Monarch Casino & Resort (NASDAQ:MCRI) Hits New 1-Year High – What’s Next?
Ticker Report
Monarch Casino & Resort hit a new 52-week high, with analysts upgrading their price targets and the company reporting strong earnings.Summary
Monarch Casino & Resort (NASDAQ:MCRI) reached a new 52-week high on Friday, trading at $124.18. The stock's performance is supported by a consensus rating of "Moderate Buy" and an average price target of $109.50, driven by positive analyst sentiment. Several firms, including Truist Financial and Wall Street Zen, have upgraded their ratings to "buy" or "strong-buy." The company reported strong financial results for the quarter, beating EPS estimates by $0.37 and achieving a net margin of 19.62%. Additionally, the company announced a quarterly dividend of $0.30 and reported insider and institutional trading activity, with institutional investors holding 62.37% of the stock.
(Source：Ticker Report)