McLean Capital Management Upgrades Churchill Downs to “Neutral” (CHDN)
Churchill Downs (NASDAQ:CHDN) was upgraded by equities research analysts at McLean Capital Management from a “sell” rating to a “neutral” rating in a research note issued to investors on Friday, Analyst Ratings News reports.
Several other analysts have also recently commented on the stock. Analysts at Zacks upgraded shares of Churchill Downs from a “neutral” rating to an “outperform” rating in a research note to investors on Wednesday, October 16th. They now have a $89.60 price target on the stock. Separately, analysts at Canaccord Genuity raised their price target on shares of Churchill Downs 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. Finally, analysts at TD Securities raised their price target on shares of Churchill Downs 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. Four analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Churchill Downs currently has an average rating of “Buy” and a consensus price target of $49.64.
Churchill Downs (NASDAQ:CHDN) traded down 1.38% on Friday, hitting $87.45. 6,640 shares of the company’s stock traded hands. Churchill Downs has a 52-week low of $56.66 and a 52-week high of $86.38. The stock has a 50-day moving average of $82.17 and a 200-day moving average of $77.6. The company has a market cap of $1.510 billion and a P/E ratio of 26.28.
Churchill Downs (NASDAQ:CHDN) last posted its quarterly earnings results 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. On average, analysts predict that Churchill Downs will post $3.48 earnings per share 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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