Analysts Set AMC Entertainment Holdings Inc (NYSE:AMC) Price Target at $36.26

Shares of AMC Entertainment Holdings Inc (NYSE:AMC) have been assigned a consensus rating of “Buy” from the fifteen ratings firms that are covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, three have given a hold recommendation and eleven have issued a buy recommendation on the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $34.88.

Shares of AMC Entertainment Holdings (NYSE:AMC) traded down 4.88% on Monday, reaching $22.83. 33,857 shares of the company’s stock traded hands. The company’s 50-day moving average price is $24.57 and its 200 day moving average price is $27.64. AMC Entertainment Holdings has a one year low of $22.38 and a one year high of $36.13. The firm has a market cap of $2.22 billion and a P/E ratio of 24.55.

AMC Entertainment Holdings (NYSE:AMC) last released its earnings results on Monday, November 2nd. The company reported $0.12 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.17 by $0.05. During the same period in the prior year, the company earned $0.08 earnings per share. The firm had revenue of $688.84 million for the quarter, compared to analysts’ expectations of $701.59 million. The firm’s revenue for the quarter was up 8.7% on a year-over-year basis. On average, equities analysts forecast that AMC Entertainment Holdings will post $1.08 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Monday, December 21st. Shareholders of record on Monday, December 7th were issued a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 3.33%. The ex-dividend date was Thursday, December 3rd.

In other news, CMO Stephen A. Colanero sold 1,250 shares of the firm’s stock in a transaction on Tuesday, December 1st. The shares were sold at an average price of $25.51, for a total transaction of $31,887.50. Following the sale, the chief marketing officer now owns 24,366 shares in the company, valued at approximately $621,576.66. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

A number of research analysts have recently weighed in on AMC shares. B. Riley reissued a “buy” rating and set a $37.00 target price on shares of AMC Entertainment Holdings in a research report on Monday, October 26th. Topeka Capital Markets cut their price objective on shares of AMC Entertainment Holdings from $30.00 to $28.00 and set a “hold” rating for the company in a report on Friday, October 2nd. Stifel Nicolaus cut their price objective on shares of AMC Entertainment Holdings from $40.00 to $30.00 and set a “buy” rating for the company in a report on Monday. Barclays cut their price objective on shares of AMC Entertainment Holdings from $30.00 to $29.00 and set an “overweight” rating for the company in a report on Tuesday, October 20th. Finally, MKM Partners reaffirmed a “buy” rating on shares of AMC Entertainment Holdings in a report on Sunday.

12 Month Chart for NYSE:AMC

AMC Entertainment Holdings, Inc. is a holding company. The Company, through its subsidiaries, including AMC Entertainment Inc. (NYSE:AMC) and American Multi-Cinema, Inc. (OpCo), is engaged in the theatrical exhibition business. The Company owns, operates or holds interests in approximately 380 theatres with a total of over 5,260 screens, which are located in the United States. It offers a range of food and beverage items, which include popcorn; soft drinks; candy; hot dogs; specialty drinks, including premium beers, wine and mixed drinks, and made to order hot foods, including menu choices, such as curly fries, chicken tenders and mozzarella sticks. The Company has implemented dine-in theatre concepts, including AMC Red Kitchen at approximately 16 locations, which features kitchen facilities, seat-side servers, and a separate bar and lounge area. The Company licenses first-run films from distributors owned by film production companies and from independent distributors.

 

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