Melco Crown Entertainment Limited (NASDAQ:MPEL) had its target price lifted by UBS AG from $32.70 to $38.80 in a research note released on Monday morning, AnalystRatingsNetwork reports. They currently have a buy rating on the stock.
UBS AG has also updated their ratings on a number of other services stocks in the last week. The firm downgraded shares of ABB Ltd. from a buy rating to a neutral rating. Also, UBS AG raised its price target on shares of Juniper Networks from $25.00 to $26.00. They have a buy rating on that stock.
A number of other analysts have also recently weighed in on MPEL. Analysts at Credit Suisse downgraded shares of Melco Crown Entertainment Limited from an outperform rating to a neutral rating in a research note to investors on Wednesday, October 16th. Separately, analysts at Jefferies Group upgraded shares of Melco Crown Entertainment Limited from a hold rating to a buy rating in a research note to investors on Wednesday, October 16th. They now have a $41.80 price target on the stock. Finally, analysts at JPMorgan Chase & Co. raised their price target on shares of Melco Crown Entertainment Limited from $33.00 to $40.00 in a research note to investors on Friday, October 11th. They now have an overweight rating on the stock. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and sixteen have issued a buy rating to the company. The company presently has an average rating of Buy and an average target price of $31.37.
Melco Crown Entertainment Limited (NASDAQ:MPEL) traded down 0.97% during mid-day trading on Monday, hitting $33.74. 3,231,477 shares of the company’s stock traded hands. Melco Crown Entertainment Limited has a 1-year low of $12.50 and a 1-year high of $31.42. The stock’s 50-day moving average is $27.11 and its 200-day moving average is $23.94. The company has a market cap of $18.552 billion and a price-to-earnings ratio of 42.06.
Melco Crown Entertainment Limited (NASDAQ:MPEL) last issued its quarterly earnings data on Wednesday, August 7th. The company reported $0.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.28 by $0.05. The company had revenue of $1.30 billion for the quarter, compared to the consensus estimate of $1.21 billion. During the same quarter in the previous year, the company posted $0.15 earnings per share. The company’s revenue for the quarter was up 38.0% on a year-over-year basis. Analysts expect that Melco Crown Entertainment Limited will post $1.18 EPS for the current fiscal year.
Melco Crown Entertainment Limited (NASDAQ:MPEL) is a developer, owner and, through its subsidiary Melco Crown Gaming, operator of casino gaming and entertainment resort facilities focused on the Macau market.
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