Brokerages Set Monarch Casino & Resort, Inc. (NASDAQ:MCRI) PT at $99.80
Brokerages have a 'Moderate Buy' consensus rating for Monarch Casino & Resort (MCRI), with an average price target of $99.80.Summary
Monarch Casino & Resort, Inc. (NASDAQ:MCRI) has received a “Moderate Buy” consensus rating from seven firms, according to Marketbeat. Analyst ratings include four 'hold', two 'buy', and one 'strong buy'. The average twelve-month price target is $99.80. Recent analyst activity includes upgrades from Zacks Research and price target adjustments from Jefferies and Wells Fargo. CEO John Farahi recently sold shares, while institutional investors like HSBC Holdings and Aristides Capital increased their stakes. The company’s stock opened at $96.68 on Friday, with a 52-week range of $69.99 to $113.88. Recent earnings reported $1.25 EPS, missing estimates, with revenue of $140.00 million. A quarterly dividend of $0.30 per share was also announced. Monarch Casino & Resort operates the Atlantis Casino Resort Spa in Reno, Nevada, with diversified revenue streams from gaming, hotel accommodations, and food & beverage.
(Source：Ticker Report)