Aegis Capital Initiates Coverage On Red Rock Resorts to Buy with Price Target $27.5

Aegis Capital Initiates Coverage On Red Rock Resorts(RRR). In a research note issued to the investors, the brokerage major Announces the price-target to $27.5 per share. The shares have been rated Buy. The rating by the stock financial advisor at Aegis Capital was issued on Feb 13, 2017 in a research report to their Investors and Clients.

In a different note, Goldman Sachs said it Initiates Coverage On Red Rock Resorts, according to a research note issued on Dec 16, 2016. In the research note, the firm Announces the price-target to $23 per share. The shares have been rated ‘Neutral’ by the firm.

Red Rock Resorts (RRR) shares turned negative on Wednesdays trading session with the shares closing down -0.4 points or -1.71% at a volume of 4,21,257. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $23.435. The peak price level was also seen at $23.435 while the days lowest was $22.97. Finally the shares closed at $22.98. The 52-week high of the shares is $24.67 while the 52-week low is $18.25. According to the latest information available, the market cap of the company is $2,663 M.

Red Rock Resorts(RRR) last announced its earnings results on Nov 7, 2016 for Fiscal Year 2016 and Q3.Company reported revenue of $347.14M. Analysts had an estimated revenue of $333.90M. Earnings per share were $0.20. The reported EPS was above estimates by $0.06 or NaN%. Analysts had estimated an EPS of $0.26.

Several Insider Transactions has been reported to the SEC. On Nov 18, 2016, Bank Ag\ Deutsche (10% owner) sold 1.9222678E7 shares at $20.75 per share price.Also, On Nov 15, 2016, Daniel J Roy (EVP and COO) sold 73,000 shares at $21.56 per share price.

Add Comment