B.Riley FBR Thinks AMC Entertainment’s Stock is Going to Recover


B.Riley FBR analyst Eric Wold maintained a Buy rating on AMC Entertainment (AMC) today and set a price target of $20. The company’s shares closed yesterday at $13, close to its 52-week low of $11.66.

Wold wrote:

“We are applying a blended multiple to our consolidated 2019 EBITDA estimate of 8.1x, which is comprised of 8.0x for domestic operations and 8.5x for Odeon/Nordic operations. This yields a PT of $20.”

According to TipRanks.com, Wold ‘s ranking currently consits of no stars on a 0-5 ranking scale, with an average return of -5.0% and a 36.0% success rate. Wold covers the Services sector, focusing on stocks such as Reading International Inc, Cinemark Holdings Inc, and National Cinemedia.

Currently, the analyst consensus on AMC Entertainment is a Strong Buy with an average price target of $19.17, implying a 47.5% upside from current levels. In a report issued on May 9, Wedbush 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 1.79M.

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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.

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