Melco Resorts & Entertainment Ltd (NASDAQ:MLCO) had its price objective lifted by analysts at Aegis from $25.00 to $27.00 in a note issued to investors on Monday, May 15th, StockTargetPrices.com reports. The brokerage currently has a “buy” rating on the stock. Aegis’ price target would indicate a potential upside of 19.89% from the stock’s previous close.
MLCO has been the topic of several other research reports. Vetr upgraded Melco Resorts & Entertainment from a “buy” rating to a “strong-buy” rating and set a $19.43 price objective on the stock in a research note on Monday, February 20th. Zacks Investment Research cut Melco Resorts & Entertainment from a “buy” rating to a “hold” rating in a research note on Friday, February 24th. Wells Fargo & Co reaffirmed a “market perform” rating on shares of Melco Resorts & Entertainment in a report on Wednesday, January 25th. TheStreet raised Melco Resorts & Entertainment from a “c+” rating to a “b-” rating in a report on Thursday, May 4th. Finally, Deutsche Bank AG set a $23.00 target price on Melco Resorts & Entertainment and gave the company a “buy” rating in a report on Thursday, February 16th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and twelve have assigned a buy rating to the company. Melco Resorts & Entertainment currently has a consensus rating of “Buy” and a consensus target price of $19.75.
Melco Resorts & Entertainment (NASDAQ MLCO) opened at 22.52 on Monday. The stock has a market cap of $11.00 billion and a P/E ratio of 44.68. The company’s 50-day moving average price is $21.72 and its 200-day moving average price is $18.56. Melco Resorts & Entertainment has a 1-year low of $11.90 and a 1-year high of $23.56.
Melco Resorts & Entertainment (NASDAQ:MLCO) last announced its quarterly earnings data on Thursday, May 4th. The company reported $0.24 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.08 by $0.16. The firm had revenue of $1.28 billion for the quarter, compared to analyst estimates of $1.20 billion. During the same quarter in the previous year, the company earned $0.07 EPS. The company’s quarterly revenue was up 15.7% compared to the same quarter last year. Analysts predict that Melco Resorts & Entertainment will post $0.76 EPS for the current year. The firm also recently disclosed a special dividend, which was paid on Wednesday, May 31st. Investors of record on Tuesday, May 16th were issued a $0.09 dividend. This represents a yield of 1.68%. This is a positive change from Melco Resorts & Entertainment’s previous special dividend of $0.02. The ex-dividend date was Friday, May 12th.