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 $13.79.
According to TipRanks.com, Goss is a 5-star analyst with an average return of 13.4% and a 61.1% 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 Strong Buy with an average price target of $20.20, implying a 46.5% upside from current levels. In a report issued on April 29, Wedbush also upgraded the stock to Buy with a $20 price target.
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Based on AMC Entertainment’s latest earnings release for the quarter ending December 31, the company reported a quarterly net profit of $171 million. In comparison, last year the company had a net profit of $17.7 million.
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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.
