Melco Crown Entertainment Limited (NASDAQ:MPEL) has been rated by 5 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $21 and the lowest price target forecast is $14. The average forecast of all the analysts is $18.38 and the expected standard deviation is $3.39.
Melco Crown Entertainment Limited has lost 9.43% in the last five trading days and dropped 12.21% in the last 4 weeks. Melco Crown Entertainment Limited has dropped 22.85% during the last 3-month period . Year-to-Date the stock performance stands at -21.86%. Also, Nomura maintains their rating on the shares of Melco Crown Entertainment Limited (NASDAQ:MPEL). The current rating of the shares is Reduce. Equity Analysts at the Firm lowers the price target to $14 per share from $16 per share. The rating by the firm was issued on May 5, 2016.
Melco Crown Entertainment Limited (NASDAQ:MPEL) : 8 analysts are covering Melco Crown Entertainment Limited (NASDAQ:MPEL) and their average rating on the stock is 2.75, which is read as a Hold. 2 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. However, 1 analysts consider that the stock has more downward risks ahead, hence, they suggest a Strong Sell on the stock. A total of 5 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.
Melco Crown Entertainment Limited (NASDAQ:MPEL): The stock opened at $12.66 on Thursday but the bulls could not build on the opening and the stock topped out at $12.66 for the day. The stock traded down to $12.26 during the day, due to lack of any buying support eventually closed down at $12.58 with a loss of -0.71% for the day. The stock had closed at $12.67 on the previous day. The total traded volume was 3,140,550 shares.
Melco Crown Entertainment Limited is a developer, owner and operator of casino gaming and entertainment resort facilities. The Company is principally engaged in the gaming and hospitality business in Asia and its principal operating and developmental activities occur in two geographic areas: Macau and the Philippines. The Company has two casino based operations in Macau, namely, City of Dreams and Altira Macau, and non-casino based operations in Macau at its Mocha Clubs. The Company also has a casino based operation in the Philippines, City of Dreams Manila. The Company is developing the Studio City project, a cinematically-themed integrated entertainment, retail and gaming resort. The Companys other premises include Taipa Square Casino, a casino on Taipa Island, Macau operating within Hotel Taipa Square, including the fit-out and gaming related equipment.