Telsey Advisory Remains a Buy on Churchill Downs Inc (CHDN)

By Jason Carr

In a report released today, Brian McGill from Telsey Advisory maintained a Buy rating on Churchill Downs Inc (CHDNResearch Report), with a price target of $135. The company’s shares opened today at $116.42, close to its 52-week high of $117.14.

McGill has an average return of 14.3% when recommending Churchill Downs Inc.

According to TipRanks.com, McGill is ranked #1658 out of 5223 analysts.

Churchill Downs Inc has an analyst consensus of Moderate Buy, with a price target consensus of $130.50.

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Based on Churchill Downs Inc’s latest earnings release for the quarter ending March 31, the company reported a quarterly net profit of $11.6 million. In comparison, last year the company had a net profit of $103 million.

Based on the recent corporate insider activity of 52 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of CHDN in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Churchill Downs, Inc. operates as a provider of pari-mutuel horseracing, online account wagering on horseracing and casino gaming. It operates through the following business segments: Racing, Casino, Online Wagering, Corporate, and Other Investments.