Red Rock Resorts RRR underwent analysis by 8 analysts in the last quarter, revealing a spectrum of viewpoints 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 | 4 | 0 | 0 |
| Last 30D | 0 | 0 | 1 | 0 | 0 |
| 1M Ago | 0 | 0 | 2 | 0 | 0 |
| 2M Ago | 0 | 0 | 0 | 0 | 0 |
| 3M Ago | 0 | 4 | 1 | 0 | 0 |
Providing deeper insights, analysts have established 12-month price targets, indicating an average target of $50.62, along with a high estimate of $55.00 and a low estimate of $46.00. Observing a 0.24% increase, the current average has risen from the previous average price target of $50.50.
Investigating Analyst Ratings: An Elaborate Study
In examining recent analyst actions, we gain insights into how financial experts perceive Red Rock Resorts. The following summary outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| Stephanie Grambling | Morgan Stanley | Lowers | Equal-Weight | $48.00 | $49.00 |
| Steve Wieczynski | Stifel | Raises | Hold | $54.00 | $47.00 |
| 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: Analysts respond to changes in market conditions and company performance, frequently updating their recommendations. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Red Rock Resorts. This information offers a snapshot of how analysts perceive the current state of the company.
- Rating: Analyzing trends, analysts offer qualitative evaluations, ranging from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Red Rock Resorts compared to the broader market.
- Price Targets: Delving into movements, analysts provide estimates for the future value of Red Rock Resorts's stock. This analysis reveals shifts in analysts' expectations over time.
Understanding these analyst evaluations alongside key financial indicators can offer valuable insights into Red Rock Resorts's market standing. Stay informed and make well-considered decisions with our Ratings Table.
Stay up to date on Red Rock Resorts analyst ratings.
Discovering Red Rock Resorts: A Closer Look
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 Financial Performance
Market Capitalization: Indicating a reduced size compared to industry averages, the company's market capitalization poses unique challenges.
Negative Revenue Trend: Examining Red Rock Resorts's financials over 3 months reveals challenges. As of 30 September, 2023, the company experienced a decline of approximately -0.68% in revenue growth, reflecting a decrease in top-line earnings. As compared to its peers, the revenue growth lags behind its industry peers. The company achieved a growth rate lower than the average among peers in Consumer Discretionary sector.
Net Margin: Red Rock Resorts's net margin is impressive, surpassing industry averages. With a net margin of 8.63%, the company demonstrates strong profitability and effective cost management.
Return on Equity (ROE): The company's ROE is a standout performer, exceeding industry averages. With an impressive ROE of 31.81%, the company showcases effective utilization of 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 surpasses industry norms, standing at 26.86. This suggests the company carries a substantial amount of debt, posing potential financial challenges.
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.
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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