Navigating 6 Analyst Ratings For Red Rock Resorts
Portfolio Pulse from Benzinga Insights
Over the past three months, 6 analysts have provided diverse opinions on Red Rock Resorts (NASDAQ:RRR), with recent ratings showing 4 somewhat bullish and 2 indifferent stances. The average 12-month price target is $50.5, with a high of $55.00 and a low of $46.00, marking a 1.62% decrease in the average target. Analysts from Truist Securities, Morgan Stanley, JP Morgan, and Wells Fargo have adjusted their ratings and price targets, reflecting changes in market dynamics and company performance. Red Rock Resorts, a gaming and management company, faces revenue challenges with a -0.68% decline over 3 months but has strong profitability indicators such as an 8.63% net margin and a 31.81% ROE. However, its high debt-to-equity ratio of 26.86 raises financial leverage concerns.
December 20, 2023 | 5:00 pm
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NEUTRAL IMPACT
Analysts have mixed opinions on Red Rock Resorts, with a recent decrease in the average price target to $50.5. The company shows strong profitability but faces revenue decline and high debt levels.
The mixed analyst ratings and slight decrease in price target suggest uncertainty, which could lead to a neutral short-term impact on the stock price. The strong profitability indicators may balance out concerns over revenue decline and high debt, leading to a neutral score. The relevance is 100 as the article is directly about RRR. The importance is set at 75 due to the combination of analyst ratings and financial performance indicators that are significant for investors. The confidence level is at 90, reflecting the clear data provided but acknowledging the unpredictable nature of market reactions to analyst ratings.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100