Churchill Downs PT Raised to $10.75 (CHDN)
Canaccord Genuity boosted their price objective on shares of Churchill Downs (NASDAQ:CHDN) from $9.50 to $10.75 in a research note issued on Wednesday, Analyst Ratings.Net reports. The firm currently has a “buy” rating on the stock. Canaccord Genuity’s price target indicates a potential downside of 87.36% from the stock’s previous close.
Churchill Downs (NASDAQ:CHDN) traded up 1.15% during mid-day trading on Wednesday, hitting $85.02. 37,081 shares of the company’s stock traded hands. Churchill Downs has a one year low of $56.04 and a one year high of $86.38. The stock’s 50-day moving average is $81.93 and its 200-day moving average is $77.37. The company has a market cap of $1.468 billion and a P/E ratio of 24.91.
Churchill Downs (NASDAQ:CHDN) last released its earnings data on Wednesday, July 31st. The company reported $2.81 EPS for the quarter, missing the Thomson Reuters consensus estimate of $2.90 by $0.09. The company had revenue of $283.80 million for the quarter, compared to the consensus estimate of $292.23 million. During the same quarter in the prior year, the company posted $2.77 earnings per share. The company’s quarterly revenue was up 4.8% on a year-over-year basis. Analysts expect that Churchill Downs will post $3.48 EPS for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at TD Securities raised their price target on shares of Churchill Downs (NASDAQ:CHDN) from $8.00 to $9.00 in a research note to investors on Wednesday, August 14th. They now have a “hold” rating on the stock. Separately, analysts at Paradigm Capital raised their price target on shares of Churchill Downs (NASDAQ:CHDN) from $7.75 to $8.00 in a research note to investors on Wednesday, August 14th. They now have a “hold” rating on the stock. Finally, analysts at Imperial Capital raised their price target on shares of Churchill Downs (NASDAQ:CHDN) from $88.00 to $93.50 in a research note to investors on Monday, August 5th. They now have an “outperform” rating on the stock.
Four analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $49.23.
Churchill Downs Incorporated is a diversified provider of pari-mutuel horseracing, casino gaming, entertainment, and is the country’s premier source of online account wagering on horseracing events.
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