverage on shares of National CineMedia in a report on Wednesday, August 2nd. They issued a “neutral” rating and a $6.50 price target on the stock. Finally, Zacks Investment Research raised shares of National CineMedia from a “sell” rating to a “hold” rating in a report on Saturday, August 12th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $11.80.

National CineMedia (NASDAQ NCMI) opened at 6.98 on Thursday. National CineMedia has a 52 week low of $5.12 and a 52 week high of $16.05. The company has a market cap of $423.09 million, a price-to-earnings ratio of 21.81 and a beta of 0.67. The stock’s 50 day moving average price is $5.86 and its 200-day moving average price is $8.63.

National CineMedia (NASDAQ:NCMI) last posted its quarterly earnings results on Monday, August 7th. The business services provider reported $0.03 EPS for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.04). The company had revenue of $97.10 million during the quarter, compared to the consensus estimate of $104.30 million. National CineMedia had a negative return on equity of 16.58% and a net margin of 4.56%. The company’s revenue for the quarter was down 15.9% compared to the same quarter last year. During the same period last year, the firm posted $0.11 EPS. On average, equities research analysts forecast that National CineMedia will post $0.29 earnings per share for the current fiscal year.

ILLEGAL ACTIVITY WARNING: This piece was reported by Watch List News and is owned by of Watch List News. If you are reading this piece on another publication, it was stolen and republished in violation of US & international trademark & copyright laws. The correct version of this piece can be viewed at https://www.watchlistnews.com/national-cinemedia-inc-ncmi-price-target-cut-to-7-00/1598698.html.

In other National CineMedia news, major shareholder American Multi-Cinema, Inc. sold 12,000,000 shares of the business’s stock in a transaction on Monday, September 18th. The shares were sold at an average price of $6.09, for a total transaction of $73,080,000.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 5.40% of the company’s stock.

A number of hedge funds have recently modified their holdings of the business. Blair William & Co. IL raised its holdings in National CineMedia by 2.8% during the 1st quarter. Blair William & Co. IL now owns 23,149 shares of the business services provider’s stock valued at $292,000 after acquiring an additional 632 shares during the period. Citigroup Inc. raised its holdings in National CineMedia by 3.5% during the 2nd quarter. Citigroup Inc. now owns 25,190 shares of the business services provider’s stock valued at $187,000 after acquiring an additional 844 shares during the period. OppenheimerFunds Inc. raised its holdings in National CineMedia by 1.1% during the 1st quarter. OppenheimerFunds Inc. now owns 121,226 shares of the business services provider’s stock valued at $1,531,000 after acquiring an additional 1,276 shares during the period. The Manufacturers Life Insurance Company raised its holdings in National CineMedia by 4.9% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 50,503 shares of the business services provider’s stock valued at $375,000 after acquiring an additional 2,341 shares during the period. Finally, American International Group Inc. raised its holdings in National CineMedia by 7.1% during the 1st quarter. American International Group Inc. now owns 37,901 shares of the business services provider’s stock valued at $479,000 after acquiring an additional 2,508 shares during the period. 85.38% of the stock is currently owned by institutional investors and hedge funds.

National CineMedia Company Profile

National CineMedia, Inc (NCM, Inc) is a holding company that manages its consolidated subsidiary National CineMedia, LLC (NCM LLC). The Company operates digital in-theater network in North America, allowing NCM LLC to sell advertising and certain third-party theater circuits under long-term network affiliate agreements.

Analyst Recommendations for National CineMedia (NASDAQ:NCMI)

Receive News & Ratings for National CineMedia Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for National CineMedia Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.