Iao Kun Group Holding Receives “Buy” Rating from Stifel Nicolaus (IKGH)
Iao Kun Group Holding (NASDAQ:IKGH)‘s stock had its “buy” rating reiterated by research analysts at Stifel Nicolaus in a report released on Friday. They currently have a $4.00 target price on the stock, down from their previous target price of $5.00. Stifel Nicolaus’ price objective would suggest a potential upside of 27.55% from the stock’s previous close.
Iao Kun Group Holding (NASDAQ:IKGH) traded up 6.19% on Friday, hitting $3.09. The stock had a trading volume of 38,254 shares. Iao Kun Group Holding has a 52-week low of $2.57 and a 52-week high of $4.20. The stock’s 50-day moving average is $3.14 and its 200-day moving average is $3.11. The company has a market cap of $178.9 million and a price-to-earnings ratio of 126.52.
Iao Kun Group Holding (NASDAQ:IKGH) last posted its quarterly earnings results on Thursday, August 28th. The company reported ($0.12) earnings per share for the quarter, missing the analysts’ consensus estimate of $0.01 by $0.13. The company had revenue of $49.69 million for the quarter, compared to the consensus estimate of $60.60 million. During the same quarter last year, the company posted $0.15 earnings per share. Iao Kun Group Holding’s revenue was down 21.7% compared to the same quarter last year. Analysts expect that Iao Kun Group Holding will post $0.39 EPS for the current fiscal year.
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.