Demystifying Red Rock Resorts: Insights From 13 Analyst Reviews

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Analysts' ratings for Red Rock Resorts RRR over the last quarter vary from bullish to bearish, as provided by 13 analysts.

Summarizing their recent assessments, the table below illustrates the evolving sentiments in the past 30 days and compares them to the preceding months.

Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish
Total Ratings 3 6 4 0 0
Last 30D 1 3 1 0 0
1M Ago 1 2 2 0 0
2M Ago 1 1 0 0 0
3M Ago 0 0 1 0 0

The 12-month price targets, analyzed by analysts, offer insights with an average target of $61.92, a high estimate of $69.00, and a low estimate of $51.00. Witnessing a positive shift, the current average has risen by 3.06% from the previous average price target of $60.08.

Diving into Analyst Ratings: An In-Depth Exploration

An in-depth analysis of recent analyst actions unveils 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
Brandt Montour Barclays Lowers Overweight $63.00 $64.00
Jordan Bender JMP Securities Lowers Market Outperform $65.00 $66.00
Daniel Politzer Wells Fargo Lowers Overweight $63.00 $66.00
Steve Wieczynski Stifel Lowers Hold $59.00 $61.00
Ben Chaiken Mizuho Lowers Buy $66.00 $69.00
Barry Jonas Truist Securities Raises Hold $60.00 $58.00
Brandt Montour Barclays Raises Overweight $64.00 $62.00
Jordan Bender JMP Securities Raises Market Outperform $66.00 $61.00
Stephanie Grambling Morgan Stanley Raises Equal-Weight $53.00 $51.00
Shaun Kelley B of A Securities Raises Buy $57.00 $52.00
Joseph Greff JP Morgan Raises Overweight $69.00 $63.00
Ben Chaiken Mizuho Announces Buy $69.00 -
Stephanie Grambling Morgan Stanley Raises Equal-Weight $51.00 $48.00

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: Delving into assessments, analysts assign qualitative values, from 'Outperform' to 'Underperform'. These ratings communicate expectations for the relative performance of Red Rock Resorts compared to the broader market.
  • Price Targets: Analysts predict movements in price targets, offering estimates for Red Rock Resorts's future value. Examining the current and prior targets offers insights into analysts' evolving expectations.

Capture valuable insights into Red Rock Resorts's market standing by understanding these analyst evaluations alongside pertinent financial indicators. Stay informed and make strategic decisions with our Ratings Table.

Stay up to date on Red Rock Resorts analyst ratings.

Unveiling the Story Behind 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.

Red Rock Resorts's Economic Impact: An Analysis

Market Capitalization Analysis: The company's market capitalization is below the industry average, suggesting that it is relatively smaller compared to peers. This could be due to various factors, including perceived growth potential or operational scale.

Revenue Growth: Red Rock Resorts displayed positive results in 3 months. As of 31 December, 2023, the company achieved a solid revenue growth rate of approximately 8.75%. This indicates a notable increase in the company's 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 is impressive, surpassing industry averages. With a net margin of 12.17%, the company demonstrates strong profitability and effective cost management.

Return on Equity (ROE): The company's ROE is a standout performer, exceeding industry averages. With an impressive ROE of 38.54%, the company showcases effective utilization of equity capital.

Return on Assets (ROA): Red Rock Resorts's ROA surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 1.44% ROA, the company effectively utilizes its assets for optimal returns.

Debt Management: Red Rock Resorts's debt-to-equity ratio stands notably higher than the industry average, reaching 19.75. This indicates a heavier reliance on borrowed funds, raising concerns about financial leverage.

The Significance of Analyst Ratings Explained

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.

Beyond their standard evaluations, some analysts contribute predictions for metrics like growth estimates, earnings, and revenue, furnishing investors with additional guidance. Users of analyst ratings should be mindful that this specialized advice is shaped by human perspectives and may be subject to variability.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

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