After Imperial Capital and B.Riley FBR gave AMC Entertainment (NYSE: AMC) a Buy rating last month, the company received another Buy, this time from Barrington. Analyst James Goss maintained a Buy rating on AMC Entertainment today and set a price target of $22. The company’s shares opened today at $20, close to its 52-week high of $20.70.
According to TipRanks.com, Goss is a 5-star analyst with an average return of 15.8% and a 74.3% success rate. Goss covers the Services sector, focusing on stocks such as Lions Gate Ent Corp Cl A, Sirius XM Holdings Inc, and iPic Entertainment Inc.
Currently, the analyst consensus on AMC Entertainment is a Moderate Buy with an average price target of $24.
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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 30 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.
