What Analysts Are Saying About Churchill Downs Stock
Portfolio Pulse from Benzinga Insights
Churchill Downs (NASDAQ:CHDN) has been analyzed by 6 analysts, showing a shift from bullish to indifferent sentiment over the last three months. The average 12-month price target is now $142.17, down from $149.33. Analysts from Wells Fargo, Truist Securities, Susquehanna, JMP Securities, and Capital One have provided various ratings and price target adjustments. Churchill Downs operates in gaming, online wagering, and racing, with strong financials including a 49.44% revenue growth rate, a net margin of 10.66%, and an ROE of 7.0%, but a high debt-to-equity ratio of 5.31.
January 05, 2024 | 4:00 pm
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NEUTRAL IMPACT
Churchill Downs has seen a shift from bullish to indifferent sentiment among analysts, with a lowered average price target of $142.17. Despite strong financials, the high debt-to-equity ratio may concern investors.
The change in analyst sentiment from bullish to indifferent and the reduction in the average price target could create uncertainty among investors, potentially leading to a neutral short-term impact on CHDN's stock price. The company's strong financial performance may counterbalance concerns over its high debt levels, leading to a neutral score. The relevance is 100 as the article is directly about CHDN. The importance is set at 75 due to the significant role analyst ratings play in investor decisions. The confidence level is 85, reflecting the clear data provided but acknowledging the unpredictable nature of market reactions to analyst ratings.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100