Analysts Set $20.00 Price Target for Studio City International Holdings Ltd (NYSE:MSC)

Studio City International Holdings Ltd (NYSE:MSC) has earned a consensus broker rating score of 4.30 (Sell) from the one brokers that provide coverage for the company, Zacks Investment Research reports. One investment analyst has rated the stock with a strong sell rating.

Analysts have set a 1 year consensus price objective of $20.00 for the company and are predicting that the company will post $0.35 earnings per share for the current quarter, according to Zacks. Zacks has also given Studio City International an industry rank of 219 out of 255 based on the ratings given to its competitors.

MSC has been the topic of a number of research analyst reports. ValuEngine raised Studio City International from a “hold” rating to a “buy” rating in a report on Tuesday, November 5th. Zacks Investment Research raised Studio City International from a “hold” rating to a “buy” rating and set a $22.00 price target on the stock in a report on Friday, September 20th.

MSC stock remained flat at $$19.95 during mid-day trading on Wednesday. The company’s stock had a trading volume of 5,100 shares, compared to its average volume of 7,197. The company has a quick ratio of 1.64, a current ratio of 1.66 and a debt-to-equity ratio of 1.29. The firm has a market capitalization of $1.53 billion, a PE ratio of -83.13 and a beta of -1.08. Studio City International has a 12 month low of $12.73 and a 12 month high of $21.22. The business has a 50 day moving average price of $19.27 and a 200-day moving average price of $19.62.

Studio City International (NYSE:MSC) last posted its earnings results on Wednesday, October 30th. The company reported $0.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.11 by $0.12. The company had revenue of $158.10 million for the quarter. Studio City International had a return on equity of 2.77% and a net margin of 2.12%. As a group, research analysts predict that Studio City International will post 0.62 earnings per share for the current fiscal year.

A hedge fund recently raised its stake in Studio City International stock. Millennium Management LLC grew its holdings in shares of Studio City International Holdings Ltd (NYSE:MSC) by 79.5% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 91,543 shares of the company’s stock after purchasing an additional 40,543 shares during the period. Millennium Management LLC owned approximately 0.12% of Studio City International worth $1,840,000 at the end of the most recent reporting period. Hedge funds and other institutional investors own 22.15% of the company’s stock.

About Studio City International

Studio City International Holdings Ltd. is a gaming, retail and entertainment resort located in Cotai, Macau. It engages in the hospitality business and provision of gaming related services in Macau. The company was founded on August 2, 2000 and is headquartered in Hong Kong.

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