A share price of Churchill Downs, Inc. [CHDN] is currently trading at $129.23, up 4.73%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The CHDN shares have gain 8.32% over the last week, with a monthly amount glided 7.01%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Churchill Downs, Inc. [NASDAQ: CHDN] stock has seen the most recent analyst activity on April 15, 2024, when Wells Fargo upgraded its rating to a Overweight and also boosted its price target to $141 from $137. Previously, Mizuho started tracking the stock with Buy rating on March 26, 2024, and set its price target to $142. On January 05, 2024, downgrade downgraded it’s rating to Equal Weight and revised its price target to $137 on the stock. CapitalOne started tracking the stock assigning a Overweight rating and suggested a price target of $144 on October 12, 2023. Stifel initiated its recommendation with a Buy and recommended $148 as its price target on October 03, 2023. Truist started tracking with a Buy rating for this stock on March 17, 2023, and assigned it a price target of $300. In a note dated January 17, 2023, JMP Securities initiated an Mkt Outperform rating and provided a target price of $273 on this stock.
Churchill Downs, Inc. experienced fluctuations in its stock price throughout the past year between $106.45 and $150.45. Currently, Wall Street analysts expect the stock to reach $126.19 within the next 12 months. Churchill Downs, Inc. [NASDAQ: CHDN] shares were valued at $129.23 at the most recent close of the market. An investor can expect a potential drop of -2.35% based on the average CHDN price forecast.
Analyzing the CHDN fundamentals
Trailing Twelve Months sales for Churchill Downs, Inc. [NASDAQ:CHDN] were 2.49B which represents 5.61% growth. Gross Profit Margin for this corporation currently stands at 0.33% with Operating Profit Margin at 0.23%, Pretax Profit Margin comes in at 0.18%, and Net Profit Margin reading is 0.14%. To continue investigating profitability, this company’s Return on Assets is posted at 0.05, Equity is 0.4 and Total Capital is 0.09. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of5.96.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 126.36 points at the first support level, and at 123.48 for the second support level. However, for the 1st resistance point, the stock is sitting at 132.95, and for the 2nd resistance point, it is at 136.66.
Churchill Downs, Inc. [CHDN] reported earnings per share of $1.13 for its fiscal quarter that ended on 3/31/2024. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.83/share, meaning a difference of $0.3 and a surprise factor of 36.10%. By comparison, the stated earnings for the previous quarter ended on 12/31/2023 were $0.86 per share as compared to estimates of $0.74 per share, a difference of $0.12 representing a surprise of 16.20%.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Churchill Downs, Inc. [NASDAQ:CHDN] is 0.50. Further, the Quick Ratio stands at 0.50, while the Cash Ratio is 0.18. Considering the valuation of this stock, the price to sales ratio is 3.82, the price to book ratio is 11.49 and price to earnings (TTM) ratio is 28.80.
