Red Rock Resorts – Consensus Indicates Potential 40.5% Upside

Red Rock Resorts – Consensus Indicates Potential 40.5% Upside

Red Rock Resorts with ticker code (RRR) have now 8 analysts covering the stock. The analyst consensus points to a rating of ‘Buy’. The range between the high target price and low target price is between 18 and 10 with the average target price sitting at 14.13. Given that the stocks previous close was at 10.06 this is indicating there is a potential upside of 40.5%. The day 50 moving average is 12.57 while the 200 day moving average is 15.42. The company has a market capitalisation of $1,192m. Company Website: http://www.redrockresorts.com

Red Rock Resorts, through its interest in Station Holdco and Station LLC, engages in casino entertainment, and gaming and entertainment businesses in the United States. It operates through two segments, Las Vegas Operations and Native American Management. The company develops, manages, and operates casino entertainment properties; and owns and operates 10 gaming and entertainment facilities, and 10 smaller casinos in the Las Vegas regional market. In addition, it manages Graton Resort & Casino in northern California. It operates approximately 20,400 slot machines, 375 table games, and 5,000 hotel rooms. The company was formerly known as Station Casinos Corp. and changed its name to Red Rock Resorts in January 2016. Red Rock Resorts is based in Las Vegas, Nevada.

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