Stock Rating Upgrade
The Value Trend Rating for Monarch Casino & Resort Inc (NASDAQ: MCRI) improved in recent days from D to C reflecting improving fundamentals and high Appreciation Potential. Details supporting this higher rating are included in our next report.
Recent Price Action
Monarch Casino & Resort Inc (NASDAQ: MCRI) stock rose modestly by 0.9% on 11/17/23. The stock closed at $64.39. The stock has been weak relative to the market over the last nine months but has risen 3.0% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to exceed the cost of capital, MCRI is expected to continue to be a modest Value Builder.
Monarch Casino & Resort has a current Value Trend Rating of C (Low Neutral). This VT Rating improved in recent days from D previously. With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing consistent signals. Monarch Casino & Resort has a neutral Appreciation Score of 54 and a slightly negative Power Rating of 34, resulting in the Low Neutral Value Trend Rating.
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