Imperial Capital Cuts AMC Entertainment (NYSE:AMC) Price Target to $4.00

AMC Entertainment (NYSE:AMC) had its target price lowered by Imperial Capital from $6.00 to $4.00 in a report issued on Tuesday morning, The Fly reports. The brokerage currently has an in-line rating on the stock. Imperial Capital also issued estimates for AMC Entertainment’s Q2 2020 earnings at ($3.56) EPS, Q3 2020 earnings at ($1.91) EPS, Q4 2020 earnings at ($1.38) EPS, FY2020 earnings at ($9.07) EPS, Q1 2021 earnings at ($1.00) EPS, Q2 2021 earnings at ($0.38) EPS, Q3 2021 earnings at ($0.58) EPS, Q4 2021 earnings at ($0.18) EPS and FY2021 earnings at ($2.14) EPS.

Several other research firms have also issued reports on AMC. Citigroup upped their price objective on AMC Entertainment to $4.00 and gave the company a sell rating in a research note on Wednesday, June 17th. MKM Partners upgraded AMC Entertainment from a sell rating to a neutral rating and upped their price objective for the company from $1.00 to $5.00 in a research note on Wednesday, May 27th. Zacks Investment Research dropped their price objective on AMC Entertainment to $4.00 in a research note on Wednesday, June 17th. Macquarie reiterated a hold rating and set a $5.00 target price on shares of AMC Entertainment in a research note on Wednesday, June 10th. Finally, Benchmark lowered AMC Entertainment from a buy rating to a hold rating in a research note on Monday, March 16th. Five analysts have rated the stock with a sell rating, eight have issued a hold rating, two have given a buy rating and one has given a strong buy rating to the company. AMC Entertainment presently has a consensus rating of Hold and a consensus target price of $7.23.

Shares of NYSE AMC opened at $4.53 on Tuesday. The stock has a 50 day moving average price of $5.14 and a 200 day moving average price of $5.35. AMC Entertainment has a 52 week low of $1.95 and a 52 week high of $12.49. The company has a debt-to-equity ratio of 8.02, a quick ratio of 0.34 and a current ratio of 0.34. The stock has a market capitalization of $477.21 million, a PE ratio of -0.21 and a beta of 1.70.

AMC Entertainment (NYSE:AMC) last released its quarterly earnings data on Tuesday, June 9th. The company reported ($2.22) earnings per share (EPS) for the quarter, missing the consensus estimate of ($2.16) by ($0.06). The business had revenue of $941.50 million during the quarter, compared to the consensus estimate of $947.06 million. AMC Entertainment had a negative net margin of 42.12% and a negative return on equity of 28.65%. AMC Entertainment’s quarterly revenue was down 21.5% on a year-over-year basis. During the same quarter in the prior year, the company earned ($1.25) EPS. As a group, research analysts forecast that AMC Entertainment will post -9.09 EPS for the current year.

Institutional investors have recently bought and sold shares of the business. Wiley BROS. Aintree Capital LLC bought a new position in AMC Entertainment during the 1st quarter worth $32,000. Palladium Partners LLC acquired a new stake in shares of AMC Entertainment in the 1st quarter valued at $32,000. Arizona State Retirement System acquired a new stake in shares of AMC Entertainment in the 1st quarter valued at $39,000. Great West Life Assurance Co. Can acquired a new stake in shares of AMC Entertainment in the 4th quarter valued at $42,000. Finally, Point72 Hong Kong Ltd acquired a new stake in shares of AMC Entertainment in the 4th quarter valued at $44,000. Hedge funds and other institutional investors own 37.35% of the company’s stock.

About AMC Entertainment

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.

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Analyst Recommendations for AMC Entertainment (NYSE:AMC)

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