Recent Investment Analysts’ Ratings Updates for Melco Resorts & Entertainment (MLCO)

A number of research firms have changed their ratings and price targets for Melco Resorts & Entertainment (NASDAQ: MLCO):

  • 2/8/2018 – Melco Resorts & Entertainment was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Melco Resorts & Entertainment Ltd is a developer, owner and operator of casino gaming and entertainment casino resort facilities primarily in Asia. Melco Resorts & Entertainment Ltd, formerly known as Melco Crown Entertainment Limited, is based in Hong Kong. “
  • 2/4/2018 – Melco Resorts & Entertainment was upgraded by analysts at Goldman Sachs Group Inc from a “neutral” rating to a “buy” rating.
  • 2/3/2018 – Melco Resorts & Entertainment was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $34.00 price target on the stock. According to Zacks, “Melco Resorts & Entertainment Ltd is a developer, owner and operator of casino gaming and entertainment casino resort facilities primarily in Asia. Melco Resorts & Entertainment Ltd, formerly known as Melco Crown Entertainment Limited, is based in Hong Kong. “
  • 2/2/2018 – Melco Resorts & Entertainment was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Melco Resorts & Entertainment Ltd is a developer, owner and operator of casino gaming and entertainment casino resort facilities primarily in Asia. Melco Resorts & Entertainment Ltd, formerly known as Melco Crown Entertainment Limited, is based in Hong Kong. “
  • 1/4/2018 – Melco Resorts & Entertainment was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 1/4/2018 – Melco Resorts & Entertainment was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $32.00 price target on the stock. According to Zacks, “Melco Resorts & Entertainment Ltd is a developer, owner and operator of casino gaming and entertainment casino resort facilities primarily in Asia. Melco Resorts & Entertainment Ltd, formerly known as Melco Crown Entertainment Limited, is based in Hong Kong. “
  • 12/21/2017 – Melco Resorts & Entertainment was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
  • 12/19/2017 – Melco Resorts & Entertainment was upgraded by analysts at JPMorgan Chase & Co. from a “neutral” rating to an “overweight” rating. They now have a $32.00 price target on the stock.

Shares of Melco Resorts & Entertainment Ltd (NASDAQ MLCO) opened at $26.82 on Tuesday. The company has a market cap of $13,220.00, a PE ratio of 38.31, a price-to-earnings-growth ratio of 2.05 and a beta of 1.71. The company has a quick ratio of 1.07, a current ratio of 1.10 and a debt-to-equity ratio of 1.13. Melco Resorts & Entertainment Ltd has a 1-year low of $16.00 and a 1-year high of $30.49.

Melco Resorts & Entertainment (NASDAQ:MLCO) last released its quarterly earnings data on Thursday, February 8th. The company reported $0.20 EPS for the quarter, missing the Zacks’ consensus estimate of $0.23 by ($0.03). The business had revenue of $1.33 billion during the quarter, compared to analyst estimates of $1.36 billion. Melco Resorts & Entertainment had a net margin of 6.47% and a return on equity of 13.83%. The company’s revenue for the quarter was up 11.7% on a year-over-year basis. equities research analysts expect that Melco Resorts & Entertainment Ltd will post 1.07 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 7th. Shareholders of record on Tuesday, February 20th will be issued a $0.135 dividend. This is an increase from Melco Resorts & Entertainment’s previous quarterly dividend of $0.02. The ex-dividend date is Friday, February 16th. This represents a $0.54 dividend on an annualized basis and a yield of 2.01%. Melco Resorts & Entertainment’s dividend payout ratio is presently 50.00%.

Melco Resorts & Entertainment Limited, formerly Melco Crown Entertainment Limited, is a holding company. The Company, through its subsidiaries, develops, owns and operates casino gaming and entertainment casino resort facilities in Asia. It is principally engaged in the gaming and hospitality business in Asia and its principal operating and developmental activities occur in over two geographic areas, which include Macau and the Philippines.

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