Eldorado Resorts Inc (NASDAQ:ERI) has been assigned an average recommendation of “Buy” from the nine analysts that are covering the stock, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $34.33.
ERI has been the topic of several research analyst reports. BidaskClub cut shares of Eldorado Resorts from a “hold” rating to a “sell” rating in a research report on Wednesday, October 25th. Zacks Investment Research cut shares of Eldorado Resorts from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Jefferies Group initiated 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 on the stock. JPMorgan Chase & Co. upped their price objective on shares of Eldorado Resorts from $29.00 to $31.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 15th. Finally, TheStreet upgraded shares of Eldorado Resorts from a “c” rating to a “b-” rating in a research report on Wednesday, November 1st.
Hedge funds have recently bought and sold shares of the stock. Ladenburg Thalmann Financial Services Inc. grew 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 acquiring an additional 1,775 shares during the last quarter. Citigroup Inc. grew 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 acquiring an additional 5,890 shares during the last quarter. Gamco Investors INC. ET AL bought a new position in Eldorado Resorts during the fourth quarter valued at approximately $206,000. Dynamic Technology Lab Private Ltd bought a new position in Eldorado Resorts during the second quarter valued at approximately $210,000. Finally, Amalgamated Bank bought a new position in Eldorado Resorts during the fourth quarter valued at approximately $211,000. Institutional investors own 86.29% of the company’s stock.
Shares of Eldorado Resorts (NASDAQ:ERI) opened at $32.55 on Thursday. Eldorado Resorts has a 52-week low of $15.90 and a 52-week high of $35.30. The firm has a market capitalization of $2,520.00, a PE ratio of -108.50 and a beta of 0.95. The company has a current ratio of 1.78, a quick ratio of 1.71 and a debt-to-equity ratio of 2.60.
TRADEMARK VIOLATION NOTICE: “Eldorado Resorts Inc (ERI) Given Consensus Rating of “Buy” by Analysts” was reported by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are reading this piece of content on another website, it was illegally copied and republished in violation of United States and international trademark & copyright laws. The original version of this piece of content can be accessed at https://www.dispatchtribunal.com/2018/02/22/eldorado-resorts-inc-eri-given-consensus-rating-of-buy-by-analysts.html.
Eldorado Resorts Company Profile
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.
Receive News & Ratings for Eldorado Resorts Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Eldorado Resorts and related companies with MarketBeat.com's FREE daily email newsletter.