Throughout the last three months, 12 analysts have evaluated Red Rock Resorts RRR, offering a diverse set of opinions from bullish to bearish.
The table below provides a snapshot of their recent ratings, showcasing how sentiments have evolved over the past 30 days and comparing them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 2 | 8 | 2 | 0 | 0 |
| Last 30D | 1 | 0 | 0 | 0 | 0 |
| 1M Ago | 0 | 0 | 0 | 0 | 0 |
| 2M Ago | 0 | 5 | 1 | 0 | 0 |
| 3M Ago | 1 | 3 | 1 | 0 | 0 |
Providing deeper insights, analysts have established 12-month price targets, indicating an average target of $59.75, along with a high estimate of $69.00 and a low estimate of $48.00. This current average has increased by 12.52% from the previous average price target of $53.10.
Decoding Analyst Ratings: A Detailed Look
A comprehensive examination of how financial experts perceive Red Rock Resorts 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 |
|---|---|---|---|---|---|
| Ben Chaiken | Mizuho | Announces | Buy | $69.00 | - |
| Stephanie Grambling | Morgan Stanley | Raises | Equal-Weight | $51.00 | $48.00 |
| Joseph Greff | JP Morgan | Raises | Overweight | $63.00 | $53.00 |
| Brandt Montour | Barclays | Raises | Overweight | $62.00 | $60.00 |
| Jordan Bender | JMP Securities | Raises | Market Outperform | $61.00 | $55.00 |
| Joseph Stauff | Susquehanna | Raises | Positive | $66.00 | $52.00 |
| Daniel Politzer | Wells Fargo | Raises | Overweight | $62.00 | $57.00 |
| Carlo Santarelli | Deutsche Bank | Raises | Buy | $62.00 | $54.00 |
| Jordan Bender | JMP Securities | Raises | Market Outperform | $55.00 | $52.00 |
| Brandt Montour | Barclays | Announces | Overweight | $60.00 | - |
| Chad Beynon | Macquarie | Raises | Outperform | $58.00 | $51.00 |
| Stephanie Grambling | Morgan Stanley | Lowers | Equal-Weight | $48.00 | $49.00 |
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: Unveiling insights, analysts deliver qualitative insights into stock performance, from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Red Rock Resorts compared to the broader market.
- Price Targets: Analysts provide insights into price targets, offering estimates for the future value of Red Rock Resorts's stock. This comparison reveals trends in analysts' expectations over time.
For valuable insights into Red Rock Resorts's market performance, consider these analyst evaluations alongside crucial financial indicators. Stay well-informed and make prudent decisions using our Ratings Table.
Stay up to date on Red Rock Resorts analyst ratings.
All You Need to Know About 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.
Unraveling the Financial Story of Red Rock Resorts
Market Capitalization Analysis: Positioned below industry benchmarks, the company's market capitalization faces constraints in size. This could be influenced by factors such as growth expectations or operational capacity.
Revenue Growth: Red Rock Resorts's revenue growth over a period of 3 months has been noteworthy. As of 31 December, 2023, the company achieved a revenue growth rate of approximately 8.75%. This indicates a substantial increase in the company's 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 surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 12.17% net margin, the company effectively manages costs and achieves strong profitability.
Return on Equity (ROE): Red Rock Resorts's ROE surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 38.54% ROE, the company effectively utilizes shareholder equity capital.
Return on Assets (ROA): Red Rock Resorts's financial strength is reflected in its exceptional ROA, which exceeds industry averages. With a remarkable ROA of 1.44%, the company showcases efficient use of assets and strong financial health.
Debt Management: Red Rock Resorts's debt-to-equity ratio is notably higher than the industry average. With a ratio of 19.75, the company relies more heavily on borrowed funds, indicating a higher level of financial risk.
Understanding the Relevance of Analyst Ratings
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.
Analysts may enhance their evaluations by incorporating forecasts for metrics like growth estimates, earnings, and revenue, delivering additional guidance to investors. It is vital to acknowledge that, although experts in stocks and sectors, analysts are human and express their opinions when providing insights.
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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