12 Month Price Forecast For MCRI
Distance to MCRI Price Forecasts
MCRI Price Momentum
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Disclaimer: The information provided by Ticker Nerd is for educational and informational purposes only. It should not be considered financial or investment advice. Past performance is not indicative of future results. Always conduct your own research and consult with a qualified financial advisor before making any investment decisions. Analyst ratings and price forecasts are sourced from Wall St analysts and other experts. These projections are speculative and do not guarantee future stock performance.
Data last updated: February 6, 2025 6:16 PM UTC
MCRI Analyst Ratings & Price Targets
Based on our analysis of 7 Wall Street analysts, MCRI has a consensus that is neutral. The median price target is $82.00, with forecasts ranging from $79.00 to $100.00. Currently, there are 1 Buy ratings, 3 Hold ratings, and 1 Sell ratings.
With MCRI currently trading at $86.44, the median price forecast suggests a -5.1% downside. The most optimistic forecast comes from Barry Jonas at Truist Securities, projecting a 15.7% upside, while Zachary Silverberg at Wells Fargo provides the most conservative target, suggesting a -8.6% downside.
Please note that analyst price targets are forward-looking estimates subject to substantial market, economic, and company-specific risks. Past performance does not guarantee future results, and actual stock performance may materially differ from these projections. Investors should conduct their own due diligence and consider their investment objectives and risk tolerance before making investment decisions.
MCRI Analyst Consensus
MCRI Price Target Range
Latest MCRI Stock Forecasts by Analyst
These are the latest 20 analyst ratings and price targets for MCRI.
Date | Firm | Analyst | Rating | Change | Price Target |
---|---|---|---|---|---|
Jan 14, 2025 | Truist Securities | Barry Jonas | Buy | Upgrade | $100.00 |
Jan 3, 2025 | Jefferies | David Katz | Hold | Maintains | $88.00 |
Dec 16, 2024 | Wells Fargo | Zachary Silverberg | Underweight | Initiates | $79.00 |
Oct 24, 2024 | Stifel | Jeffrey Stantial | Hold | Maintains | $77.00 |
Oct 23, 2024 | Truist Securities | Barry Jonas | Hold | Maintains | $82.00 |
Jul 25, 2024 | Truist Securities | Barry Jonas | Hold | Maintains | $75.00 |
Jul 25, 2024 | Macquarie | Chad Beynon | Neutral | Maintains | $76.00 |
Apr 18, 2024 | Macquarie | Chad Beynon | Neutral | Maintains | $76.00 |
Feb 15, 2024 | Truist Securities | Barry Jonas | Hold | Maintains | $74.00 |
Jan 5, 2024 | Stifel | Jeffrey Stantial | Hold | Downgrade | $70.00 |
Oct 19, 2023 | Truist Securities | Barry Jonas | Hold | Downgrade | $65.00 |
Oct 19, 2023 | Stifel | Jeffrey Stantial | Buy | Maintains | $83.00 |
Oct 18, 2023 | Truist Securities | Barry Jonas | Buy | Maintains | $90.00 |
Jun 27, 2023 | Truist Securities | Barry Jonas | Buy | Reiterates | $95.00 |
Jan 18, 2023 | Macquarie | Chad Beynon | Neutral | Downgrade | $81.00 |
Oct 20, 2022 | Stifel | Jeffrey Stantial | Buy | Upgrade | $77.00 |
Oct 20, 2022 | Truist Securities | Barry Jonas | Buy | Maintains | $89.00 |
Jul 20, 2022 | Truist Securities | Barry Jonas | Buy | Maintains | $85.00 |
Apr 21, 2022 | Jefferies | David Katz | Hold | Downgrade | $90.00 |
Apr 21, 2022 | Stifel | Hold | Downgrade | $0.00 |
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Monarch Casino & Resort Inc (MCRI) Financial Data
Monarch Casino & Resort Inc has a market capitalization of $1.59B with a P/E ratio of 19.1x. The company generates $515.86M in trailing twelve-month revenue with a 16.8% profit margin.
Revenue growth is +3.7% quarter-over-quarter, while maintaining an operating margin of +25.4% and return on equity of +17.1%.
Valuation Metrics
Growth & Margins
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Monarch Casino & Resort Inc (MCRI) Company Overview
About Monarch Casino & Resort Inc
Operates casinos and resorts in Nevada and Colorado.
Monarch Casino & Resort, Inc. generates revenue primarily through its casino operations, hotel accommodations, and spa services. By providing a full-service entertainment experience, including gaming, dining, and hospitality, the company attracts a diverse clientele, thereby enhancing its revenue streams.
Founded in 1993 and headquartered in Reno, Nevada, the company has established itself in the gaming and hospitality industry. The properties are strategically located to capture regional tourism and gaming markets, which can provide growth opportunities.
Company Information
Sector
Consumer Cyclical
Industry
Resorts & Casinos
Employees
2,900
CEO
Mr. John Farahi
Country
United States
IPO Year
1993
Website
www.monarchcasino.comMonarch Casino & Resort Inc (MCRI) Latest News & Analysis
A cash dividend of $0.30 per share has been declared, payable on December 15, 2024.
The cash dividend announcement signals a company's profitability and commitment to returning value to shareholders, potentially boosting investor confidence and stock price.
Monarch Casino (MCRI) reported Q3 earnings of $1.47 per share, exceeding the Zacks Consensus Estimate of $1.37 and up from $1.38 per share in the previous year.
Monarch Casino's earnings beat estimates, indicating strong performance and growth. Positive earnings surprises can boost investor confidence and potentially increase stock value.
Monarch Casino (MCRI) reported its quarterly performance for September 2024, with key metrics available for comparison against Wall Street estimates and the previous year's results.
Comparing Monarch Casino's quarterly performance to Wall Street estimates and prior year results helps gauge growth, profitability, and market expectations, influencing investment decisions.
Monarch Casino & Resort is expected to report strong growth in casino revenue for the third quarter.
Strong Casino revenue growth signals potential for increased profitability, which can boost stock performance and attract investor interest in Monarch Casino & Resort.
Monarch Casino & Resort to Report 2024 Third Quarter Results After Market Close on October 23
3 months agoMonarch Casino & Resort, Inc. (NASDAQ: MCRI) will release its Q3 2024 financial results after market close on October 23, 2024.
Monarch Casino's upcoming Q3 financial results release could impact stock prices and investor sentiment, reflecting the company's performance and future outlook.
Bistro Napa has achieved the AAA Four Diamond designation, highlighting its status among top-tier restaurants in North America, which may enhance its market appeal and customer interest.
Bistro Napa's AAA Four Diamond designation enhances its reputation, likely increasing customer traffic and revenue, which can positively impact investors' interests in the hospitality sector.
Frequently Asked Questions About MCRI Stock
What is Monarch Casino & Resort Inc's (MCRI) stock forecast for 2025?
Based on our analysis of 7 Wall Street analysts, Monarch Casino & Resort Inc (MCRI) has a median price target of $82.00. The highest price target is $100.00 and the lowest is $79.00.
Is MCRI stock a good investment in 2025?
According to current analyst ratings, MCRI has 1 Buy ratings, 3 Hold ratings, and 1 Sell ratings. The stock is currently trading at $86.44. Always conduct your own research and consider your investment goals before making investment decisions.
What is the price prediction for MCRI stock?
Wall Street analysts predict MCRI stock could reach $82.00 in the next 12 months. This represents a -5.1% decrease from the current price of $86.44. Please note that this is a projection by Wall Street analysts and not a guarantee.
What is Monarch Casino & Resort Inc's business model?
Monarch Casino & Resort, Inc. generates revenue primarily through its casino operations, hotel accommodations, and spa services. By providing a full-service entertainment experience, including gaming, dining, and hospitality, the company attracts a diverse clientele, thereby enhancing its revenue streams.
What is the highest forecasted price for MCRI Monarch Casino & Resort Inc?
The highest price target for MCRI is $100.00 from Barry Jonas at Truist Securities, which represents a 15.7% increase from the current price of $86.44.
What is the lowest forecasted price for MCRI Monarch Casino & Resort Inc?
The lowest price target for MCRI is $79.00 from Zachary Silverberg at Wells Fargo, which represents a -8.6% decrease from the current price of $86.44.
What is the overall MCRI consensus from analysts for Monarch Casino & Resort Inc?
The overall analyst consensus for MCRI is neutral. Out of 7 Wall Street analysts, 1 rate it as Buy, 3 as Hold, and 1 as Sell, with a median price target of $82.00.
How accurate are MCRI stock price projections?
Stock price projections, including those for Monarch Casino & Resort Inc, are based on various factors including financial models, market conditions, and analyst forecasts. While these predictions provide valuable insights, they should be considered alongside your own research and risk tolerance.