Regal Entertainment Group Receives Average Rating of “Buy” from Analysts (NYSE:RGC)
Regal Entertainment Group (NYSE:RGC) has received an average recommendation of “Buy” from the eighteen brokerages that are presently covering the stock, AnalystRatings.NET reports. Six investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating on the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $23.33.
Regal Entertainment Group (NYSE:RGC) opened at 20.25 on Monday. Regal Entertainment Group has a 52 week low of $17.65 and a 52 week high of $21.56. The stock has a 50-day moving average of $20.55 and a 200-day moving average of $19.56. The company has a market cap of $3.144 billion and a P/E ratio of 24.42.
Regal Entertainment Group (NYSE:RGC) last posted its quarterly earnings results on Thursday, July 24th. The company reported $0.27 EPS for the quarter, missing the Thomson Reuters 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 in the prior year, the company posted $0.36 earnings per share. The company’s quarterly revenue was down 8.5% on a year-over-year basis. Analysts expect that Regal Entertainment Group will post $1.03 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Monday, September 15th. Investors of record on Friday, September 5th will be given a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 4.35%. The ex-dividend date of this dividend is Wednesday, September 3rd.
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) is the parent company of Regal Entertainment Holdings, Inc (REH).
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