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Wedbush analyst Michael Pachter upgraded AMC Entertainment (NYSE: AMC) to Buy today and set a price target of $25. The company’s shares closed on Friday at $19.80, close to its 52-week high of $21.30.
According to TipRanks.com, Pachter is a 3-star analyst with an average return of 1.6% and a 53.8% success rate. Pachter covers the Services sector, focusing on stocks such as Pandora Media, Best Buy Co, and IMAX Corp.
AMC Entertainment has an analyst consensus of Strong Buy, with a price target consensus of $22.57, which is a 14.0% upside from current levels. In a report issued on September 6, Imperial Capital also maintained a Buy rating on the stock with a $23 price target.
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Based on AMC Entertainment’s latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of $22.2 million. In comparison, last year the company had a GAAP net loss of $177 million.
Based on the recent corporate insider activity of 29 insiders, corporate insider sentiment is negative on the stock.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
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.
