Throughout the last three months, 6 analysts have evaluated Red Rock Resorts RRR, offering a diverse set of opinions from bullish to bearish.
The table below summarizes their recent ratings, showcasing the evolving sentiments within the past 30 days and comparing them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 0 | 4 | 2 | 0 | 0 |
| Last 30D | 0 | 0 | 1 | 0 | 0 |
| 1M Ago | 0 | 0 | 0 | 0 | 0 |
| 2M Ago | 0 | 3 | 0 | 0 | 0 |
| 3M Ago | 0 | 1 | 1 | 0 | 0 |
Providing deeper insights, analysts have established 12-month price targets, indicating an average target of $50.5, along with a high estimate of $55.00 and a low estimate of $46.00. A negative shift in sentiment is evident as analysts have decreased the average price target by 1.62%.
Understanding Analyst Ratings: A Comprehensive Breakdown
The analysis of recent analyst actions sheds light on the perception of Red Rock Resorts by financial experts. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| Barry Jonas | Truist Securities | Raises | Hold | $55.00 | $46.00 |
| Stephanie Grambling | Morgan Stanley | Lowers | Overweight | $49.00 | $50.00 |
| Joseph Greff | JP Morgan | Lowers | Overweight | $50.00 | $54.00 |
| Daniel Politzer | Wells Fargo | Lowers | Overweight | $53.00 | $55.00 |
| Barry Jonas | Truist Securities | Lowers | Hold | $46.00 | $50.00 |
| Stephanie Grambling | Morgan Stanley | Lowers | Overweight | $50.00 | $53.00 |
Key Insights:
- Action Taken: Responding to changing market dynamics and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their response to recent developments related to Red Rock Resorts. This offers insight into analysts' perspectives on the current state of the company.
- Rating: Offering a comprehensive view, analysts assess stocks qualitatively, spanning from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Red Rock Resorts compared to the broader market.
- Price Targets: Gaining insights, analysts provide estimates for the future value of Red Rock Resorts's stock. This comparison reveals trends in analysts' expectations over time.
To gain a panoramic view of Red Rock Resorts's market performance, explore these analyst evaluations alongside essential financial indicators. Stay informed and make judicious decisions using our Ratings Table.
Stay up to date on Red Rock Resorts analyst ratings.
Unveiling the Story Behind Red Rock Resorts
Red Rock Resorts Inc along with its subsidiary is a gaming, development, and management company. The company mainly develops strategically-located casino and entertainment properties. It generates a majority of its revenue from Casino.
Red Rock Resorts's Economic Impact: An Analysis
Market Capitalization Analysis: Below industry benchmarks, the company's market capitalization reflects a smaller scale relative to peers. This could be attributed to factors such as growth expectations or operational capacity.
Revenue Challenges: Red Rock Resorts's revenue growth over 3 months faced difficulties. As of 30 September, 2023, the company experienced a decline of approximately -0.68%. This indicates a decrease in top-line earnings. As compared to competitors, the company encountered difficulties, with a growth rate lower than the average among peers in the Consumer Discretionary sector.
Net Margin: The company's net margin is a standout performer, exceeding industry averages. With an impressive net margin of 8.63%, the company showcases strong profitability and effective cost control.
Return on Equity (ROE): Red Rock Resorts's ROE surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 31.81% ROE, the company effectively utilizes shareholder equity capital.
Return on Assets (ROA): Red Rock Resorts's ROA surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 0.94% ROA, the company effectively utilizes its assets for optimal returns.
Debt Management: Red Rock Resorts's debt-to-equity ratio stands notably higher than the industry average, reaching 26.86. This indicates a heavier reliance on borrowed funds, raising concerns about financial leverage.
How Are Analyst Ratings Determined?
Analysts are specialists within banking and financial systems that typically report for specific stocks or within defined sectors. These people research company financial statements, sit in conference calls and meetings, and speak with relevant insiders to determine what are known as analyst ratings for stocks. Typically, analysts will rate each stock once a quarter.
Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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