B.Riley Financial analyst Eric Wold reiterated a Buy rating on AMC Entertainment (AMC) today and set a price target of $13.00. The company’s shares closed last Thursday at $9.00.
According to TipRanks.com, Wold is a 5-star analyst with an average return of 28.6% and a 62.7% success rate. Wold covers the Services sector, focusing on stocks such as National Cinemedia, Cinemark Holdings, and Cedar Fair.
Currently, the analyst consensus on AMC Entertainment is a Hold with an average price target of $6.38.
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Based on AMC Entertainment’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $163 million and GAAP net loss of $946 million. In comparison, last year the company earned revenue of $1.45 billion and had a GAAP net loss of $13.5 million.
Based on the recent corporate insider activity of 58 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of AMC in relation to earlier this year.
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 United States segment involves in the activity in the U.S. specifically in New York, Los Angeles, Chicago, Atlanta, and Washington, D.C..The International Markets segment focuses its operations in the United Kingdom, Germany, Spain, Italy, Ireland, Portugal, Sweden, Finland, Estonia, Latvia, Lithuania, Norway, and Denmark. The company was founded on June 6, 2007 and is headquartered in Leawood, KS.
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