AMC Entertainment (AMC) Receives a Buy from Barrington

Barrington analyst James Goss maintained a Buy rating on AMC Entertainment (AMC) today and set a price target of $22. The company’s shares opened today at $15.95.

Goss said:

“We are using a 2019‐based price target of $22. The stock had approached this level at the end of the third quarter but dropped in trading later in the year. Our target value assumes a roughly 8x EV/EBITDA multiple based on 2019 estimates. $0.80 dividend is a sizable 5.7%.”

According to TipRanks.com, Goss is a 5-star analyst with an average return of 15.9% and a 68.4% success rate. Goss covers the Services sector, focusing on stocks such as Lions Gate Ent Corp Cl A, Nexstar Media Group Inc, and Sirius XM Holdings Inc.

Currently, the analyst consensus on AMC Entertainment is a Moderate Buy with an average price target of $19.67, a 23.3% upside from current levels. In a report issued on April 8, B.Riley FBR also upgraded the stock to Buy with a $20 price target.

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The company has a one-year high of $20.70 and a one-year low of $11.66. Currently, AMC Entertainment has an average volume of 1.53M.

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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.