Regal Entertainment Group Receives Average Rating of “Buy” from Brokerages (NYSE:RGC)
Shares of Regal Entertainment Group (NYSE:RGC) have received an average recommendation of “Buy” from the nineteen analysts that are currently covering the stock, AmericanBankingNews.com reports. Six analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $23.28.
A number of research firms have recently commented on RGC. Analysts at Ascendiant Capital Markets downgraded shares of Regal Entertainment Group from a “buy” rating to a “hold” rating in a research note on Tuesday, July 29th. They now have a $22.50 price target on the stock. Separately, analysts at Benchmark Co. upgraded shares of Regal Entertainment Group from a “hold” rating to a “buy” rating in a research note on Monday, July 28th. Finally, analysts at Raymond James reiterated a “strong-buy” rating on shares of Regal Entertainment Group in a research note on Friday, July 25th. They now have a $22.50 price target on the stock, up previously from $22.00.
Regal Entertainment Group (NYSE:RGC) opened at 19.81 on Monday. Regal Entertainment Group has a 52-week low of $17.65 and a 52-week high of $21.56. The stock’s 50-day moving average is $20.59 and its 200-day moving average is $19.54. The company has a market cap of $3.076 billion and a P/E ratio of 23.56.
Regal Entertainment Group (NYSE:RGC) last released its earnings data on Thursday, July 24th. The company reported $0.27 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.29 by $0.02. The company had revenue of $770.30 million for the quarter, compared to the consensus estimate of $811.71 million. During the same quarter last year, the company posted $0.36 earnings per share. Regal Entertainment Group’s revenue was down 8.5% compared to the same quarter last year. Analysts expect that Regal Entertainment Group will post $1.03 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Monday, September 15th. Shareholders of record on Friday, September 5th will be paid a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 4.44%. The ex-dividend date is Wednesday, September 3rd.
Regal Entertainment Group (NYSE:RGC) is the parent company of Regal Entertainment Holdings, Inc (REH).
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