Churchill Downs Incorporated (NASDAQ: CHDN) is -14.72% lower on its value in year-to-date trading and has touched a low of $172.75 and a high of $262.20 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The CHDN stock was last observed hovering at around $205.65 in the last trading session, with the day’s loss setting it -0.22% off its average median price target of $268.50 for the next 12 months. It is also 32.2% off the consensus price target high of $303.00 offered by 5 analysts, but current levels are 19.44% higher than the price target low of $255.00 for the same period.
Currently trading at $205.43, the stock is 6.55% and 5.82% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.14 million and changing -0.11% at the moment leaves the stock -5.82% off its SMA200. CHDN registered 13.46% gain for a year compared to 6-month loss of -5.71%.
The stock witnessed a 10.60% gain in the last 1 month and extending the period to 3 months gives it a -2.50%, and is 5.50% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 3.30% over the week and 3.83% over the month.
Churchill Downs Incorporated (CHDN) has around 5000 employees, a market worth around $7.62B and $1.64B in sales. Current P/E ratio is 31.69 and Fwd P/E is 15.87. Profit margin for the company is 15.60%. Distance from 52-week low is 18.92% and -21.65% from its 52-week high. The company has generated returns on investments over the last 12 months (8.20%).
Churchill Downs Incorporated (CHDN) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for Churchill Downs Incorporated (CHDN) is a “Buy”. 5 analysts offering their recommendations for the stock have an average rating of 1.70, where 0 rate it as a Hold and 0 think it is a “Overweight”. 5 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.
Churchill Downs Incorporated is expected to release its quarterly report on 10/26/2022.The EPS is expected to grow by 31.50% this year.
Churchill Downs Incorporated (CHDN) Top Institutional Holders
The shares outstanding are 38.30M, and float is at 33.51M with Short Float at 1.77%.
Churchill Downs Incorporated (CHDN) Insider Activity
A total of 22 insider transactions have happened at Churchill Downs Incorporated (CHDN) in the last six months, with sales accounting for 4 and purchases happening 18 times. The most recent transaction is an insider purchase by Rankin R Alex ,the company’sDirector. SEC filings show that Rankin R Alex bought 525 shares of the company’s common stock on May 24 at a price of $176.80 per share for a total of $92820.0. Following the purchase, the insider now owns 45880.0 shares.
Churchill Downs Incorporated disclosed in a document filed with the SEC on Sep 16 that Miller Austin W. (SVP, Gaming Operations) sold a total of 5,600 shares of the company’s common stock. The trade occurred on Sep 16 and was made at $225.24 per share for $1.26 million. Following the transaction, the insider now directly holds 19723.0 shares of the CHDN stock.
Still, SEC filings show that on Aug 02, Rankin R Alex (Director) acquired 500 shares at an average price of $192.76 for $96382.0. The insider now directly holds 44,523 shares of Churchill Downs Incorporated (CHDN).
Churchill Downs Incorporated (CHDN): Who are the competitors?
The company’s main competitors (and peers) include Las Vegas Sands Corp. (LVS) that is trading -27.54% down over the past 12 months.