AMC Entertainment Holdings Now Covered by MKM Partners (AMC)
Investment analysts at MKM Partners assumed coverage on shares of AMC Entertainment Holdings (NYSE:AMC) in a note issued to investors on Friday, TheFlyOnTheWall.com reports. The firm set a “buy” rating and a $28.00 price target on the stock. MKM Partners’ price target would indicate a potential upside of 22.00% from the stock’s previous close.
Shares of AMC Entertainment Holdings (NYSE:AMC) opened at 22.95 on Friday. AMC Entertainment Holdings has a one year low of $18.81 and a one year high of $26.68. The stock’s 50-day moving average is $22.43 and its 200-day moving average is $22.21. The company has a market cap of $2.231 billion and a price-to-earnings ratio of 4.99.
AMC Entertainment Holdings (NYSE:AMC) last issued its quarterly earnings data on Tuesday, April 29th. The company reported ($0.05) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.02 by $0.07. The company had revenue of $622.80 million for the quarter, compared to the consensus estimate of $617.03 million. The company’s revenue for the quarter was up 7.8% on a year-over-year basis. On average, analysts predict that AMC Entertainment Holdings will post $0.95 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Monday, June 16th. Shareholders of record on Friday, June 6th will be given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 3.49%. The ex-dividend date of this dividend is Wednesday, June 4th.
A number of other firms have also recently commented on AMC. Analysts at B. Riley upgraded shares of AMC Entertainment Holdings from a “neutral” rating to a “buy” rating in a research note on Tuesday, May 27th. They now have a $28.00 price target on the stock, up previously from $25.50. Finally, analysts at Stifel Nicolaus raised their price target on shares of AMC Entertainment Holdings from $24.00 to $26.00 in a research note on Wednesday, April 30th. They now have a “buy” rating on the stock. Two analysts have rated the stock with a hold rating and nine have given a buy rating to the company. AMC Entertainment Holdings currently has a consensus rating of “Buy” and an average price target of $27.00.
AMC Entertainment Holdings, Inc is a theatrical exhibition company. As of September 30, 2013, the Company owned, operated or held interests in 343 theatres with a total of 4,950 screens primarily in North America.
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