News coverage about Churchill Downs (NASDAQ:CHDN) has trended somewhat positive recently, according to Accern. The research firm identifies negative and positive news coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Churchill Downs earned a news sentiment score of 0.18 on Accern’s scale. Accern also assigned news stories about the company an impact score of 45.7213149948583 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
These are some of the media headlines that may have impacted Accern Sentiment’s analysis:
CHDN has been the subject of several research analyst reports. Zacks Investment Research upgraded Churchill Downs from a “hold” rating to a “buy” rating and set a $283.00 price objective on the stock in a research note on Tuesday, January 16th. BidaskClub cut Churchill Downs from a “buy” rating to a “hold” rating in a research note on Thursday, December 14th. Finally, Jefferies Group started coverage on Churchill Downs in a research note on Thursday, January 18th. They issued a “hold” rating and a $261.00 price target on the stock. Two analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $240.25.
Churchill Downs (NASDAQ:CHDN) traded up $11.50 on Wednesday, hitting $254.10. The stock had a trading volume of 321,605 shares, compared to its average volume of 167,258. The company has a debt-to-equity ratio of 1.77, a current ratio of 0.57 and a quick ratio of 0.57. Churchill Downs has a twelve month low of $141.80 and a twelve month high of $260.52. The firm has a market capitalization of $3,669.16, a PE ratio of 30.59, a P/E/G ratio of 1.33 and a beta of 1.05.
Churchill Downs declared that its board has initiated a share buyback program on Wednesday, November 29th that authorizes the company to buyback $500.00 million in outstanding shares. This buyback authorization authorizes the company to buy shares of its stock through open market purchases. Shares buyback programs are typically an indication that the company’s leadership believes its stock is undervalued.
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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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