Several analysts have recently updated their ratings and price targets for Regal Entertainment Group (NYSE: RGC):

  • 8/1/2017 – Regal Entertainment Group had its “buy” rating reaffirmed by analysts at B. Riley. They now have a $26.00 price target on the stock.
  • 7/27/2017 – Regal Entertainment Group had its “buy” rating reaffirmed by analysts at B. Riley. They now have a $26.00 price target on the stock.
  • 7/27/2017 – Regal Entertainment Group had its “buy” rating reaffirmed by analysts at Wedbush.
  • 7/27/2017 – Regal Entertainment Group was given a new $19.00 price target on by analysts at Piper Jaffray Companies. They now have a “hold” rating on the stock.
  • 7/27/2017 – Regal Entertainment Group had its “hold” rating reaffirmed by analysts at Royal Bank Of Canada. They now have a $22.00 price target on the stock.
  • 7/20/2017 – Regal Entertainment Group had its “outperform” rating reaffirmed by analysts at Wedbush. They now have a $23.00 price target on the stock.
  • 7/19/2017 – Regal Entertainment Group was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 7/18/2017 – Regal Entertainment Group had its “buy” rating reaffirmed by analysts at B. Riley. They now have a $26.00 price target on the stock.
  • 7/13/2017 – Regal Entertainment Group had its “buy” rating reaffirmed by analysts at B. Riley. They now have a $26.00 price target on the stock, down previously from $28.75.
  • 7/6/2017 – Regal Entertainment Group had its price target lowered by analysts at Morgan Stanley from $22.00 to $21.00. They now have an “underweight” rating on the stock.
  • 6/29/2017 – Regal Entertainment Group was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Regal Entertainment Group is a leading motion picture exhibitor operating the largest theatre circuit in the United States. The Company’s nationwide theatre circuit is comprised of Regal Cinemas Corporation, United Artists Theatre Company and Edwards Theatres, Inc. “
  • 6/23/2017 – Regal Entertainment Group had its price target lowered by analysts at Credit Suisse Group from $19.00 to $17.00. They now have an “underperform” rating on the stock.
  • 6/22/2017 – Regal Entertainment Group had its price target lowered by analysts at Royal Bank Of Canada from $25.00 to $22.00. They now have a “sector perform” rating on the stock.
  • 6/12/2017 – Regal Entertainment Group was downgraded by analysts at Moffett Nathanson from a “neutral” rating to a “sell” rating. They now have a $17.00 price target on the stock, down previously from $21.00.

Regal Entertainment Group (NYSE:RGC) opened at 18.91 on Monday. Regal Entertainment Group has a 52 week low of $18.60 and a 52 week high of $24.79. The company’s 50-day moving average is $19.99 and its 200 day moving average is $21.29. The stock has a market cap of $2.97 billion, a PE ratio of 17.54 and a beta of 0.92.

Regal Entertainment Group (NYSE:RGC) last released its earnings results on Wednesday, July 26th. The company reported $0.16 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.18 by $0.02. The firm had revenue of $764.20 million during the quarter, compared to analysts’ expectations of $764.15 million. Regal Entertainment Group had a negative return on equity of 20.38% and a net margin of 5.24%. The company’s revenue was down 2.8% compared to the same quarter last year. During the same period in the prior year, the company posted $0.23 earnings per share. On average, analysts expect that Regal Entertainment Group will post $1.05 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Tuesday, September 5th will be issued a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 4.65%. The ex-dividend date is Thursday, August 31st. Regal Entertainment Group’s dividend payout ratio is 82.24%.

Regal Entertainment Group is an operator of theatre circuits in the United States. As of March 31, 2017, the Company operated 7,262 screens in 559 theatres in 43 states along with Guam, Saipan, American Samoa and the District of Columbia. The Company manages its business under theatre exhibition operations segment.

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