Eldorado Resorts (NASDAQ:ERI)‘s stock had its “average” rating reiterated by analysts at SunTrust Banks in a research report issued on Monday, February 5th. They presently have a $36.00 price objective on the stock. SunTrust Banks’ price target indicates a potential upside of 10.94% from the stock’s current price. SunTrust Banks also issued estimates for Eldorado Resorts’ Q1 2018 earnings at $0.48 EPS, Q2 2018 earnings at $0.50 EPS, Q3 2018 earnings at $0.61 EPS, Q4 2018 earnings at $0.32 EPS, FY2018 earnings at $1.91 EPS and FY2019 earnings at $2.12 EPS.
Other equities analysts also recently issued research reports about the stock. BidaskClub downgraded shares of Eldorado Resorts from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, January 30th. TheStreet upgraded shares of Eldorado Resorts from a “c” rating to a “b-” rating in a research report on Wednesday, November 1st. Zacks Investment Research upgraded shares of Eldorado Resorts from a “sell” rating to a “hold” rating in a research report on Tuesday, October 10th. JPMorgan Chase & Co. raised their price objective on shares of Eldorado Resorts from $29.00 to $31.00 and gave the company an “overweight” rating in a research report on Wednesday, November 15th. Finally, Jefferies Group started coverage on shares of Eldorado Resorts in a research report on Thursday, January 18th. They issued a “buy” rating and a $40.00 price objective for the company. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $32.83.
Eldorado Resorts (NASDAQ ERI) opened at $32.45 on Monday. The firm has a market cap of $2,481.43, a PE ratio of -120.19 and a beta of 0.95. The company has a debt-to-equity ratio of 2.60, a current ratio of 1.78 and a quick ratio of 1.71. Eldorado Resorts has a 12 month low of $15.90 and a 12 month high of $35.30.
A number of institutional investors have recently made changes to their positions in ERI. Ladenburg Thalmann Financial Services Inc. lifted its position in Eldorado Resorts by 117.4% during the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 3,287 shares of the company’s stock valued at $109,000 after purchasing an additional 1,775 shares during the last quarter. Citigroup Inc. lifted its position in Eldorado Resorts by 58,900.0% during the second quarter. Citigroup Inc. now owns 5,900 shares of the company’s stock valued at $118,000 after purchasing an additional 5,890 shares during the last quarter. Gamco Investors INC. ET AL bought a new stake in Eldorado Resorts during the fourth quarter valued at approximately $206,000. Dynamic Technology Lab Private Ltd bought a new stake in Eldorado Resorts during the second quarter valued at approximately $210,000. Finally, Amalgamated Bank bought a new stake in Eldorado Resorts during the fourth quarter valued at approximately $211,000. Institutional investors and hedge funds own 80.69% of the company’s stock.
About Eldorado Resorts
Eldorado Resorts, Inc is a gaming and hospitality company that owns and operates gaming facilities located in Ohio, Louisiana, Nevada, Pennsylvania and West Virginia. The Company’s segments are Nevada, Louisiana, Eastern and Corporate. As of May 1, 2017, the Company owned and operated approximately 503,000 square feet of casino space with approximately 20,000 slot machines and video lottery terminals (VLTs), over 550 table and poker games, 45 restaurants and 6,500 hotel rooms.
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