Across the recent three months, 8 analysts have shared their insights on Red Rock Resorts RRR, expressing a variety of opinions spanning 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 | 1 | 4 | 3 | 0 | 0 |
| Last 30D | 0 | 1 | 0 | 0 | 0 |
| 1M Ago | 1 | 3 | 1 | 0 | 0 |
| 2M Ago | 0 | 0 | 2 | 0 | 0 |
| 3M Ago | 0 | 0 | 0 | 0 | 0 |
Analysts' evaluations of 12-month price targets offer additional insights, showcasing an average target of $56.75, with a high estimate of $62.00 and a low estimate of $48.00. Witnessing a positive shift, the current average has risen by 11.58% from the previous average price target of $50.86.
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 |
|---|---|---|---|---|---|
| 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 |
| Steve Wieczynski | Stifel | Raises | Hold | $54.00 | $47.00 |
| Barry Jonas | Truist Securities | Raises | Hold | $55.00 | $46.00 |
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 Red Rock Resorts. 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 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.
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.
Get to Know Red Rock Resorts Better
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: Financial Performance Dissected
Market Capitalization Analysis: The company exhibits a lower market capitalization profile, positioning itself below industry averages. This suggests a smaller scale relative to peers.
Revenue Challenges: Red Rock Resorts's revenue growth over 3 months faced difficulties. As of 30 September, 2023, the company experienced a decline of approximately -0.68%. This indicates a decrease in top-line earnings. When compared to others in the Consumer Discretionary sector, the company faces challenges, achieving a growth rate lower than the average among peers.
Net Margin: Red Rock Resorts's net margin excels beyond industry benchmarks, reaching 8.63%. This signifies efficient cost management and strong financial health.
Return on Equity (ROE): Red Rock Resorts's financial strength is reflected in its exceptional ROE, which exceeds industry averages. With a remarkable ROE of 31.81%, the company showcases efficient use of equity capital and strong financial health.
Return on Assets (ROA): The company's ROA is a standout performer, exceeding industry averages. With an impressive ROA of 0.94%, the company showcases effective utilization of assets.
Debt Management: Red Rock Resorts's debt-to-equity ratio is notably higher than the industry average. With a ratio of 26.86, the company relies more heavily on borrowed funds, indicating a higher level of financial risk.
The Significance of Analyst Ratings Explained
Analyst ratings serve as essential indicators of stock performance, provided by experts in banking and financial systems. These specialists diligently analyze company financial statements, participate in conference calls, and engage with insiders to generate quarterly ratings for individual stocks.
In addition to their assessments, some analysts extend their insights by offering predictions for key metrics such as earnings, revenue, and growth estimates. This supplementary information provides further guidance for traders. It is crucial to recognize that, despite their specialization, analysts are human and can only provide forecasts based on their beliefs.
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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