Churchill Downs (NASDAQ:CHDN - Get Free Report) had its target price dropped by investment analysts at Mizuho from $157.00 to $151.00 in a note issued to investors on Tuesday, Benzinga reports. The brokerage currently has an "outperform" rating on the stock. Mizuho's price target would suggest a potential upside of 12.49% from the stock's current price.
Other analysts also recently issued research reports about the company. Wells Fargo & Company lifted their price target on Churchill Downs from $161.00 to $168.00 and gave the company an "overweight" rating in a research report on Thursday, October 17th. Bank of America upgraded Churchill Downs from a "neutral" rating to a "buy" rating and lifted their price target for the company from $145.00 to $155.00 in a research report on Monday, August 12th. Macquarie lifted their price target on Churchill Downs from $154.00 to $162.00 and gave the company an "outperform" rating in a research report on Friday, July 26th. Jefferies Financial Group lifted their price target on Churchill Downs from $153.00 to $160.00 and gave the company a "buy" rating in a research report on Thursday, July 11th. Finally, JMP Securities reiterated a "market outperform" rating and set a $166.00 price target on shares of Churchill Downs in a research report on Monday, October 14th. One equities research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $161.00.
Check Out Our Latest Stock Report on Churchill Downs
Churchill Downs Stock Down 0.9 %
NASDAQ:CHDN traded down $1.26 during trading hours on Tuesday, hitting $134.23. 379,315 shares of the company traded hands, compared to its average volume of 425,773. The company has a quick ratio of 0.57, a current ratio of 0.57 and a debt-to-equity ratio of 4.65. The firm's 50-day simple moving average is $137.78 and its 200-day simple moving average is $135.60. Churchill Downs has a one year low of $106.45 and a one year high of $146.64. The company has a market cap of $9.87 billion, a PE ratio of 29.90, a PEG ratio of 2.06 and a beta of 0.97.
Churchill Downs (NASDAQ:CHDN - Get Free Report) last announced its earnings results on Wednesday, July 24th. The company reported $2.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.71 by $0.18. Churchill Downs had a return on equity of 47.53% and a net margin of 15.61%. The firm had revenue of $890.70 million during the quarter, compared to analyst estimates of $858.59 million. During the same period last year, the firm posted $2.24 EPS. The business's revenue was up 15.9% compared to the same quarter last year. Equities analysts predict that Churchill Downs will post 6.13 earnings per share for the current year.
Hedge Funds Weigh In On Churchill Downs
A number of institutional investors and hedge funds have recently modified their holdings of CHDN. Kimelman & Baird LLC bought a new stake in Churchill Downs during the 2nd quarter valued at $42,000. Central Pacific Bank Trust Division bought a new position in shares of Churchill Downs in the 1st quarter worth $44,000. CWM LLC raised its position in shares of Churchill Downs by 36.8% in the 2nd quarter. CWM LLC now owns 439 shares of the company's stock worth $61,000 after acquiring an additional 118 shares in the last quarter. UMB Bank n.a. raised its position in shares of Churchill Downs by 82.8% in the 3rd quarter. UMB Bank n.a. now owns 563 shares of the company's stock worth $76,000 after acquiring an additional 255 shares in the last quarter. Finally, Bank & Trust Co bought a new position in shares of Churchill Downs in the 2nd quarter worth $84,000. Hedge funds and other institutional investors own 82.59% of the company's stock.
About Churchill Downs
(
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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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