In a report released today, Michael Pachter from Wedbush upgraded AMC Entertainment (AMC) to Buy, with a price target of $25. The company’s shares closed yesterday at $18.13.
According to TipRanks.com, Pachter is a 1-star analyst with an average return of -1.6% and a 47.1% success rate. Pachter covers the Services sector, focusing on stocks such as Cinemark Holdings Inc, Best Buy Co, and Dillard’s.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for AMC Entertainment with a $24.25 average price target, implying a 33.8% upside from current levels. In a report released today, B.Riley FBR also reiterated a Buy rating on the stock with a $29 price target.
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Based on AMC Entertainment’s latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of $22.2 million. In comparison, last year the company had a GAAP net loss of $42.7 million.
Based on the recent corporate insider activity of 31 insiders, corporate insider sentiment is negative on the stock.
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AMC Entertainment Holdings, Inc. engages in the theatrical exhibition business through its subsidiaries. It operates through the United States Markets and International Markets segments. The company was founded on June 6, 2007 and is headquartered in Leawood, KS.
