Shares of Melco Resorts & Entertainment Limited (NASDAQ:MLCO – Get Free Report) have been given an average rating of “Moderate Buy” by the five brokerages that are currently covering the stock, MarketBeat.com reports. Two investment analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1 year target price among brokerages that have covered the stock in the last year is $14.78.
A number of research firms have weighed in on MLCO. StockNews.com upgraded Melco Resorts & Entertainment from a “sell” rating to a “hold” rating in a research note on Friday, April 5th. Morgan Stanley reiterated an “equal weight” rating and set a $9.60 price objective on shares of Melco Resorts & Entertainment in a research note on Tuesday, January 2nd.
View Our Latest Stock Report on MLCO
Institutional Investors Weigh In On Melco Resorts & Entertainment
Melco Resorts & Entertainment Price Performance
Shares of MLCO stock opened at $6.27 on Thursday. The firm has a market capitalization of $2.79 billion, a price-to-earnings ratio of -9.95 and a beta of 1.11. The business has a fifty day moving average of $7.37 and a 200 day moving average of $7.91. Melco Resorts & Entertainment has a 1 year low of $6.10 and a 1 year high of $14.00.
Melco Resorts & Entertainment (NASDAQ:MLCO – Get Free Report) last issued its earnings results on Thursday, February 29th. The company reported $0.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.03 by $0.10. The firm had revenue of $1.09 billion during the quarter, compared to analysts’ expectations of $1.14 billion. The business’s revenue was up 224.4% on a year-over-year basis. During the same quarter last year, the business earned ($0.51) EPS. As a group, equities research analysts expect that Melco Resorts & Entertainment will post 0.28 earnings per share for the current year.
About Melco Resorts & Entertainment
Melco Resorts & Entertainment Limited, through its subsidiaries, develops, owns, and operates casino gaming and entertainment casino resort facilities in Asia. It owns and operates City of Dreams, an integrated casino resort that has 500 gaming tables and 800 gaming machines; approximately 1,400 hotel rooms and suites; a wet stage performance theater with approximately 2,000 seats; approximately 30 restaurants and bars, and 150 retail outlets; and recreation and leisure facilities, including health and fitness clubs, swimming pools, spa and salons, and banquet and meeting facilities.
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