The firm set a "buy" rating on the stock. Those same analysts are projecting that the stock will reach $20.04 on a short term basis. BNP Paribas restated a "sell" rating on shares of Melco Crown Entertainment in a report on Sunday, August 28th. They set an "outperform" rating on the stock. Wells Fargo & Company reaffirmed a "neutral" rating and issued a $17.00 price objective (up previously from $13.00) on shares of Melco Crown Entertainment Limited in a research note on Monday, November 7th. Melco Crown Entertainment Limited now has an average rating of Buy and a consensus price target of $17.53.
10/05/2016 - Melco Crown Entertainment Limited had its "neutral" rating reiterated by analysts at Goldman Sachs. The majority of analysts covering the equity have either a Buy or Strong Buy recommendation on the stock, yielding a consensus score of 4.00. The stock's market capitalization is 8.63B, it has a 52-week low of 11.91 and a 52-week high of 20.00. Further back, their 200-Day Simple Moving Average is 25.40% difference from today's price.
Casino operators MGM Resorts International (MGM) and Melco Crown Entertainment (MPEL) both reported mixed fourth-quarter results Thursday but their stocks moved in opposite directions.
Based on several research reports, Melco Crown Entertainment Ltd (ADR) was Upgraded by Morgan Stanley to " Overweight" on Feb 13, 2017.
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Melco, which operates casinos in Macau and elsewhere in Asia, said it earned 12 cents per share, up from a net loss of 2 cents per share a year earlier, according to Thomson Reuters. Net revenue at domestic resorts climbed 17% to $1.8 billion.
Estimates: Earnings per share of 21 cents, rebounding from a year-ago loss of 6 cents a share, with revenue up 12% to $2.46 billion.
The results showed that net revenue during the fourth quarter of last year grew about 13 percent year-on-year from USD1,058 million to nearly USD1,193.
Melco Crown Entertainment Limited (NASDAQ:MPEL) has been given a consensus recommendation of "Buy" by the twenty analysts that are covering the company.
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The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 15th. Shareholders of record on Monday, January 23rd were given a dividend of $1.3212 per share. This is a positive change from Melco Crown Entertainment Limited's previous quarterly dividend of $0.01. The ex-dividend date was Thursday, November 10th. This represents a yield of 0.84%.
Melco Crown Entertainment Limited (NASDAQ:MPEL) Price to Earnings (P/E) ratio is 74.68.
09/08/2016 - Macquarie began new coverage on Melco Crown Entertainment Limited giving the company a "outperform" rating. If you are reading this news story on another domain, it was stolen and reposted in violation of U.S. & worldwide copyright and trademark laws. The correct version of this news story can be accessed at https://www.thecerbatgem.com/2017/02/16/melco-crown-entertainment-limited-mpel-downgraded-by-vetr-inc.html.
A number of hedge funds have recently modified their holdings of the stock. Coronation Fund Managers Ltd. increased its stake in shares of Melco Crown Entertainment Limited by 27.2% in the third quarter. Harris Associates L P raised its stake in shares of Melco Crown Entertainment by 25.9% in the second quarter.
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