AMC Entertainment (NYSE:AMC) Given a $15.00 Price Target by Wedbush Analysts

AMC Entertainment (NYSE:AMC) has been given a $15.00 target price by investment analysts at Wedbush in a research report issued to clients and investors on Monday, TipRanks reports. The brokerage currently has a “buy” rating on the stock. Wedbush’s target price would suggest a potential upside of 51.98% from the stock’s previous close. Wedbush also issued estimates for AMC Entertainment’s Q2 2020 earnings at $0.09 EPS and Q4 2020 earnings at $0.35 EPS.

A number of other research firms also recently weighed in on AMC. B. Riley reissued a “buy” rating and set a $22.00 target price (up previously from $19.00) on shares of AMC Entertainment in a research report on Friday, August 9th. MKM Partners set a $11.00 target price on shares of AMC Entertainment and gave the company a “hold” rating in a research report on Tuesday, September 10th. Bank of America decreased their target price on shares of AMC Entertainment from $17.00 to $14.00 and set a “neutral” rating for the company in a research report on Thursday, August 1st. Macquarie set a $16.00 target price on shares of AMC Entertainment and gave the company a “buy” rating in a research report on Tuesday, October 15th. Finally, Loop Capital reissued a “hold” rating on shares of AMC Entertainment in a research report on Wednesday, July 3rd. One research analyst has rated the stock with a sell rating, four have issued a hold rating and ten have issued a buy rating to the company’s stock. AMC Entertainment presently has a consensus rating of “Buy” and a consensus target price of $15.50.

NYSE:AMC traded up $0.11 on Monday, reaching $9.87. 2,830,212 shares of the stock traded hands, compared to its average volume of 2,031,344. The firm has a market capitalization of $1.01 billion, a price-to-earnings ratio of 75.92 and a beta of 0.85. The company’s 50 day moving average is $10.51 and its 200-day moving average is $11.75. The company has a current ratio of 0.34, a quick ratio of 0.34 and a debt-to-equity ratio of 7.30. AMC Entertainment has a 1-year low of $8.73 and a 1-year high of $19.88.

AMC Entertainment (NYSE:AMC) last released its earnings results on Thursday, August 8th. The company reported $0.17 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.17. The business had revenue of $1.51 billion during the quarter, compared to the consensus estimate of $1.46 billion. AMC Entertainment had a negative net margin of 0.20% and a negative return on equity of 10.94%. The company’s revenue for the quarter was up 4.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.17 EPS. On average, equities research analysts forecast that AMC Entertainment will post -0.92 EPS for the current fiscal year.

Several hedge funds have recently made changes to their positions in AMC. Renaissance Technologies LLC grew its position in shares of AMC Entertainment by 39.3% during the 2nd quarter. Renaissance Technologies LLC now owns 3,493,168 shares of the company’s stock worth $32,591,000 after buying an additional 985,100 shares during the period. Zeke Capital Advisors LLC grew its position in shares of AMC Entertainment by 4,961.7% during the 3rd quarter. Zeke Capital Advisors LLC now owns 946,543 shares of the company’s stock worth $10,128,000 after buying an additional 927,843 shares during the period. Bank of America Corp DE grew its position in shares of AMC Entertainment by 314.6% during the 2nd quarter. Bank of America Corp DE now owns 627,594 shares of the company’s stock worth $5,857,000 after buying an additional 476,203 shares during the period. Victory Capital Management Inc. lifted its holdings in shares of AMC Entertainment by 23.1% in the 2nd quarter. Victory Capital Management Inc. now owns 1,807,308 shares of the company’s stock worth $16,862,000 after purchasing an additional 338,938 shares in the last quarter. Finally, Peregrine Capital Management LLC lifted its holdings in shares of AMC Entertainment by 58.0% in the 3rd quarter. Peregrine Capital Management LLC now owns 745,071 shares of the company’s stock worth $7,972,000 after purchasing an additional 273,635 shares in the last quarter. 49.00% of the stock is owned by institutional investors.

AMC Entertainment Company Profile

AMC Entertainment Holdings, Inc, through its subsidiaries, involved in the theatrical exhibition business. The company owns, operates, or has interests in theatres. As of December 31, 2018, it owned, operated, or had interests in 637 theatres with a total of 8,114 screens in the United States; and 369 theatres and 2,977 screens in European markets.

Further Reading: How to find the components of the quick ratio

Analyst Recommendations for AMC Entertainment (NYSE:AMC)

Receive News & Ratings for AMC Entertainment Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AMC Entertainment and related companies with MarketBeat.com's FREE daily email newsletter.