Recent significant positive changes in fundamentals have benefitted Churchill Downs Inc (NASDAQ: CHDN): the consensus estimate for December, 2025 increased significantly, the consensus estimate for December, 2024 increased significantly, and significant quarterly earnings acceleration occurred.
Important positive changes in Churchill Downs Inc (NASDAQ: CHDN) investment behavior have recently occurred: its longer term price trend turned up.
In light of these very positive signals we are reviewing our current Overall Rating of B. We would continue to view the shares with optimism pending completion of this review in the next several days.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to exceed the cost of capital, CHDN is expected to continue to be a major Value Builder.
Churchill Downs has a current Value Trend Rating of B (Positive). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing inconsistent signals. Churchill Downs has a good Appreciation Score of 80 but a neutral Power Rating of 49, leading to the Positive Value Trend Rating.
Recent Price Action
Churchill Downs Inc (NASDAQ: CHDN) stock rose modestly by 0.7% on 5/3/24. The stock closed at $134.02. NORMAL trading volume accompanied the advance. The stock has performed in line with the market over the last nine months and has risen 3.7% during the last week.
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