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Truist Financial Remains a Buy on Monarch Casino & Resort (MCRI)

Tipranks - Thu Apr 23, 6:34AM CDT

Truist Financial analyst Barry Jonas maintained a Buy rating on Monarch Casino & Resort today and set a price target of $125.00.

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According to TipRanks, Jonas is a 3-star analyst with an average return of 1.5% and a 42.13% success rate. Jonas covers the Consumer Cyclical sector, focusing on stocks such as DraftKings, Brightstar Lottery, and Monarch Casino & Resort.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Monarch Casino & Resort with a $108.67 average price target.

Based on Monarch Casino & Resort’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $140 million and a net profit of $22.94 million. In comparison, last year the company earned a revenue of $134.51 million and had a net profit of $4.21 million

Based on the recent corporate insider activity of 7 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of MCRI in relation to earlier this year. Last month, John Farahi, the CEO of MCRI sold 3,000.00 shares for a total of $295,430.00.

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