National CineMedia, Inc. (NCMI) Increases Again; Strong Momentum for Buyers

James Marshall
August 4, 2017

Wedbush initiated coverage on shares of National CineMedia, Inc.

On the other hand National Cinemedia (NASDAQ:NCMI) has Relative Strength Index (RSI 14) of 26.48 along with Average True Range (ATR 14) of 0.33. FBR Capital raised the price target and upgraded the stock on May 12 changing the price target from $15.00 to $17.50 and raising the rating from "Market Perform" to "Outperform".

On 5/5/2017 National CineMedia announced a quarterly dividend of $0.22 10.16% with an ex dividend date of 5/16/2017 which will be payable on 6/1/2017.

A number of research firms recently weighed in on NCMI. Barrington Research lowered shares of National CineMedia from an "outperform" rating to a "market perform" rating in a research note on Friday, May 5th. Looking at the stock's movement on the chart, National CineMedia, Inc. recorded a 52-week high of $16.10. The stock has "Neutral" rating by M Partners on Tuesday, November 10. The company's Relative Strength Index which shows price strength now stands at 26.48. (NASDAQ:NCMI) was down -17.77% at $5.97 on Wednesday, in a 52-week range of $6.97 to $16.10 and with a consensus analyst target price of $11.83. The company's stock had a trading volume of 2,918,144 shares. The stock's 50 day moving average price is $7.44 and its 200 day moving average price is $10.54.

The company now has a P/E ratio of 16.42 and market capitalization is 405.99M.

While having a peek at profitability ratios National Cinemedia (NASDAQ:NCMI) has trailing twelve month gross margin at 72.1%, its trailing twelve month operating margin stands at 36.5% whereas its trailing twelve month net profit margin spots at 5.6%.

National CineMedia (NASDAQ:NCMI) last issued its quarterly earnings data on Thursday, May 4th. After $0.21 actual EPS reported by Jabil Inc for the previous quarter, Wall Street now forecasts 157.14% EPS growth. The company had revenue of $71.90 million for the quarter, compared to the consensus estimate of $73.82 million. National Cinemedia (NASDAQ:NCMI) has trailing twelve month Return on Assets of 2.3%, which is key indicator of how profitable a company is relative to its total assets. Equities analysts anticipate that National CineMedia will post $0.32 earnings per share for the current fiscal year.

ILLEGAL ACTIVITY NOTICE: "Stifel Financial Corp Invests $186,000 in National CineMedia, Inc. (NASDAQ:NCMI) Now Covered by Analysts at Wedbush" was first published by Markets Daily and is owned by of Markets Daily. If you are viewing this piece of content on another domain, it was illegally copied and republished in violation of United States & worldwide copyright laws. At yields like these, it's understandable that investors would start to worry about the future of their payouts, especially since the company has a history of playing it safe in the dividend arena.

Going from the most bullish analyst price target to below consensus is one thing.

On 3/15/2016 Paula Williams Madison, Director, sold 7,468 with an average share price of $14.66 per share and the total transaction amounting to $109,480.88.

Identifying stocks that are overbought or oversold can be an important part of establishing viable trade entries. Janney Montgomery Scott LLC raised its position in shares of National CineMedia by 25.4% in the first quarter. On Friday, June 2 the stock rating was maintained by Jefferies with "Hold". The insider now directly owns 59,633 shares worth $356,009. New Jersey Better Educational Savings Trust increased its stake in shares of National CineMedia by 60.0% in the second quarter. Finally, Oppenheimer Asset Management Inc. bought a new position in shares of National CineMedia during the first quarter worth approximately $161,000. Schwab Charles Investment Management Inc. now owns 462,379 shares of the business services provider's stock valued at $3,431,000 after buying an additional 55,570 shares during the period.

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