Analyst Ratings for Red Rock Resorts Inc. Cl A (RRR)

Updated: 2017-07-28

Analysts covering Red Rock Resorts Inc. Cl A (NASDAQ:RRR) have given it a consensus rating of Buy. Last month, RRR received an average rating of Buy.

Of the 9 analysts covering the stock, 8 gave it a buy rating, 0 issued an overweight rating, 1 gave a hold rating, 0 gave an underweight rating, and 0 gave a sell rating. Today, there are 2 more analysts optimistic about the company future as compared with 90 days ago. Meanwhile, the number of analysts pessimistic about the company has increased by 0.

Investment analysts gave a few price targets for RRR. The most optimistic analyst gave a price target of 27, implying a possible profit of 10.47 percent. The minimum price target given was 24, which equates to a potential downside of -1.8 percent. One must be careful with overanalyzing price targets and ratings due to possible conflicts of interest among the analysts releasing them.

Over the past month, analysts have revised their estimates for this quarter's earnings, with a net average change of 0 percent. This can be compared with the average change in earnings estimates over the past 3 months, which is -14.72 percent. Meanwhile, fiscal year estimates have been revised downwards by -0.39 percent, compared to last month. Expanding the time horizon to 3 months, the average change in fiscal year estimates becomes -9.78 percent.

Investors like to see analysts making revisions in the same direction, as that raises confidence in the revisions. Over the past month, 0 analysts increased their quarterly estimates, which can be compared to the 0 analysts that decreased their estimates. Also over the last month, 0 analysts increased their estimates for the FY earnings, compared to 0 analysts that revised their FY estimates downwards.

The growth rate of RRR's earnings is estimated by analysts to be 43.88 percent. The PEG ratio of a stock is another value frequently studied by investors. Smaller PEG ratios are desirable, because people typically see that as an indicator of higher growth relative to stock price. People often look for the PEG ratio to be under 1, but many choose to perform ratio comparisons with other companies in the industry. The PEG ratio of RRR is 0.63.

RRR has traded between a high of 24.94 and a low of 20.58 over the past year. Currently the stock is 18.76 percent higher than its low, and 2 percent below the high. RRR has a price/earnings ratio of 27.84. Investors typically compare the P/E ratio to a company's peers in the industry. The RRR value stock report compares RRR to some of its peers using value stock charts. The market cap of RRR is $2.87 billion. RRR will post this quarters earnings in days, on 0000-00-00.