Media stories about Churchill Downs (NASDAQ:CHDN) have trended somewhat positive this week, Accern reports. Accern ranks the sentiment of news coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Churchill Downs earned a coverage optimism score of 0.24 on Accern’s scale. Accern also gave news headlines about the company an impact score of 45.7615197248672 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
Shares of Churchill Downs (NASDAQ:CHDN) traded up $0.75 during trading hours on Thursday, hitting $259.75. 37,679 shares of the company traded hands, compared to its average volume of 135,613. The company has a current ratio of 0.57, a quick ratio of 0.57 and a debt-to-equity ratio of 1.77. The stock has a market cap of $3,985.84, a P/E ratio of 36.90, a PEG ratio of 1.45 and a beta of 0.92. Churchill Downs has a fifty-two week low of $141.80 and a fifty-two week high of $260.05.
Churchill Downs announced that its board has initiated a stock buyback program on Wednesday, November 29th that permits the company to buyback $500.00 million in outstanding shares. This buyback authorization permits the company to repurchase shares of its stock through open market purchases. Shares buyback programs are usually a sign that the company’s management believes its stock is undervalued.
Several analysts have recently issued reports on the company. Zacks Investment Research cut Churchill Downs from a “buy” rating to a “hold” rating in a research note on Tuesday, October 10th. Telsey Advisory Group upped their target price on shares of Churchill Downs from $196.00 to $209.00 and gave the stock a “market perform” rating in a research report on Thursday, October 12th. BidaskClub upgraded shares of Churchill Downs from a “hold” rating to a “buy” rating in a report on Saturday, December 2nd. Finally, Jefferies Group initiated coverage on shares of Churchill Downs in a report on Thursday, January 18th. They issued a “hold” rating and a $261.00 price objective for the company. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Churchill Downs presently has an average rating of “Buy” and a consensus target price of $240.25.
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Churchill Downs Company Profile
Churchill Downs Incorporated is a racing, gaming and online entertainment company. The Company is engaged in brick-and-mortar casino gaming with approximately 9,030 gaming positions in seven states, and is a legal mobile and online platform for betting on horseracing in the United States. It operates through five segments: Racing, Casinos, TwinSpires, Other Investments and Corporate.
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