AMC Entertainment Holdings Inc. (AMC) Given New $42.72 Price Target at Benchmark Co.
AMC Entertainment Holdings Inc. (NYSE:AMC) had its target price hoisted by equities researchers at Benchmark Co. from $41.09 to $42.72 in a note issued to investors on Thursday. The brokerage currently has a “buy” rating on the stock. Benchmark Co.’s price objective would suggest a potential upside of 25.83% from the company’s previous close.
A number of other analysts also recently issued reports on the company. Loop Capital initiated coverage on AMC Entertainment Holdings in a research note on Tuesday, August 23rd. They issued a “buy” rating and a $35.00 target price for the company. Wedbush reaffirmed a “buy” rating and issued a $33.00 target price on shares of AMC Entertainment Holdings in a research note on Wednesday, August 3rd. Barclays PLC reaffirmed an “outperform” rating and issued a $29.00 target price on shares of AMC Entertainment Holdings in a research note on Tuesday, November 8th. Stifel Nicolaus raised their target price on AMC Entertainment Holdings from $32.00 to $36.00 and gave the stock a “buy” rating in a research note on Tuesday, November 8th. Finally, B. Riley reaffirmed a “buy” rating and issued a $37.00 target price on shares of AMC Entertainment Holdings in a research note on Thursday, October 27th. Two equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $33.98.
Shares of AMC Entertainment Holdings (NYSE:AMC) opened at 33.75 on Thursday. The stock has a market capitalization of $3.28 billion, a price-to-earnings ratio of 26.64 and a beta of 1.54. AMC Entertainment Holdings has a 1-year low of $19.28 and a 1-year high of $35.65. The company has a 50-day moving average of $32.65 and a 200-day moving average of $30.21.
AMC Entertainment Holdings (NYSE:AMC) last issued its earnings results on Monday, November 7th. The company reported $0.31 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.23 by $0.08. AMC Entertainment Holdings had a return on equity of 7.95% and a net margin of 4.02%. The business earned $779.77 million during the quarter, compared to the consensus estimate of $781.56 million. During the same period last year, the company earned $0.14 EPS. The company’s revenue for the quarter was up 13.2% on a year-over-year basis. On average, equities research analysts expect that AMC Entertainment Holdings will post $1.03 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 19th. Stockholders of record on Monday, December 5th will be paid a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 2.36%. The ex-dividend date is Thursday, December 1st. AMC Entertainment Holdings’s payout ratio is presently 63.49%.
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Several institutional investors have recently made changes to their positions in AMC. Corbyn Investment Management Inc. MD boosted its position in shares of AMC Entertainment Holdings by 14.7% in the second quarter. Corbyn Investment Management Inc. MD now owns 279,012 shares of the company’s stock valued at $7,704,000 after buying an additional 35,675 shares during the last quarter. Acadian Asset Management LLC bought a new position in shares of AMC Entertainment Holdings during the second quarter valued at about $298,000. American Century Companies Inc. boosted its position in shares of AMC Entertainment Holdings by 3.8% in the second quarter. American Century Companies Inc. now owns 234,056 shares of the company’s stock valued at $6,462,000 after buying an additional 8,620 shares during the last quarter. Chicago Equity Partners LLC bought a new position in shares of AMC Entertainment Holdings during the second quarter valued at about $576,000. Finally, Bank of New York Mellon Corp boosted its position in shares of AMC Entertainment Holdings by 4.5% in the second quarter. Bank of New York Mellon Corp now owns 204,604 shares of the company’s stock valued at $5,648,000 after buying an additional 8,857 shares during the last quarter. Institutional investors and hedge funds own 24.31% of the company’s stock.
About AMC Entertainment Holdings
AMC Entertainment Holdings, Inc is a holding company. The Company, through its subsidiaries, including AMC Entertainment Inc (AMCE), American Multi-Cinema, Inc (OpCo) and its subsidiaries, is engaged in the theatrical exhibition business. The Company operates through theatrical exhibition operations segment.
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