Bullish Options Activity on Melco Crown Entertainment Ltd (ADR) Surges After Better Fundamentals


 Bullish Options Activity on Melco Crown Entertainment Ltd (ADR) Surges After Better Fundamentals

In today’s session Melco Crown Entertainment Ltd (ADR) (MPEL) registered an unusually high (1,003) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the October, 2016 call, expecting serious MPEL increase. With 1,003 contracts traded and 20824 open interest for the Oct, 16 contract, it seems this is a quite bullish bet. The option with symbol: MPEL161021C00017000 closed last at: $0.4 or 0% . The stock increased 0.43% or $0.07 during the last trading session, hitting $16.33. About 2.72M shares traded hands. Melco Crown Entertainment Ltd (ADR) (NASDAQ:MPEL) has declined 2.58% since March 1, 2016 and is downtrending. It has underperformed by 11.82% the S&P500.

Analysts await Melco Crown Entertainment Ltd (ADR) (NASDAQ:MPEL) to report earnings on November, 3. They expect $0.05 earnings per share, down 54.55% or $0.06 from last year’s $0.11 per share. MPEL’s profit will be $27.43M for 81.65 P/E if the $0.05 EPS becomes a reality. After $0.05 actual earnings per share reported by Melco Crown Entertainment Ltd (ADR) for the previous quarter, Wall Street now forecasts 0.00% EPS growth.

Melco Crown Entertainment Ltd (ADR) (NASDAQ:MPEL) Ratings Coverage

Out of 10 analysts covering Melco Crown Entertainment (NASDAQ:MPEL), 4 rate it a “Buy”, 0 “Sell”, while 6 “Hold”. This means 40% are positive. $28 is the highest target while $16 is the lowest. The $22.75 average target is 39.31% above today’s ($16.33) stock price. Melco Crown Entertainment has been the topic of 17 analyst reports since July 28, 2015 according to StockzIntelligence Inc. The stock of Melco Crown Entertainment Ltd (ADR) (NASDAQ:MPEL) earned “Overweight” rating by Morgan Stanley on Monday, January 11. The rating was maintained by Brean Capital with “Buy” on Tuesday, July 28. On Thursday, March 17 the stock rating was upgraded by Macquarie Research to “Neutral”. On Monday, October 5 the stock rating was upgraded by JP Morgan to “Neutral”. The stock of Melco Crown Entertainment Ltd (ADR) (NASDAQ:MPEL) has “Underperform” rating given on Monday, September 21 by Macquarie Research. The company was downgraded on Wednesday, April 20 by HSBC. Deutsche Bank upgraded Melco Crown Entertainment Ltd (ADR) (NASDAQ:MPEL) on Tuesday, October 6 to “Hold” rating. As per Wednesday, December 9, the company rating was initiated by Gabelli. On Monday, April 4 the stock rating was downgraded by Credit Suisse to “Neutral”. On Monday, October 12 the stock rating was upgraded by Credit Suisse to “Outperform”.

Melco Crown Entertainment Limited is a holding company. The company has a market cap of $8.96 billion. The Company, through its subsidiaries, develops, owns and operates casino gaming and entertainment casino resort facilities in Asia. It has a 94.9 P/E ratio. The Firm is principally engaged in the gaming and hospitality business in Asia and its principal operating and developmental activities occur in over two geographic areas, which include Macau and the Philippines.

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