Monarch Casino & Resort Upgraded to “Neutral” at Zacks (MCRI)
Monarch Casino & Resort (NASDAQ:MCRI) was upgraded by Zacks from an “underperform” rating to a “neutral” rating in a research report issued on Tuesday. The firm currently has a $15.40 price target on the stock. Zacks‘s price target suggests a potential upside of 2.33% from the company’s current price.
Shares of Monarch Casino & Resort (NASDAQ:MCRI) traded down 0.60% on Tuesday, hitting $14.96. The stock had a trading volume of 35,710 shares. Monarch Casino & Resort has a 1-year low of $14.38 and a 1-year high of $22.12. The stock has a 50-day moving average of $15.63 and a 200-day moving average of $17.73. The company has a market cap of $249.4 million and a P/E ratio of 15.22.
Monarch Casino & Resort (NASDAQ:MCRI) last released its earnings data on Wednesday, April 23rd. The company reported $0.19 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.23 by $0.04. On average, analysts predict that Monarch Casino & Resort will post $1.00 earnings per share for the current fiscal year.
Monarch Casino & Resort, Inc (NASDAQ:MCRI), through its wholly owned subsidiary, Golden Road Motor Inn, Inc (Golden Road), owns and operates the Atlantis Casino Resort Spa(the Atlantis), a hotel/casino facility in Reno, Nevada.
To view Zacks’ full report, visit Zacks’ official website.
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