Shares of Churchill Downs Incorporated (NASDAQ:CHDN – Get Free Report) have received a consensus rating of “Buy” from the eight ratings firms that are currently covering the company, Marketbeat.com reports. Eight analysts have rated the stock with a buy recommendation. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $144.50.
Several analysts have weighed in on CHDN shares. Wells Fargo & Company raised Churchill Downs from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $137.00 to $141.00 in a research note on Monday, April 15th. StockNews.com raised shares of Churchill Downs from a “sell” rating to a “hold” rating in a research note on Friday. Truist Financial boosted their price target on shares of Churchill Downs from $140.00 to $145.00 and gave the stock a “buy” rating in a research report on Friday. Mizuho raised their price objective on shares of Churchill Downs from $142.00 to $143.00 and gave the company a “buy” rating in a research note on Friday. Finally, Stifel Nicolaus upped their target price on Churchill Downs from $150.00 to $153.00 and gave the stock a “buy” rating in a research report on Friday.
View Our Latest Stock Analysis on Churchill Downs
Institutional Investors Weigh In On Churchill Downs
Churchill Downs Stock Up 0.2 %
CHDN stock opened at $129.44 on Friday. The stock has a market cap of $9.54 billion, a PE ratio of 28.83, a price-to-earnings-growth ratio of 8.59 and a beta of 1.03. The firm’s 50-day simple moving average is $119.79 and its 200 day simple moving average is $120.64. Churchill Downs has a fifty-two week low of $106.45 and a fifty-two week high of $150.45. The company has a quick ratio of 0.53, a current ratio of 0.53 and a debt-to-equity ratio of 5.34.
Churchill Downs (NASDAQ:CHDN – Get Free Report) last announced its quarterly earnings results on Wednesday, April 24th. The company reported $1.13 EPS for the quarter, beating the consensus estimate of $0.78 by $0.35. The company had revenue of $590.90 million for the quarter, compared to analyst estimates of $565.41 million. Churchill Downs had a net margin of 13.72% and a return on equity of 44.33%. Churchill Downs’s revenue was up 5.6% compared to the same quarter last year. During the same quarter last year, the business earned $0.98 earnings per share. As a group, sell-side analysts predict that Churchill Downs will post 5.48 EPS for the current year.
About Churchill Downs
Churchill Downs Incorporated operates as a racing, online wagering, and gaming entertainment company in the United States. It operates through three segments: Live and Historical Racing, TwinSpires, and Gaming. The company operates pari-mutuel gaming entertainment venues; TwinSpires, an online wagering platform for horse racing, sports, and iGaming; retail sports books; and casino gaming.
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