Churchill Downs Rating Increased to Buy at TD Securities (CHDN)
Churchill Downs (NASDAQ:CHDN) was upgraded by research analysts at TD Securities to a “buy” rating in a report released on Monday, Analyst Ratings Network.com reports.
A number of other analysts have also recently weighed in on CHDN. 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. Five research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $64.81.
Churchill Downs (NASDAQ:CHDN) opened at 94.54 on Monday. Churchill Downs has a one year low of $63.61 and a one year high of $95.09. The stock’s 50-day moving average is $89.50 and its 200-day moving average is $85.72. The company has a market cap of $1.638 billion and a P/E ratio of 26.41.
Churchill Downs (NASDAQ:CHDN) last released its earnings data on Wednesday, October 30th. The company reported $0.51 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $0.34 earnings per share. Churchill Downs’s revenue was up 12.6% compared to the same quarter last year. Analysts expect that Churchill Downs will post $3.61 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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