Barrington analyst James Goss maintained a Buy rating on AMC Entertainment (NYSE: AMC) today and set a price target of $20. The company’s shares closed yesterday at $16.45.
According to TipRanks.com, Goss is a 5-star analyst with an average return of 12.6% and a 61.8% success rate. Goss covers the Services sector, focusing on stocks such as Lions Gate Ent Corp Cl A, Sirius XM Holdings Inc, and Cinemark Holdings Inc.
Currently, the analyst consensus on AMC Entertainment is Moderate Buy and the average price target is $23, representing a 39.8% upside.
In a report issued on May 2, 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 March 31, the company reported a quarterly net profit of $17.7 million. In comparison, last year the company had a net profit of $8.4 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.
