Peeling Back The Layers: Exploring Red Rock Resorts Through Analyst Insights
During the last three months, 10 analysts shared their evaluations of Red Rock Resorts (NASDAQ:RRR), revealing diverse outlooks from bullish to bearish.
The following table encapsulates their recent ratings, offering a glimpse into the evolving sentiments over the past 30 days and comparing them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 1 | 5 | 4 | 0 | 0 |
| Last 30D | 0 | 0 | 1 | 0 | 0 |
| 1M Ago | 0 | 0 | 0 | 0 | 0 |
| 2M Ago | 0 | 0 | 1 | 0 | 0 |
| 3M Ago | 1 | 5 | 2 | 0 | 0 |
Insights from analysts' 12-month price targets are revealed, presenting an average target of $61.5, a high estimate of $66.00, and a low estimate of $54.00. This current average represents a 0.32% decrease from the previous average price target of $61.70.
Analyzing Analyst Ratings: A Detailed Breakdown
A comprehensive examination of how financial experts perceive Red Rock Resorts is derived from recent analyst actions. The following is a detailed summary of key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| Stephanie Grambling | Morgan Stanley | Raises | Equal-Weight | $54.00 | $53.00 |
| Shaun Kelley | B of A Securities | Lowers | Neutral | $55.00 | $57.00 |
| 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 |
Key Insights:
- Action Taken: Analysts frequently update their recommendations based on evolving market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Red Rock Resorts. This information provides a snapshot of how analysts perceive the current state of the company.
- Rating: Offering a comprehensive view, analysts assess stocks qualitatively, spanning from 'Outperform' to 'Underperform'. These ratings convey 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.
Analyzing these analyst evaluations alongside relevant financial metrics can provide a comprehensive view of Red Rock Resorts's market position. Stay informed and make data-driven decisions with the assistance of our Ratings Table.
Stay up to date on Red Rock Resorts analyst ratings.
Discovering Red Rock Resorts: A Closer Look
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: Financial Performance Dissected
Market Capitalization Perspectives: The company's market capitalization falls below industry averages, signaling a relatively smaller size compared to peers. This positioning may be influenced by factors such as perceived growth potential or operational scale.
Revenue Growth: Red Rock Resorts's remarkable performance in 3 months is evident. As of 31 March, 2024, the company achieved an impressive revenue growth rate of 12.74%. This signifies a substantial increase in the company's top-line earnings. As compared to its peers, the company achieved a growth rate higher than the average among peers in Consumer Discretionary sector.
Net Margin: Red Rock Resorts's net margin surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 8.76% net margin, the company effectively manages costs and achieves strong profitability.
Return on Equity (ROE): Red Rock Resorts's ROE surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 28.17% ROE, the company effectively utilizes shareholder equity capital.
Return on Assets (ROA): The company's ROA is a standout performer, exceeding industry averages. With an impressive ROA of 1.08%, the company showcases effective utilization of assets.
Debt Management: The company faces challenges in debt management with a debt-to-equity ratio higher than the industry average. With a ratio of 25.53, caution is advised due to increased financial risk.
How Are Analyst Ratings Determined?
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.