A glimpse of nine analysts’ expert views on Churchill Downs

Over the past three months, nine analysts have evaluated Churchill Downs (NASDAQ:CHDN), offering varying opinions from bullish to bearish.

The following table provides a brief overview of their recent ratings, highlighting changing sentiments over the past 30 days and comparing them to previous months.

Insights from analysts’ 12-month price targets are revealed, with an average price target of $145.67, a high estimate of $153.00, and a low estimate of $137.00. This uptrend is clearly visible, with the current average reflecting an increase of 1.58% from the previous average price target of $143.40.

Interpreting analyst ratings: A closer look

A clear picture of the perception of Churchill Downs among financial experts is painted with an in-depth analysis of recent analyst actions. The overview below provides an overview of the top analysts, their recent evaluations and adjustments to ratings and price targets.

Key insights:

• Measures taken: Analysts respond to changes in market conditions and company performance and regularly update their recommendations. Whether they ‘maintain’, ‘increase’ or ‘decrease’ their position, it reflects their response to recent developments regarding Churchill Downs. This information provides a snapshot of how analysts perceive the current state of the company.
• Judgement: By revealing insights, analysts deliver qualitative insights into stock performance, from ‘Outperform’ to ‘Underperform’. These ratings provide expectations for Churchill Downs’ relative performance compared to the broader market.
• Price targets: Analysts gauge price target dynamics and provide estimates for the future value of Churchill Downs stock. This comparison reveals trends in analyst expectations over time.

For valuable insights into Churchill Downs’ market performance, check out these analyst assessments alongside crucial financial indicators. Stay informed and make wise decisions using our rating table.

Stay up to date with Churchill Downs analyst ratings.

Revealing the story behind Churchill Downs

Churchill Downs Inc is a gaming entertainment, online gambling and racing company. It operates through three business segments: Live and Historical Racing, TwinSpires and Gaming. The Live and Historic Racing segment includes live and historic pari-mutuel races. The TwinSpires segment includes revenues and expenses for online horse racing and online and retail sports betting and iGaming betting. The Gaming segment includes the revenues and expenses for the casino properties and associated racetracks that support the casino license. The Gaming segment generates revenues and expenses from slot machines, table games, video lottery terminals, video poker, HRMs, ancillary food and beverage services, hotel services, commissions on pari-mutuel betting and racing events.

Churchill Downs’ financial performance

Market Capitalization Highlights: The company’s market capitalization is above the industry average and indicates significant size, indicating strong confidence and a prominent position in the market.

Sales growth: Churchill Downs’ sales growth over a three-month period was remarkable. As of March 31, 2024, the company achieved revenue growth of approx 5.61%. This indicates a substantial increase in the company’s revenue. Compared to peers, the company lags behind with a growth rate that is lower than the average of peers in the consumer discretionary sector.

Net margin: Churchill Downs’ net margin exceeds and exceeds industry benchmarks 13.61%. This means efficient cost management and strong financial health.

Return on Equity (ROE): Churchill Downs’ financial strength is reflected in its exceptional return on equity, which exceeds the industry average. With a remarkable ROE of 9.35%, the company demonstrates efficient use of equity and strong financial health.

Return on Assets (ROA): Churchill Downs’ ROA stands out and exceeds industry averages. With an impressive ROA of 1.15%the company demonstrates effective asset utilization and strong financial performance.

Debt management: The company faces debt management challenges, with its debt-to-equity ratio higher than the industry average. With a ratio of 5.96caution is advised due to the increased financial risk.

Analyst ratings: what are they?

Analysts work in banking and financial systems and typically specialize in reporting for stocks or defined sectors. Analysts can attend company conference calls and meetings, research companies’ financial statements, and communicate with insiders to publish “analyst ratings” for stocks. Analysts typically rate each stock once a quarter.

Some analysts also provide forecasts for useful metrics such as earnings, revenue, and growth estimates to provide further guidance on what to do with certain tickers. It is important to keep in mind that although stock and sector analysts are specialists, they are also human and can only predict their beliefs to traders.

This article was generated by Benzinga’s automated content engine and reviewed by an editor.