Short Interest in Melco Crown Entertainment Limited Drops By 27.0% (MPEL)
Shares of Melco Crown Entertainment Limited (NASDAQ:MPEL) were the recipient of a significant decline in short interest during the month of January. As of January 31st, there was short interest totalling 4,163,812 shares, a decline of 27.0% from the January 15th total of 5,706,515 shares, Stock Ratings Network.com reports. Based on an average daily trading volume, of 4,516,819 shares, the days-to-cover ratio is presently 0.9 days. Approximately 0.0% of the shares of the company are short sold.
A number of research firms have recently commented on MPEL. Analysts at Sterne Agee reiterated a “buy” rating on shares of Melco Crown Entertainment Limited in a research note on Thursday, December 12th. They now have a $37.41 price target on the stock, down previously from $46.00. Analysts at Goldman Sachs downgraded shares of Melco Crown Entertainment Limited from a “conviction-buy” rating to a “buy” rating in a research note on Wednesday, December 4th. One equities research analyst has rated the stock with a hold rating and fourteen have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $36.74.
Melco Crown Entertainment Limited (NASDAQ:MPEL) opened at 42.24 on Friday. Melco Crown Entertainment Limited has a 52-week low of $17.76 and a 52-week high of $45.48. The stock has a 50-day moving average of $41.61 and a 200-day moving average of $34.91. The company has a market cap of $23.247 billion and a price-to-earnings ratio of 36.75.
Melco Crown Entertainment Limited (NASDAQ:MPEL) last released its earnings data on Wednesday, February 19th. The company reported $0.43 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.40 by $0.03. The company had revenue of $1.40 billion for the quarter, compared to the consensus estimate of $1.36 billion. During the same quarter in the prior year, the company posted $0.20 earnings per share. The company’s quarterly revenue was up 26.6% on a year-over-year basis. On average, analysts predict that Melco Crown Entertainment Limited will post $1.26 earnings per share for the current fiscal year.
Melco Crown Entertainment Limited (NASDAQ:MPEL) is a developer, owner and, through its subsidiary Melco Crown Gaming, operator of casino gaming and entertainment resort facilities focused on the Macau market.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.