Across the recent three months, 4 analysts have shared their insights on Monarch Casino & Resort MCRI, expressing a variety of opinions spanning 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 | 0 | 3 | 1 | 0 |
| Last 30D | 0 | 0 | 1 | 0 | 0 |
| 1M Ago | 0 | 0 | 0 | 1 | 0 |
| 2M Ago | 0 | 0 | 0 | 0 | 0 |
| 3M Ago | 0 | 0 | 2 | 0 | 0 |
Analysts have recently evaluated Monarch Casino & Resort and provided 12-month price targets. The average target is $81.5, accompanied by a high estimate of $88.00 and a low estimate of $77.00. Surpassing the previous average price target of $73.33, the current average has increased by 11.14%.
Understanding Analyst Ratings: A Comprehensive Breakdown
The perception of Monarch Casino & Resort by financial experts is analyzed through recent analyst actions. 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 |
|---|---|---|---|---|---|
| David Katz | Jefferies | Raises | Hold | $88.00 | $73.00 |
| Zachary Silverberg | Wells Fargo | Announces | Underweight | $79.00 | - |
| Jeffrey Stantial | Stifel | Raises | Hold | $77.00 | $72.00 |
| Barry Jonas | Truist Securities | Raises | Hold | $82.00 | $75.00 |
Key Insights:
- Action Taken: In response to dynamic market conditions and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their reaction to recent developments related to Monarch Casino & Resort. This insight gives a snapshot of 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 Monarch Casino & Resort compared to the broader market.
- Price Targets: Delving into movements, analysts provide estimates for the future value of Monarch Casino & Resort's stock. This analysis reveals shifts in analysts' expectations over time.
To gain a panoramic view of Monarch Casino & Resort'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 Monarch Casino & Resort analyst ratings.
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Get to Know Monarch Casino & Resort Better
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.
A Deep Dive into Monarch Casino & Resort's Financials
Market Capitalization Analysis: The company's market capitalization is below the industry average, suggesting that it is relatively smaller compared to peers. This could be due to various factors, including perceived growth potential or operational scale.
Positive Revenue Trend: Examining Monarch Casino & Resort's financials over 3 months reveals a positive narrative. The company achieved a noteworthy revenue growth rate of 3.69% as of 30 September, 2024, showcasing a substantial increase 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: Monarch Casino & Resort's financial strength is reflected in its exceptional net margin, which exceeds industry averages. With a remarkable net margin of 20.02%, 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 5.46% ROE, the company effectively utilizes shareholder equity capital.
Return on Assets (ROA): Monarch Casino & Resort's ROA stands out, surpassing industry averages. With an impressive ROA of 4.11%, the company demonstrates effective utilization of assets and strong financial performance.
Debt Management: Monarch Casino & Resort's debt-to-equity ratio is below industry norms, indicating a sound financial structure with a ratio of 0.04.
Understanding the Relevance 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 will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.
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