Throughout the last three months, 9 analysts have evaluated Churchill Downs CHDN, offering a diverse set of opinions from bullish to bearish.
The following table provides a quick overview of their recent ratings, highlighting the changing sentiments over the past 30 days and comparing them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 4 | 4 | 1 | 0 | 0 |
| Last 30D | 3 | 0 | 0 | 0 | 0 |
| 1M Ago | 0 | 2 | 1 | 0 | 0 |
| 2M Ago | 1 | 1 | 0 | 0 | 0 |
| 3M Ago | 0 | 1 | 0 | 0 | 0 |
Insights from analysts' 12-month price targets are revealed, presenting an average target of $145.67, a high estimate of $153.00, and a low estimate of $137.00. This upward trend is evident, with the current average reflecting a 1.58% increase from the previous average price target of $143.40.
Interpreting Analyst Ratings: A Closer Look
A clear picture of Churchill Downs's perception among financial experts is painted with a thorough analysis of recent analyst actions. The summary below 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 |
|---|---|---|---|---|---|
| Barry Jonas | Truist Securities | Raises | Buy | $145.00 | $140.00 |
| Jeffrey Stantial | Stifel | Raises | Buy | $153.00 | $150.00 |
| Ben Chaiken | Mizuho | Raises | Buy | $143.00 | $142.00 |
| Daniel Politzer | Wells Fargo | Raises | Overweight | $141.00 | $137.00 |
| Jordan Bender | JMP Securities | Maintains | Market Outperform | $150.00 | - |
| Daniel Politzer | Wells Fargo | Maintains | Equal-Weight | $137.00 | - |
| Ben Chaiken | Mizuho | Announces | Buy | $142.00 | - |
| Jordan Bender | JMP Securities | Maintains | Market Outperform | $150.00 | - |
| Jordan Bender | JMP Securities | Raises | Market Outperform | $150.00 | $148.00 |
Key Insights:
- Action Taken: Analysts respond to changes in market conditions and company performance, frequently updating their recommendations. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Churchill Downs. This information offers a snapshot of how analysts perceive 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 Churchill Downs compared to the broader market.
- Price Targets: Analysts gauge the dynamics of price targets, providing estimates for the future value of Churchill Downs's stock. This comparison reveals trends in analysts' expectations over time.
For valuable insights into Churchill Downs'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 Churchill Downs analyst ratings.
Unveiling the Story Behind Churchill Downs
Churchill Downs Inc is a gaming entertainment, online wagering, and racing company. It operates through three business segments: Live and Historical Racing, TwinSpires, and Gaming. The Live and Historical Racing segment includes live and historical pari-mutuel racing. The TwinSpires segment includes the revenue and expenses for online horse racing and the online and retail sports betting and iGaming wagering business. The Gaming segment includes revenue and expenses for the casino properties and associated racetracks that support the casino license. The Gaming segment generates revenue and expenses from slot machines, table games, video lottery terminals, video poker, HRMs, ancillary food and beverage services, hotel services, commission on pari-mutuel wagering, and racing events.
Churchill Downs's Financial Performance
Market Capitalization Highlights: Above the industry average, the company's market capitalization signifies a significant scale, indicating strong confidence and market prominence.
Revenue Growth: Churchill Downs's revenue growth over a period of 3 months has been noteworthy. As of 31 March, 2024, the company achieved a revenue growth rate of approximately 5.61%. This indicates a substantial increase in the company's top-line earnings. In comparison to its industry peers, the company trails behind with a growth rate lower than the average among peers in the Consumer Discretionary sector.
Net Margin: Churchill Downs's net margin excels beyond industry benchmarks, reaching 13.61%. This signifies efficient cost management and strong financial health.
Return on Equity (ROE): Churchill Downs's financial strength is reflected in its exceptional ROE, which exceeds industry averages. With a remarkable ROE of 9.35%, the company showcases efficient use of equity capital and strong financial health.
Return on Assets (ROA): Churchill Downs's ROA stands out, surpassing industry averages. With an impressive ROA of 1.15%, the company demonstrates effective utilization of assets and strong financial performance.
Debt Management: The company faces challenges in debt management with a debt-to-equity ratio higher than the industry average. With a ratio of 5.96, caution is advised due to increased financial risk.
Analyst Ratings: What Are They?
Analysts work in banking and financial systems and typically specialize in reporting for stocks or defined sectors. Analysts may attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish "analyst ratings" for stocks. Analysts typically rate each stock once per quarter.
Some analysts also offer predictions for helpful metrics such as earnings, revenue, and growth estimates to provide further guidance as to what to do with certain tickers. It is important to keep in mind that while stock and sector analysts are specialists, they are also human and can only forecast their beliefs to traders.
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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