Monarch Casino & Resort (NASDAQ:MCRI) Upgraded to Strong-Buy at Zacks Research
Zacks Research upgraded Monarch Casino & Resort to a 'strong-buy' rating, while other firms maintained 'buy' or 'hold' ratings.Summary
Monarch Casino & Resort (NASDAQ:MCRI) received an upgrade from a 'hold' to a 'strong-buy' rating from Zacks Research on Tuesday. This move comes alongside other analyst actions, including Truist Financial raising its price target to $125.00 and Stifel Nicolaus increasing its target to $102.00. Despite these positive ratings, the stock currently holds a consensus rating of 'Moderate Buy' with an average price target of $109.50. Financially, the company reported earnings per share of $1.52 for the quarter, beating analyst estimates of $1.15, with revenue increasing 8.9% year-over-year. The stock is trading above its 50-day moving average of $101.24, and insiders own 26.34% of the company, while institutional investors hold 62.37%.
(Source：The Lincolnian Online)