Eldorado Resorts (NASDAQ:ERI) had its price target raised by equities researchers at JPMorgan Chase to $47.00 in a report released on Tuesday. The brokerage presently has an “overweight” rating on the stock. JPMorgan Chase’s price objective points to a potential upside of 13.25% from the stock’s previous close.
Several other research analysts also recently issued reports on ERI. Jefferies Group started coverage on Eldorado Resorts in a research note on Thursday, January 18th. They set a “buy” rating and a $40.00 price target for the company. BidaskClub downgraded Eldorado Resorts from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, January 30th. 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. Roth Capital started coverage on Eldorado Resorts in a research note on Tuesday, February 20th. They set a “buy” rating and a $41.00 price target for the company. Finally, Telsey Advisory Group started coverage on Eldorado Resorts in a research note on Tuesday, March 13th. They set an “outperform” rating and a $42.00 price target for the company. Two research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $38.05.
Eldorado Resorts stock opened at $41.50 on Tuesday. Eldorado Resorts has a one year low of $17.30 and a one year high of $43.15. The company has a debt-to-equity ratio of 2.32, a current ratio of 1.15 and a quick ratio of 1.07. The firm has a market capitalization of $2,757.51, a price-to-earnings ratio of 4,150.00 and a beta of 1.04.
Eldorado Resorts (NASDAQ:ERI) last released its earnings results on Thursday, February 22nd. The company reported $0.20 EPS for the quarter, missing analysts’ consensus estimates 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 business had revenue of $428.22 million during the quarter, compared to analyst estimates of $431.27 million. analysts predict that Eldorado Resorts will post 1.9 earnings per share for the current year.
A number of institutional investors have recently bought and sold shares of the stock. BlackRock Inc. increased its position in Eldorado Resorts by 2.5% during the 4th quarter. BlackRock Inc. now owns 3,131,127 shares of the company’s stock worth $103,798,000 after purchasing an additional 76,172 shares in the last quarter. Hood River Capital Management LLC increased its position in Eldorado Resorts by 53.5% during the 4th quarter. Hood River Capital Management LLC now owns 1,529,651 shares of the company’s stock worth $50,708,000 after purchasing an additional 533,078 shares in the last quarter. Goldman Sachs Group Inc. increased its position in Eldorado Resorts by 1,470.0% during the 4th quarter. Goldman Sachs Group Inc. now owns 1,315,430 shares of the company’s stock worth $43,606,000 after purchasing an additional 1,231,643 shares in the last quarter. Shellback Capital LP increased its position in Eldorado Resorts by 12.3% during the 4th quarter. Shellback Capital LP now owns 1,123,856 shares of the company’s stock worth $37,256,000 after purchasing an additional 123,000 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its position in Eldorado Resorts by 1.4% during the 3rd quarter. Dimensional Fund Advisors LP now owns 728,741 shares of the company’s stock worth $18,692,000 after purchasing an additional 9,731 shares in the last quarter. Hedge funds and other 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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