Churchill Downs Inc. Sets New 1-Year High at $87.00 (CHDN)
Churchill Downs (NASDAQ:CHDN) set a new 52-week high on Tuesday, AnalystRatings.Net reports. The company traded as high as $87.00 and last traded at $86.15, with a volume of 27,507 shares. The stock had previously closed at $85.00.
A number of research firms have recently commented on CHDN. Analysts at Canaccord Genuity raised their price target on shares of Churchill Downs (NASDAQ:CHDN) from $9.50 to $10.75 in a research note to investors on Wednesday, September 11th. They now have a “buy” rating on the stock. Separately, 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. Finally, 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.
Four research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $49.23.
Churchill Downs has a one year low of $56.66 and a one year high of $87.00. The stock’s 50-day moving average is $82.39 and its 200-day moving average is $77.99. The company has a market cap of $1.485 billion and a price-to-earnings ratio of 25.19.
Churchill Downs (NASDAQ:CHDN) last announced its earnings results on Wednesday, July 31st. The company reported $2.81 earnings per share for the quarter, missing the analysts’ 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 last year, the company posted $2.77 earnings per share. Churchill Downs’s revenue was up 4.8% compared to the same quarter last year. Analysts expect that Churchill Downs will post $3.48 EPS for the current fiscal year.
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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