Churchill Downs Inc. Reaches New 12-Month High at $90.88 (CHDN)
Churchill Downs (NASDAQ:CHDN) set a new 52-week high during trading hours on Friday, AnalystRatingsNetwork reports. The company traded as high as $90.88 and last traded at $90.78, with a volume of 42,837 shares. The stock had previously closed at $90.03.
CHDN has been the subject of a number of recent research reports. Analysts at Zacks downgraded shares of Churchill Downs from an “outperform” rating to a “neutral” rating in a research note to investors on Thursday, November 14th. They now have a $93.60 price target on the stock. Separately, analysts at Janney Montgomery Scott reiterated a “fair value” rating on shares of Churchill Downs in a research note to investors on Tuesday, November 5th. They now have a $96.00 price target on the stock, up previously from $91.00. Finally, analysts at McLean Capital Management upgraded shares of Churchill Downs from a “sell” rating to a “neutral” rating in a research note to investors on Friday, October 25th. Six research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $56.84.
Churchill Downs has a 1-year low of $63.61 and a 1-year high of $90.88. The stock has a 50-day moving average of $88.77 and a 200-day moving average of $85.22. The company has a market cap of $1.572 billion and a price-to-earnings ratio of 25.43.
Churchill Downs (NASDAQ:CHDN) last announced its earnings results on Wednesday, October 30th. The company reported $0.51 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.43 by $0.08. The company had revenue of $185.60 million for the quarter, compared to the consensus estimate of $193.04 million. During the same quarter in the previous year, the company posted $0.34 earnings per share. The company’s revenue for the quarter was up 12.6% on a year-over-year basis. On average, analysts predict that Churchill Downs will post $3.61 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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