Red Rock Resorts (NASDAQ:RRR) Receiving Somewhat Favorable Press Coverage, Analysis Finds
Headlines about Red Rock Resorts (NASDAQ:RRR) have been trending somewhat positive this week, Accern Sentiment reports. The research group scores the sentiment of press coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Red Rock Resorts earned a media sentiment score of 0.09 on Accern’s scale. Accern also assigned media headlines about the company an impact score of 45.2157798810483 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
A number of brokerages have recently commented on RRR. Stifel Nicolaus reiterated a “buy” rating and issued a $27.00 price target on shares of Red Rock Resorts in a research note on Friday, July 14th. Zacks Investment Research lowered shares of Red Rock Resorts from a “hold” rating to a “sell” rating in a research note on Wednesday. BidaskClub upgraded shares of Red Rock Resorts from a “strong sell” rating to a “sell” rating in a research note on Friday, September 22nd. ValuEngine upgraded shares of Red Rock Resorts from a “hold” rating to a “buy” rating in a research note on Friday, September 8th. Finally, SunTrust Banks, Inc. assumed coverage on shares of Red Rock Resorts in a research report on Thursday, September 14th. They set a “buy” rating and a $26.00 target price for the company. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and nine have issued a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $26.39.
Red Rock Resorts (NASDAQ:RRR) remained flat at $23.88 during trading on Friday. The company had a trading volume of 757,120 shares. The firm has a 50-day moving average price of $23.29 and a 200-day moving average price of $23.29. Red Rock Resorts has a 12 month low of $21.07 and a 12 month high of $24.67. The company has a market cap of $1.62 billion, a price-to-earnings ratio of 60.76 and a beta of 0.70.
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About Red Rock Resorts
Red Rock Resorts, Inc is a gaming, development and management company. The Company’s segments include Las Vegas operations, Native American management, and Corporate and other. The Las Vegas operations segment includes all of its Las Vegas area casino properties and the Native American management segment includes its Native American management arrangements.
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