Shares of Eros International plc (NYSE:EROS) have received an average recommendation of “Hold” from the six ratings firms that are currently covering the firm, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, one has assigned a hold recommendation and two have given a buy recommendation to the company. The average 12-month target price among brokers that have covered the stock in the last year is $17.00.
Several brokerages have recently weighed in on EROS. Zacks Investment Research cut shares of Eros International from a “hold” rating to a “sell” rating in a research note on Tuesday, January 16th. Jefferies Group reaffirmed a “buy” rating and set a $17.00 price target (up from $15.00) on shares of Eros International in a research note on Monday, October 9th. BidaskClub cut shares of Eros International from a “hold” rating to a “sell” rating in a research note on Wednesday, October 25th. Wells Fargo & Co reaffirmed an “outperform” rating and set a $17.00 price target (up from $16.00) on shares of Eros International in a research note on Monday, October 9th. Finally, ValuEngine cut shares of Eros International from a “hold” rating to a “sell” rating in a research note on Friday, October 27th.
Eros International (EROS) traded up $0.45 during midday trading on Thursday, reaching $11.00. The company had a trading volume of 339,508 shares, compared to its average volume of 476,085. Eros International has a twelve month low of $6.65 and a twelve month high of $16.90. The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 0.10. The company has a market cap of $566.79, a PE ratio of 275.07, a price-to-earnings-growth ratio of 3.76 and a beta of 0.56.
Eros International (NYSE:EROS) last posted its earnings results on Wednesday, November 22nd. The company reported ($0.03) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($0.03). Eros International had a return on equity of 0.22% and a net margin of 0.96%. analysts anticipate that Eros International will post 0.2 EPS for the current fiscal year.
Several institutional investors and hedge funds have recently modified their holdings of the company. SG Americas Securities LLC bought a new position in shares of Eros International during the 3rd quarter worth approximately $1,605,000. Gilder Gagnon Howe & Co. LLC boosted its holdings in shares of Eros International by 64.7% in the 3rd quarter. Gilder Gagnon Howe & Co. LLC now owns 4,128,989 shares of the company’s stock valued at $59,045,000 after buying an additional 1,621,460 shares during the last quarter. State Street Corp boosted its holdings in shares of Eros International by 7.1% in the 2nd quarter. State Street Corp now owns 524,135 shares of the company’s stock valued at $6,002,000 after buying an additional 34,838 shares during the last quarter. Boston Common Asset Management LLC boosted its holdings in shares of Eros International by 4.5% in the 2nd quarter. Boston Common Asset Management LLC now owns 21,675 shares of the company’s stock valued at $248,000 after buying an additional 930 shares during the last quarter. Finally, Parametric Portfolio Associates LLC boosted its holdings in shares of Eros International by 36.4% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 30,135 shares of the company’s stock valued at $345,000 after buying an additional 8,041 shares during the last quarter. 60.49% of the stock is owned by institutional investors.
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Eros International Company Profile
Eros International Plc (Eros) is a holding company, which serves the Indian film entertainment industry. The Company’s principal activities include the acquisition, co-production and distribution of Indian films and related content. It distributes its film content through the distribution channels, such as theatrical, including multiplex chains and standalone theaters; television syndication, including satellite television broadcasting, cable television and terrestrial television; digital and ancillary, including music, inflight entertainment, home video, Internet protocol television (IPTV), video on demand (VOD), and Internet channels and Eros Now.
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