Barrington analyst James Goss maintained a Buy rating on Marcus Corp (MCS) today and set a price target of $49. The company’s shares opened today at $33.32, close to its 52-week low of $31.90.
Goss noted:
“We reaffirm our OUTPERFORM investment rating: Our price target remains $49. Marcus’ annual dividend of $0.64 per share (the company has increased it every year since 2014) provides a 1.9% yield.”
According to TipRanks.com, Goss is a 5-star analyst with an average return of 10.7% and a 60.9% 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.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Marcus Corp with a $47.50 average price target, which is a 42.6% upside from current levels. In a report issued on July 16, B.Riley FBR also reiterated a Buy rating on the stock with a $46 price target.
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The company has a one-year high of $45.82 and a one-year low of $31.90. Currently, Marcus Corp has an average volume of 186.2K.
Based on the recent corporate insider activity of 69 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of MCS in relation to earlier this year. Most recently, in May 2019, Philip Milstein, a Director at MCS bought 500 shares for a total of $5,390.
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Marcus Corp. engages in operating movie theatres, hotels, and resorts. It operates through the following business segments: Theatres, Hotels & Resorts, and Corporate Items. The Theatres segment includes multiscreen motion picture theatres and a family entertainment center. The Hotels & Resorts segment owns and operates full service hotels and resorts.
