In a report released today, James Goss from Barrington maintained a Buy rating on AMC Entertainment (AMC). The company’s shares closed yesterday at $9.81, close to its 52-week low of $8.73.
Goss commented:
“We remain optimistic that the full-year box office could match last year’s $11.9 billion record or at least come fairly close. A new record is not impossible but might require a surprise hit or two.”
According to TipRanks.com, Goss is a 4-star analyst with an average return of 6.3% and a 50.0% 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.
AMC Entertainment has an analyst consensus of Moderate Buy, with a price target consensus of $15.75, implying a 60.6% upside from current levels. In a report issued on July 9, 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 March 31, the company reported a quarterly GAAP net loss of $130 million. In comparison, last year the company had a net profit of $22.2 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.
