Assessing Monarch Casino & Resort: Insights From 4 Financial Analysts
Portfolio Pulse from Benzinga Insights
Monarch Casino & Resort (NASDAQ:MCRI) has been evaluated by 4 financial analysts over the past three months, with mixed opinions. The average 12-month price target is now $77.00, down from $93.00, with a high estimate of $90.00 and a low of $65.00. Analysts Jeffrey Stantial of Stifel and Barry Jonas of Truist Securities have both lowered their price targets. Monarch Casino & Resort's financial performance shows a slight revenue decline, an exceptional net margin, and strong ROE and ROA, with a low debt-to-equity ratio.
January 05, 2024 | 3:01 pm
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Analysts have mixed views on MCRI, with a decreased average price target of $77.00, suggesting a bearish sentiment. The company's strong financials may counterbalance the negative impact of the revenue decline and lowered price targets.
The mixed analyst ratings and lowered price targets suggest uncertainty, which could lead to a neutral short-term impact on MCRI's stock price. However, the company's strong financial metrics, such as high net margin and ROE, may provide some support to the stock price, balancing out the potential negative effects of the revenue decline and bearish analyst sentiment.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100