BidaskClub downgraded shares of Red Rock Resorts (NASDAQ:RRR) from a strong-buy rating to a buy rating in a research note issued to investors on Thursday morning.
Several other research analysts have also recently issued reports on RRR. JPMorgan Chase & Co. reissued a buy rating and set a $33.00 price target on shares of Red Rock Resorts in a report on Tuesday, November 28th. SunTrust Banks assumed coverage on shares of Red Rock Resorts in a report on Thursday, September 14th. They set a buy rating and a $26.00 price target for the company. ValuEngine raised shares of Red Rock Resorts from a hold rating to a buy rating in a report on Sunday, December 31st. Zacks Investment Research cut shares of Red Rock Resorts from a hold rating to a sell rating in a report on Wednesday, October 11th. Finally, Bank of America increased their price target on shares of Red Rock Resorts from $26.00 to $30.00 and gave the stock a buy rating in a report on Wednesday, November 8th. One research analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the company. The stock currently has a consensus rating of Buy and a consensus target price of $30.50.
Shares of Red Rock Resorts (RRR) traded up $0.22 during trading hours on Thursday, hitting $32.91. 414,700 shares of the stock were exchanged, compared to its average volume of 594,033. Red Rock Resorts has a 1-year low of $20.87 and a 1-year high of $34.89. The company has a quick ratio of 1.26, a current ratio of 1.29 and a debt-to-equity ratio of 4.41. The stock has a market capitalization of $3,820.00 and a PE ratio of 31.95.
Red Rock Resorts Company Profile
Red Rock Resorts, Inc is a gaming, development and management company. The Company’s segments include Las Vegas operations, Native American management, and Corporate and other. The Las Vegas operations segment includes all of its Las Vegas area casino properties and the Native American management segment includes its Native American management arrangements.
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