Shares of Eldorado Resorts Inc (NASDAQ:ERI) have received a consensus rating of “Buy” from the ten ratings firms that are presently covering the stock, MarketBeat.com reports. Two research analysts have rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $35.43.
ERI has been the topic of several research reports. 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 target on the stock. BidaskClub upgraded shares of Eldorado Resorts from a “buy” rating to a “strong-buy” rating in a research report on Thursday, December 7th. Zacks Investment Research lowered shares of Eldorado Resorts from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. SunTrust Banks reiterated an “average” rating and issued a $36.00 price target on shares of Eldorado Resorts in a research report on Monday, February 5th. Finally, Roth Capital initiated coverage on shares of Eldorado Resorts in a research report on Tuesday, February 20th. They issued a “buy” rating and a $41.00 price target on the stock.
Eldorado Resorts stock traded up $0.50 during mid-day trading on Monday, hitting $34.40. 83,830 shares of the stock traded hands, compared to its average volume of 739,339. The firm has a market capitalization of $2,684.13, a price-to-earnings ratio of 39.65 and a beta of 0.98. Eldorado Resorts has a twelve month low of $17.30 and a twelve month high of $38.45. The company has a quick ratio of 1.07, a current ratio of 1.15 and a debt-to-equity ratio of 2.32.
Several institutional investors and hedge funds have recently made changes to their positions in the stock. MetLife Investment Advisors LLC purchased a new position in shares of Eldorado Resorts during the fourth quarter valued at approximately $676,000. Ladenburg Thalmann Financial Services Inc. lifted its stake in shares of 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 buying an additional 1,775 shares during the period. G&S Capital LLC purchased a new position in shares of Eldorado Resorts during the fourth quarter valued at approximately $938,000. Two Sigma Advisers LP lifted its stake in shares of Eldorado Resorts by 46.6% during the fourth quarter. Two Sigma Advisers LP now owns 672,234 shares of the company’s stock valued at $22,285,000 after buying an additional 213,567 shares during the period. Finally, Goldman Sachs Group Inc. raised its stake in Eldorado Resorts by 1,470.0% during the fourth 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 during the period. 84.33% of the stock is currently owned by institutional investors and hedge funds.
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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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