Churchill Downs Incorporated (NASDAQ:CHDN – Get Free Report) has been given a consensus recommendation of “Buy” by the nine ratings firms that are covering the company, MarketBeat Ratings reports. Nine investment analysts have rated the stock with a buy rating. The average 1-year price target among analysts that have issued a report on the stock in the last year is $158.33.
A number of brokerages have recently issued reports on CHDN. Bank of America upgraded Churchill Downs from a “neutral” rating to a “buy” rating and increased their target price for the company from $145.00 to $155.00 in a research report on Monday, August 12th. Macquarie increased their price objective on shares of Churchill Downs from $154.00 to $162.00 and gave the company an “outperform” rating in a report on Friday, July 26th. Mizuho boosted their target price on shares of Churchill Downs from $143.00 to $157.00 and gave the stock an “outperform” rating in a research note on Friday, July 26th. Stifel Nicolaus raised their price target on shares of Churchill Downs from $153.00 to $160.00 and gave the company a “buy” rating in a research note on Monday, July 22nd. Finally, StockNews.com upgraded Churchill Downs from a “sell” rating to a “hold” rating in a research note on Friday, August 2nd.
View Our Latest Report on Churchill Downs
Institutional Trading of Churchill Downs
Churchill Downs Price Performance
Shares of CHDN opened at $140.11 on Friday. The business’s 50-day moving average is $137.59 and its two-hundred day moving average is $135.19. The company has a market capitalization of $10.30 billion, a P/E ratio of 31.20, a P/E/G ratio of 2.06 and a beta of 0.97. Churchill Downs has a fifty-two week low of $106.45 and a fifty-two week high of $146.64. The company has a debt-to-equity ratio of 4.65, a quick ratio of 0.57 and a current ratio of 0.57.
Churchill Downs (NASDAQ:CHDN – Get Free Report) last released its quarterly earnings data on Wednesday, July 24th. The company reported $2.89 EPS for the quarter, topping the consensus estimate of $2.71 by $0.18. The business had revenue of $890.70 million for the quarter, compared to analyst estimates of $858.59 million. Churchill Downs had a return on equity of 47.53% and a net margin of 15.61%. The business’s quarterly revenue was up 15.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.24 EPS. Research analysts predict that Churchill Downs will post 6.13 earnings per share for the current year.
Churchill Downs Company Profile
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; casino gaming; and Terre Haute Casino Resort.
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