Several other equities research analysts also recently issued reports on ERI. BidaskClub raised shares of Eldorado Resorts from a buy rating to a strong-buy rating in a research note on Saturday, March 3rd. Roth Capital began coverage on shares of Eldorado Resorts in a research note on Tuesday, February 20th. They set a buy rating and a $41.00 price target on the stock. SunTrust Banks reaffirmed an average rating and set a $36.00 price target on shares of Eldorado Resorts in a research note on Monday, February 5th. JPMorgan Chase & Co. lifted their price target on shares of Eldorado Resorts from $29.00 to $31.00 and gave the stock an overweight rating in a research note on Wednesday, November 15th. Finally, Jefferies Group began coverage on shares of Eldorado Resorts in a research note on Thursday, January 18th. They set a buy rating and a $40.00 price target on the stock. Two analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of Buy and a consensus target price of $34.00.
Eldorado Resorts (NASDAQ ERI) opened at $36.95 on Tuesday. The company has a current ratio of 1.15, a quick ratio of 1.07 and a debt-to-equity ratio of 2.32. The firm has a market cap of $2,869.51, a price-to-earnings ratio of 42.97 and a beta of 0.98. Eldorado Resorts has a 1-year low of $17.30 and a 1-year high of $38.45.
Several institutional investors and hedge funds have recently added to or reduced their stakes in ERI. Ladenburg Thalmann Financial Services Inc. increased its position in shares of Eldorado Resorts by 117.4% in the 4th quarter. Ladenburg Thalmann Financial Services Inc. now owns 3,287 shares of the company’s stock worth $109,000 after purchasing an additional 1,775 shares during the last quarter. Gamco Investors INC. ET AL bought a new stake in shares of Eldorado Resorts in the 4th quarter worth about $206,000. Amalgamated Bank bought a new stake in shares of Eldorado Resorts in the 4th quarter worth about $211,000. Quantitative Systematic Strategies LLC bought a new stake in shares of Eldorado Resorts in the 4th quarter worth about $223,000. Finally, Raymond James Financial Services Advisors Inc. bought a new stake in shares of Eldorado Resorts in the 3rd quarter worth about $231,000. 84.38% of the stock is owned by institutional investors.
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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