Regal Entertainment Group (RGC) Receives Average Rating of “Hold” from Analysts

Shares of Regal Entertainment Group (NYSE:RGC) have been assigned a consensus rating of “Hold” from the seventeen brokerages that are covering the company, MarketBeat reports. Two investment analysts have rated the stock with a sell recommendation, twelve have issued a hold recommendation and two have issued a buy recommendation on the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $22.64.

A number of brokerages recently commented on RGC. B. Riley downgraded Regal Entertainment Group from a “buy” rating to a “neutral” rating and decreased their price target for the company from $24.75 to $23.00 in a research report on Tuesday, January 2nd. Wedbush set a $23.00 price target on Regal Entertainment Group and gave the company a “hold” rating in a research report on Monday, January 8th. MKM Partners downgraded Regal Entertainment Group from a “buy” rating to a “neutral” rating and set a $23.00 price target for the company. in a research report on Wednesday. Piper Jaffray Companies set a $23.00 price target on Regal Entertainment Group and gave the company a “hold” rating in a research report on Wednesday, January 3rd. Finally, Loop Capital downgraded Regal Entertainment Group from a “buy” rating to a “hold” rating and set a $24.00 price target for the company. in a research report on Wednesday, December 6th.

Large investors have recently added to or reduced their stakes in the business. Hamlin Capital Management LLC increased its position in Regal Entertainment Group by 1.4% in the third quarter. Hamlin Capital Management LLC now owns 4,335,507 shares of the company’s stock worth $69,368,000 after buying an additional 60,489 shares during the last quarter. Paradigm Capital Management Inc. NY increased its position in Regal Entertainment Group by 15.8% in the third quarter. Paradigm Capital Management Inc. NY now owns 206,425 shares of the company’s stock worth $3,303,000 after buying an additional 28,175 shares during the last quarter. Edge Advisors LLC increased its position in Regal Entertainment Group by 15.3% in the third quarter. Edge Advisors LLC now owns 174,421 shares of the company’s stock worth $2,789,000 after buying an additional 23,174 shares during the last quarter. JPMorgan Chase & Co. increased its position in Regal Entertainment Group by 1,034.2% in the third quarter. JPMorgan Chase & Co. now owns 721,979 shares of the company’s stock worth $11,833,000 after buying an additional 658,323 shares during the last quarter. Finally, Royal Bank of Canada increased its position in Regal Entertainment Group by 17.2% in the second quarter. Royal Bank of Canada now owns 724,860 shares of the company’s stock worth $14,831,000 after buying an additional 106,214 shares during the last quarter. 85.31% of the stock is owned by institutional investors and hedge funds.

Regal Entertainment Group (NYSE RGC) opened at $23.00 on Friday. Regal Entertainment Group has a fifty-two week low of $13.90 and a fifty-two week high of $23.56. The company has a quick ratio of 0.78, a current ratio of 0.84 and a debt-to-equity ratio of -2.84. The firm has a market capitalization of $3,610.00, a P/E ratio of 27.71, a PEG ratio of 2.20 and a beta of 1.13.

Regal Entertainment Group (NYSE:RGC) last posted its earnings results on Tuesday, October 24th. The company reported $0.07 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.04 by $0.03. The company had revenue of $716.00 million for the quarter, compared to analyst estimates of $701.66 million. Regal Entertainment Group had a negative return on equity of 16.36% and a net margin of 4.41%. The company’s revenue for the quarter was down 11.8% on a year-over-year basis. During the same quarter last year, the company earned $0.29 earnings per share. sell-side analysts forecast that Regal Entertainment Group will post 0.93 EPS for the current fiscal year.

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Regal Entertainment Group Company Profile

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.

Analyst Recommendations for Regal Entertainment Group (NYSE:RGC)

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