AMC Entertainment Holdings Stock Rating Reaffirmed by Wedbush (AMC)
AMC Entertainment Holdings (NYSE:AMC)‘s stock had its “outperform” rating reiterated by investment analysts at Wedbush in a note issued to investors on Thursday. They currently have a $26.50 target price on the stock, down from their previous target price of $28.00. Wedbush’s target price would suggest a potential upside of 15.22% from the stock’s previous close.
AMC Entertainment Holdings (NYSE:AMC) traded up 1.59% on Thursday, hitting $23.00. 185,748 shares of the company’s stock traded hands. AMC Entertainment Holdings has a 1-year low of $18.81 and a 1-year high of $26.68. The stock has a 50-day moving average of $23.56 and a 200-day moving average of $22.90. The company has a market cap of $2.236 billion and a price-to-earnings ratio of 5.82.
AMC Entertainment Holdings (NYSE:AMC) last posted its quarterly earnings results on Wednesday, July 30th. The company reported $0.32 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.33 by $0.01. The company had revenue of $726.60 million for the quarter, compared to the consensus estimate of $744.00 million. The company’s quarterly revenue was down 4.7% on a year-over-year basis. Analysts expect that AMC Entertainment Holdings will post $0.73 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Monday, September 15th. Stockholders of record on Friday, September 5th will be paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 3.48%. The ex-dividend date is Wednesday, September 3rd.
A number of other analysts have also recently weighed in on AMC. Analysts at Zacks downgraded shares of AMC Entertainment Holdings from a “neutral” rating to an “underperform” rating in a research note on Tuesday, July 15th. They now have a $21.90 price target on the stock. Separately, analysts at Hudson Square Research initiated coverage on shares of AMC Entertainment Holdings in a research note on Monday, July 7th. They set a “buy” rating and a $29.50 price target on the stock. Finally, analysts at MKM Partners initiated coverage on shares of AMC Entertainment Holdings in a research note on Friday, June 6th. They set a “buy” rating and a $28.00 price target on the stock. One analyst has rated the stock with a sell rating, two have issued a hold rating and ten have given a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $26.43.
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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