Regal Entertainment Group Now Covered by Analysts at Hanson (RGC)
Stock analysts at Hanson started coverage on shares of Regal Entertainment Group (NYSE:RGC) in a report issued on Monday, Analyst Ratings.Net reports. The firm set a “neutral” rating on the stock.
A number of other analysts have also recently weighed in on RGC. Analysts at Janney Montgomery Scott raised their price target on shares of Regal Entertainment Group from $20.50 to $21.00 in a research note to investors on Monday, October 7th. They now have a “neutral” rating on the stock. Separately, analysts at Zacks upgraded shares of Regal Entertainment Group from a “neutral” rating to an “outperform” rating in a research note to investors on Wednesday, October 2nd. They now have a $20.70 price target on the stock. Finally, analysts at TheStreet upgraded shares of Regal Entertainment Group from a “hold” rating to a “buy” rating in a research note to investors on Tuesday, October 1st. Eleven analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Regal Entertainment Group presently has an average rating of “Hold” and an average price target of $21.19.
Shares of Regal Entertainment Group (NYSE:RGC) traded up 0.76% during mid-day trading on Monday, hitting $18.66. 316,330 shares of the company’s stock traded hands. Regal Entertainment Group has a 52-week low of $13.27 and a 52-week high of $19.53. The stock has a 50-day moving average of $18.4 and a 200-day moving average of $18.26. The company has a market cap of $2.888 billion and a price-to-earnings ratio of 23.96.
Regal Entertainment Group (NYSE:RGC) last announced its earnings results on Thursday, July 25th. The company reported $0.36 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.31 by $0.05. The company had revenue of $842.00 million for the quarter, compared to the consensus estimate of $842.56 million. During the same quarter last year, the company posted $0.25 earnings per share. Regal Entertainment Group’s revenue was up 16.5% compared to the same quarter last year. Analysts expect that Regal Entertainment Group will post $0.92 EPS for the current fiscal year.
Regal Entertainment Group (NYSE:RGC) is the parent company of Regal Entertainment Holdings, Inc (REH).
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