AMC Entertainment Receives a Buy from Benchmark Co.

By Carrie Williams

Benchmark Co. analyst Mike Hickey reiterated a Buy rating on AMC Entertainment (NYSE: AMC) today and set a price target of $42.72. The company’s shares closed yesterday at $33.95, close to its 52-week high of $35.65.

According to TipRanks.com, Hickey is a 5-star analyst with an average return of 10.0% and a 66.3% success rate. Hickey covers the Services sector, focusing on stocks such as Cinemark Holdings Inc, Regal Entertainment, and National Cinemedia.

Currently, the analyst consensus on AMC Entertainment is Strong Buy and the average price target is $39.93, representing a 17.6% upside.

In a report issued on November 16, B. Riley also reiterated a Buy rating on the stock with a $40 price target.

AMC Entertainment’s market cap is currently $3.3B and has a P/E ratio of 26.94. The company has a book value ratio of 2.1106.

Based on the recent corporate insider activity of 29 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 AMC in relation to earlier this year.

AMC Entertainment Holdings, Inc. is principally involved in the theatrical exhibition business and owns, operates and has interests in theatres primarily located in the United States. The company owns and operates movie theatres, which are primarily located in major metropolitan markets. It offers consumers with a fully immersive out-of-home entertainment experience by featuring a wide array of entertainment alternatives, including popular movies, throughout the day and at different price points. In addition to traditional film programming, the company also offers more diversified programming that includes independent and foreign films, performing arts, music and sports. It also offers food and beverage alternatives beyond traditional concession items, including made-to-order meals, customized coffee, healthy snacks and dine-in theatre options, all designed to create further service and selection for its consumers. AMC Entertainment Holdings was founded on June 6, 2007 and is headquartered in Leawood, MO.