Can Melco Crown Entertainment Limited (NASDAQ:MPEL) Show Upward Trend after Earnings?

Andrew Cummings
February 17, 2017

They set a "buy" rating and a $22.00 price objective on the stock.

Several other research analysts have also recently weighed in on MPEL. Morgan Stanley raised Melco Crown Entertainment Limited from an equal weight rating to an overweight rating and set a $19.00 target price on the stock in a report on Monday. Analysts giving the company a rating of 3 would be indicating a Hold recommendation. They now have a United States dollars 19 price target on the stock. Wells Fargo & Company reiterated a "neutral" rating on shares of Melco Crown Entertainment Limited in a research report on Saturday, December 10th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, nine have given a buy rating and one has given a strong buy rating to the company.

Stock: Shares popped 4.5% to 18.50 in early trading, clearing a 17.93 buy point. Looking at a shorter time period, shares have been seen -6.84% away from the 50 day high and 23.57% off the 50 day low price.


Brokerage firms now have a positive stance on shares of Melco Crown Entertainment Limited (NASDAQ:MPEL).

Headquartered in Las Vegas, MGM reported earnings per share of 11 cents excluding items, up from a year-ago loss of 6 cents a share, but missing estimates for 21 cents as expenses related to opening up new properties hurt the bottom line.

Melco Crown Entertainment Limited (NASDAQ:MPEL)'s stock has performed at 20.27%. Net revenue at domestic resorts climbed 17% to $1.8 billion. During the same quarter in the previous year, the company posted $0.086 EPS. MPEL's revenue was up 12.7% compared to the same quarter a year ago. The current consensus recommendation provided by covering analysts is 2.30. Shareholders of record on Tuesday, November 15th were given a $0.0126 dividend. This is an increase from Melco Crown Entertainment Limited's previous special dividend of $0.02. The ex-dividend date of this dividend was Thursday, January 19th. This represents a $0.05 dividend on an annualized basis and a yield of 0.32%. Melco Crown Entertainment Limited's dividend payout ratio (DPR) is 25.00%.


Melco Crown Entertainment Limited (NASDAQ:MPEL) reports its Earnings on Tomorrow. If you are reading this report on another site, it was illegally stolen and republished in violation of United States and worldwide copyright & trademark laws. The correct version of this news story can be viewed at https://www.tickerreport.com/banking-finance/2322296/aegis-begins-coverage-on-melco-crown-entertainment-ltd-mpel.html.

A number of hedge funds have recently modified their holdings of the stock.

"Our flagship property in Macau, City of Dreams, generated adjusted property EBITDA of approximately $190 million, an increase of over 10% compared to the prior quarter, despite an increase in supply in Macau, highlighting the property's ongoing position as a leader in the premium gaming segments in Macau", CEO Lawrence Ho said in a statement. Harris Associates L P raised its stake in shares of Melco Crown Entertainment by 25.9% in the second quarter. The stock has reduced about -2.7% since it reported its last earnings. Teachers Advisors LLC raised its stake in shares of Melco Crown Entertainment by 1,373.7% in the third quarter.


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