AMC Entertainment Receives a Buy from B. Riley

By Jason Carr

B. Riley analyst Eric Wold reiterated a Buy rating on AMC Entertainment (NYSE: AMC) on March 13 and set a price target of $47.50. The company’s shares opened today at $30.

According to TipRanks.com, Wold is a 5-star analyst with an average return of 9.9% and a 54.2% success rate. Wold covers the Services sector, focusing on stocks such as Salem Communications Corp, Reading International Inc, and Cinemark Holdings Inc.

Currently, the analyst consensus on AMC Entertainment is Moderate Buy and the average price target is $38.67, representing a 28.9% upside.

In a report issued on March 1, Wedbush also maintained a Buy rating on the stock with a $41 price target.

Based on AMC Entertainment’s latest earnings report for the quarter ending December 31, the company posted quarterly revenue of $926 million and quarterly net profit of $33.24 million. In comparison, last year the company earned revenue of $784 million and had a net profit of $41.62 million.

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.

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 theatrical exhibition business. It also owns, and operates or has interests in theatres primarily located in the United States. The company was founded on June 6, 2007 and is headquartered in Leawood, MO.