Zacks: Studio City International Holdings Limited (MSC) Given $20.00 Average Price Target by Brokerages

Shares of Studio City International Holdings Limited (NYSE:MSC) have earned a consensus broker rating score of 3.70 (Sell) from the one brokers that provide coverage for the stock, Zacks Investment Research reports. One analyst has rated the stock with a sell recommendation.

Brokers have set a twelve-month consensus price objective of $20.00 for the company and are predicting that the company will post ($0.26) earnings per share for the current quarter, according to Zacks. Zacks has also given Studio City International an industry rank of 166 out of 257 based on the ratings given to related companies.

Separately, Morgan Stanley initiated coverage on shares of Studio City International in a research note on Monday, November 12th. They issued an “underweight” rating and a $20.00 price objective for the company.

Shares of MSC traded down $0.18 on Thursday, reaching $17.30. The company’s stock had a trading volume of 100 shares, compared to its average volume of 10,348. The company has a debt-to-equity ratio of 2.81, a quick ratio of 3.58 and a current ratio of 3.65. Studio City International has a twelve month low of $13.79 and a twelve month high of $28.59.

About Studio City International

Studio City International Holdings Limited operates a gaming, retail, and entertainment resort in Cotai, Macau. The company also operates Studio City Casino with 250 mass market gaming tables; approximately 970 gaming machines; and 45 VIP rolling chip tables. In addition, its resort provides various non-gaming facilities, including approximately 1,600 hotel rooms; various food and beverage establishments; retail space; figure-8 Ferris wheel; a Warner Bros.-themed family entertainment center; a 4-D Batman flight simulator; a night club; and a 5,000-seat live performance arena.

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