Iao Kun Group Holding Upgraded to Neutral at Zacks (IKGH)
Iao Kun Group Holding (NASDAQ:IKGH) was upgraded by Zacks from an “underperform” rating to a “neutral” rating in a research report issued to clients and investors on Monday, AnalystRatingsNetwork.com reports. The firm currently has a $3.20 price target on the stock. Zacks‘ target price would suggest a potential upside of 3.90% from the company’s current price.
Separately, analysts at Sterne Agee cut their price target on shares of Iao Kun Group Holding from $7.60 to $6.25 in a research note to investors on Friday, November 15th. They now have a “buy” rating on the stock.
Shares of Iao Kun Group Holding (NASDAQ:IKGH) remained flat at $3.08 during during mid-day trading trading on Monday. The stock had a trading volume of 98,153 shares. Iao Kun Group Holding has a one year low of $2.65 and a one year high of $4.6126. The stock’s 50-day moving average is $3.0 and its 200-day moving average is $3.61. The company has a market cap of $184.9 million and a P/E ratio of 6.84.
Iao Kun Group Holding (NASDAQ:IKGH) last released its earnings data on Wednesday, November 13th. The company reported $0.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.18 by $0.02. The company had revenue of $61.00 million for the quarter, compared to the consensus estimate of $63.28 million. During the same quarter in the previous year, the company posted $0.35 earnings per share. The company’s revenue for the quarter was up 13.0% on a year-over-year basis.
Iao Kun Group Holding Co Ltd, formerly Asia Entertainment & Resources Ltd. is a holding company that conducts its primary business operations through its wholly owned subsidiary, Asia Gaming & Resort Limited (NASDAQ:IKGH), and its subsidiaries.
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