In a report released today, James Goss from Barrington maintained a Buy rating on AMC Entertainment (AMC), with a price target of $22. The company’s shares opened today at $15.10.
According to TipRanks.com, Goss is a 5-star analyst with an average return of 13.8% and a 67.8% success rate. Goss covers the Services sector, focusing on stocks such as Lions Gate Ent Corp Cl A, iPic Entertainment Inc, and Sirius XM Holdings Inc.
AMC Entertainment has an analyst consensus of Moderate Buy, with a price target consensus of $22.67, which is a 50.1% upside from current levels. In a report issued on October 31, Wedbush also upgraded the stock to Buy with a $25 price target.
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Based on AMC Entertainment’s latest earnings release for the quarter ending September 30, the company reported a quarterly GAAP net loss of $100 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.
