National Cinemedia Receives a Buy from B. Riley

By Austin Angelo

B. Riley analyst Eric Wold reiterated a Buy rating on National Cinemedia (NASDAQ: NCMI) today and set a price target of $18.75. The company’s shares opened today at $14.37.

According to TipRanks.com, Wold is a 5-star analyst with an average return of 11.2% and a 61.1% success rate. Wold covers the Services sector, focusing on stocks such as Salem Communications Corp., Reading International Inc, and Cinemark Holdings Inc.

Currently, the analyst consensus on National Cinemedia is Strong Buy and the average price target is $17.07, representing a 18.8% upside.

In a report released today, Benchmark Co. also reiterated a Buy rating on the stock with a $18.08 price target.

Based on National Cinemedia’s latest earnings report from June 30, the company posted quarterly revenue of $115.4M and quarterly net profit of $6.8M. In comparison, last year the company earned revenue of $111.7M and had a net profit of $7.7M.

Based on the recent corporate insider activity of 40 insiders, corporate insider sentiment is neutral on the stock. Most recently, in March 2016, Paula Williams Madison, a Director at NCMI sold 7,468 shares for a total of $109,406.

National CineMedia, Inc. is a holding company that 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 in North America, which is used to distribute content for its advertising promotions, Fathom Events. The company operates through the Advertising and Fathom Events; and Other. The Advertising segment develops, produces, sells and distributes several versions of a branded pre-feature entertainment and advertising program called First Look on theatre screens and advertising programming on lobby entertainment network. The Fathom Events and Other segment produces, markets and distributes entertainment programming through the Fathom Consumer division and multi-site corporate communication and marketing events through the Fathom Business division to theatres across its DCN and DBN. The company was founded on October 5, 2006 and is headquartered in Centennial, CO.