Red Rock Resorts Inc (NASDAQ:RRR) shares shot up 5.5% during mid-day trading on Monday . The company traded as high as $34.99 and last traded at $34.23. 2,504,200 shares changed hands during mid-day trading, an increase of 365% from the average session volume of 538,306 shares. The stock had previously closed at $32.46.
A number of brokerages recently issued reports on RRR. Zacks Investment Research downgraded shares of Red Rock Resorts from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, January 10th. BidaskClub downgraded shares of Red Rock Resorts from a “buy” rating to a “hold” rating in a research note on Tuesday, February 13th. JPMorgan Chase & Co. reiterated a “buy” rating and issued a $33.00 price target on shares of Red Rock Resorts in a research note on Tuesday, November 28th. ValuEngine upgraded shares of Red Rock Resorts from a “hold” rating to a “buy” rating in a research report on Saturday. Finally, Bank of America boosted their price objective on shares of Red Rock Resorts from $26.00 to $30.00 and gave the stock a “buy” rating in a research report on Wednesday, November 8th. Three research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Red Rock Resorts has an average rating of “Buy” and an average price target of $31.43.
The firm has a market cap of $4,040.00 and a PE ratio of 33.79. The company has a debt-to-equity ratio of 4.41, a current ratio of 1.29 and a quick ratio of 1.26.
Red Rock Resorts Company Profile
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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