Currently, Churchill Downs, Inc [CHDN] is trading at $112.97, up 2.34%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The CHDN shares have gain 6.08% over the last week, with a monthly amount drifted -7.08%, 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.
This stock has fluctuated between a low of $105.18 and a high of $150.21 over the last 52 weeks. 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 $112.97 at the most recent close of the market. An investor can expect a potential return of 39.42% based on the average CHDN price forecast.
Analyzing the CHDN fundamentals
Trailing Twelve Months sales for Churchill Downs, Inc [NASDAQ:CHDN] were 2.73B which represents 11.23% growth. 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. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 4.54.
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 111.61 points at the first support level, and at 110.24 for the second support level. However, for the 1st resistance point, the stock is sitting at 113.70, and for the 2nd resistance point, it is at 114.42.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Churchill Downs, Inc [NASDAQ:CHDN] is 0.57. Also, the Quick Ratio is 0.55, while the Cash Ratio stands at 0.24. Considering the valuation of this stock, the price to sales ratio is 3.04, the price to book ratio is 7.66 and price to earnings (TTM) ratio is 19.89.
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.
