4 analysts have shared their evaluations of Monarch Casino & Resort MCRI during the recent three months, expressing a mix of bullish and bearish perspectives.
The table below offers a condensed view of their recent ratings, showcasing the changing sentiments over the past 30 days and comparing them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 2 | 0 | 2 | 0 | 0 |
| Last 30D | 0 | 0 | 1 | 0 | 0 |
| 1M Ago | 0 | 0 | 0 | 0 | 0 |
| 2M Ago | 0 | 0 | 0 | 0 | 0 |
| 3M Ago | 2 | 0 | 1 | 0 | 0 |
Analysts provide deeper insights through their assessments of 12-month price targets, revealing an average target of $77.0, a high estimate of $90.00, and a low estimate of $65.00. This current average has decreased by 17.2% from the previous average price target of $93.00.
Deciphering Analyst Ratings: An In-Depth Analysis
A comprehensive examination of how financial experts perceive Monarch Casino & Resort is derived from recent analyst actions. The following is a detailed summary of key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| Jeffrey Stantial | Stifel | Announces | Hold | $70.00 | - |
| Barry Jonas | Truist Securities | Announces | Hold | $65.00 | - |
| Jeffrey Stantial | Stifel | Lowers | Buy | $83.00 | $91.00 |
| Barry Jonas | Truist Securities | Lowers | Buy | $90.00 | $95.00 |
Key Insights:
- Action Taken: Analysts frequently update their recommendations based on evolving market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Monarch Casino & Resort. This information provides a snapshot of how analysts perceive the current state of the company.
- Rating: Offering insights into predictions, analysts assign qualitative values, from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Monarch Casino & Resort compared to the broader market.
- Price Targets: Analysts navigate through adjustments in price targets, providing estimates for Monarch Casino & Resort's future value. Comparing current and prior targets offers insights into analysts' evolving expectations.
Considering these analyst evaluations in conjunction with other financial indicators can offer a comprehensive understanding of Monarch Casino & Resort's market position. Stay informed and make well-informed decisions with our Ratings Table.
Stay up to date on Monarch Casino & Resort analyst ratings.
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All You Need to Know About Monarch Casino & Resort
Monarch Casino & Resort Inc is engaged in providing the latest gaming, dining, and hospitality amenities. It owns and operates the Atlantis Casino Resort Spa, a hotel/casino facility in Reno, Nevada, and the Monarch Black Hawk Casino in Black Hawk. The company generates the majority of its revenue from Casinos, followed by Food & Beverage and Hotel Operations.
Monarch Casino & Resort's Financial Performance
Market Capitalization Analysis: Reflecting a smaller scale, the company's market capitalization is positioned below industry averages. This could be attributed to factors such as growth expectations or operational capacity.
Revenue Growth: Monarch Casino & Resort's revenue growth over a period of 3 months has faced challenges. As of 30 September, 2023, the company experienced a revenue decline of approximately -0.57%. This indicates a decrease in the company's 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: Monarch Casino & Resort's financial strength is reflected in its exceptional net margin, which exceeds industry averages. With a remarkable net margin of 18.17%, the company showcases strong profitability and effective cost management.
Return on Equity (ROE): Monarch Casino & Resort's ROE surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 4.91% ROE, the company effectively utilizes shareholder equity capital.
Return on Assets (ROA): Monarch Casino & Resort's ROA excels beyond industry benchmarks, reaching 3.63%. This signifies efficient management of assets and strong financial health.
Debt Management: Monarch Casino & Resort's debt-to-equity ratio is below the industry average. With a ratio of 0.05, the company relies less on debt financing, maintaining a healthier balance between debt and equity, which can be viewed positively by investors.
The Basics of Analyst Ratings
Within the domain of banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their work involves attending company conference calls and meetings, researching company financial statements, and communicating with insiders to publish "analyst ratings" for stocks. Analysts typically assess and rate each stock once per quarter.
Beyond their standard evaluations, some analysts contribute predictions for metrics like growth estimates, earnings, and revenue, furnishing investors with additional guidance. Users of analyst ratings should be mindful that this specialized advice is shaped by human perspectives and may be subject to variability.
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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