Eldorado Resorts (NASDAQ:ERI) had its target price raised by analysts at Telsey Advisory Group from $42.00 to $48.00 in a research report issued on Tuesday, Marketbeat reports. The firm presently has an “outperform” rating on the stock. Telsey Advisory Group’s price target indicates a potential upside of 16.22% from the stock’s current price.
ERI has been the topic of several other research reports. Jefferies Group started coverage on shares of Eldorado Resorts in a report on Thursday, January 18th. They set a “buy” rating and a $40.00 price objective on the stock. BidaskClub downgraded shares of Eldorado Resorts from a “strong-buy” rating to a “buy” rating in a report on Wednesday, March 21st. Macquarie upgraded shares of Eldorado Resorts from a “neutral” rating to an “outperform” rating and upped their price objective for the company from $17.30 to $38.45 in a report on Tuesday, April 3rd. Roth Capital started coverage on shares of Eldorado Resorts in a report on Tuesday, February 20th. They set a “buy” rating and a $41.00 price objective on the stock. Finally, SunTrust Banks restated an “average” rating and set a $36.00 price objective on shares of Eldorado Resorts in a report on Monday, February 5th. Two investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Eldorado Resorts presently has an average rating of “Buy” and a consensus price target of $40.49.
ERI opened at $41.30 on Tuesday. Eldorado Resorts has a 52-week low of $17.30 and a 52-week high of $43.15. The company has a debt-to-equity ratio of 2.32, a quick ratio of 1.07 and a current ratio of 1.15. The stock has a market cap of $3,205.51, a PE ratio of 4,130.00 and a beta of 1.04.
Eldorado Resorts (NASDAQ:ERI) last posted its quarterly earnings data on Thursday, February 22nd. The company reported $0.20 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.24 by ($0.04). Eldorado Resorts had a net margin of 5.17% and a negative return on equity of 0.19%. The company had revenue of $428.22 million for the quarter, compared to analyst estimates of $431.27 million. analysts anticipate that Eldorado Resorts will post 1.9 earnings per share for the current fiscal year.
A number of large investors have recently modified their holdings of ERI. Nationwide Fund Advisors increased its holdings in Eldorado Resorts by 60.7% in the 3rd quarter. Nationwide Fund Advisors now owns 123,310 shares of the company’s stock worth $3,163,000 after buying an additional 46,554 shares during the period. Bank of New York Mellon Corp increased its holdings in Eldorado Resorts by 1.0% in the 3rd quarter. Bank of New York Mellon Corp now owns 527,940 shares of the company’s stock worth $13,542,000 after buying an additional 5,048 shares during the period. SG Americas Securities LLC acquired a new position in Eldorado Resorts in the 3rd quarter worth approximately $247,000. American International Group Inc. increased its holdings in Eldorado Resorts by 8.1% in the 3rd quarter. American International Group Inc. now owns 30,925 shares of the company’s stock worth $793,000 after buying an additional 2,312 shares during the period. Finally, Legal & General Group Plc increased its holdings in Eldorado Resorts by 110.8% in the 3rd quarter. Legal & General Group Plc now owns 24,454 shares of the company’s stock worth $627,000 after buying an additional 12,854 shares during the period. Institutional investors own 84.36% of the company’s stock.
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About Eldorado Resorts
Eldorado Resorts, Inc, a gaming and hospitality company, owns and operates gaming facilities in Ohio, Louisiana, Nevada, Pennsylvania, West Virginia, Colorado, Florida, Iowa, Mississippi, and Missouri. It owns and operates Eldorado Resort Casino Reno, a 814-room hotel, casino and entertainment facility; Silver Legacy Resort Casino, a 1,711-room themed hotel and casino; Circus Circus Reno, a 1,571-room hotel-casino and entertainment complex; Eldorado Resort Casino Shreveport, a 403-room, all suite art deco-style hotel and tri-level riverboat dockside casino; Mountaineer Casino, Racetrack & Resort, a 357-room hotel, casino, entertainment, and live thoroughbred horse racing facility; Presque Isle Downs & Casino, a casino and live thoroughbred horse racing facility; and Eldorado Gaming Scioto Downs, a modern racino.
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