Churchill Downs, Inc [CHDN] stock is trading at $114.51, up 1.61%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The CHDN shares have lost -0.17% over the last week, with a monthly amount drifted -6.97%, and not seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Churchill Downs, Inc [NASDAQ: CHDN] stock has seen the most recent analyst activity on August 12, 2024, when BofA Securities upgraded its rating to a Buy and also boosted its price target to $155 from $145. Previously, Wells Fargo upgraded its rating to Overweight on April 15, 2024, and elevated its price target to $141. On March 26, 2024, Mizuho initiated with a Buy rating and assigned a price target of $142 on the stock. Wells Fargo downgraded its rating to a Equal Weight and increased its price target to $137 on January 05, 2024. CapitalOne initiated its recommendation with a Overweight and recommended $144 as its price target on October 12, 2023. Stifel started tracking with a Buy rating for this stock on October 03, 2023, and assigned it a price target of $148. In a note dated March 17, 2023, Truist initiated an Buy rating and provided a target price of $300 on this stock.
Churchill Downs, Inc [CHDN] stock has fluctuated between $111.10 and $150.21 over the past year. Currently, Wall Street analysts expect the stock to reach $157.5 within the next 12 months. Churchill Downs, Inc [NASDAQ: CHDN] shares were valued at $114.51 at the most recent close of the market. An investor can expect a potential return of 37.54% based on the average CHDN price forecast.
Analyzing the CHDN fundamentals
Churchill Downs, Inc [NASDAQ:CHDN] reported sales of 2.73B for the trailing twelve months, which represents a growth of 11.23%. Gross Profit Margin for this corporation currently stands at 0.51% with Operating Profit Margin at 0.26%, Pretax Profit Margin comes in at 0.21%, and Net Profit Margin reading is 0.16%. To continue investigating profitability, this company’s Return on Assets is posted at 0.06, Equity is 0.42 and Total Capital is 0.11. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of4.54.
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 113.07 points at the first support level, and at 111.63 for the second support level. However, for the 1st resistance point, the stock is sitting at 115.32, and for the 2nd resistance point, it is at 116.13.
Ratios To Look Out For
For context, Churchill Downs, Inc’s Current Ratio is 0.57. In addition, the Quick Ratio stands at 0.55 and the Cash Ratio stands at 0.24. Considering the valuation of this stock, the price to sales ratio is 3.08, the price to book ratio is 7.77 and price to earnings (TTM) ratio is 20.16.
Transactions by insiders
Recent insider trading involved FEALY ROBERT L, Former Director, that happened on Sep 23 ’24 when 1000.0 shares were purchased. Former Director, FEALY ROBERT L completed a deal on Sep 09 ’24 to buy 4879.0 shares. Meanwhile, Former Director FEALY ROBERT L bought 5121.0 shares on Aug 29 ’24.
