Eldorado Resorts (NASDAQ:ERI) had its target price upped by Roth Capital from $65.00 to $75.00 in a research report issued to clients and investors on Thursday, The Fly reports. The brokerage currently has a “buy” rating on the stock. Roth Capital’s target price would indicate a potential upside of 36.69% from the company’s previous close.
Several other research analysts also recently commented on the stock. ValuEngine downgraded shares of Eldorado Resorts from a “buy” rating to a “hold” rating in a report on Tuesday, October 22nd. Deutsche Bank reissued a “buy” rating and issued a $66.00 price target on shares of Eldorado Resorts in a report on Wednesday, October 16th. Zacks Investment Research downgraded shares of Eldorado Resorts from a “hold” rating to a “strong sell” rating in a report on Thursday, October 31st. TheStreet raised shares of Eldorado Resorts from a “c+” rating to a “b” rating in a report on Monday. Finally, BidaskClub raised shares of Eldorado Resorts from a “buy” rating to a “strong-buy” rating in a report on Saturday, November 9th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $56.01.
NASDAQ:ERI traded up $2.03 during trading hours on Thursday, hitting $54.87. The stock had a trading volume of 86,581 shares, compared to its average volume of 1,110,095. The company has a 50 day simple moving average of $50.21 and a two-hundred day simple moving average of $45.60. The company has a debt-to-equity ratio of 3.68, a current ratio of 2.32 and a quick ratio of 2.28. Eldorado Resorts has a one year low of $31.86 and a one year high of $54.99. The firm has a market capitalization of $4.15 billion, a price-to-earnings ratio of 39.76, a P/E/G ratio of 1.47 and a beta of 1.60.
Eldorado Resorts (NASDAQ:ERI) last announced its quarterly earnings results on Wednesday, November 6th. The company reported $0.48 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.63 by ($0.15). Eldorado Resorts had a net margin of 3.61% and a return on equity of 8.99%. The firm had revenue of $663.20 million during the quarter, compared to the consensus estimate of $674.72 million. During the same period in the previous year, the business earned $0.48 earnings per share. The firm’s revenue for the quarter was up 36.1% on a year-over-year basis. Equities research analysts anticipate that Eldorado Resorts will post 1.53 earnings per share for the current year.
In related news, insider Stephanie Lepori sold 5,000 shares of Eldorado Resorts stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $51.32, for a total value of $256,600.00. Following the transaction, the insider now owns 17,599 shares in the company, valued at approximately $903,180.68. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Roger P. Wagner sold 24,305 shares of Eldorado Resorts stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $53.64, for a total transaction of $1,303,720.20. Following the completion of the transaction, the director now owns 18,445 shares in the company, valued at approximately $989,389.80. The disclosure for this sale can be found here. Insiders own 1.50% of the company’s stock.
Large investors have recently modified their holdings of the stock. Nisa Investment Advisors LLC raised its position in Eldorado Resorts by 59.3% in the 3rd quarter. Nisa Investment Advisors LLC now owns 860 shares of the company’s stock worth $34,000 after purchasing an additional 320 shares during the period. Marshall Wace LLP purchased a new position in Eldorado Resorts in the 1st quarter worth $69,000. Cerebellum GP LLC purchased a new position in Eldorado Resorts in the 3rd quarter worth $73,000. Point72 Hong Kong Ltd raised its position in Eldorado Resorts by 9,365.6% in the 2nd quarter. Point72 Hong Kong Ltd now owns 3,029 shares of the company’s stock worth $140,000 after purchasing an additional 2,997 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its position in Eldorado Resorts by 49.8% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,175 shares of the company’s stock worth $192,000 after purchasing an additional 1,388 shares during the period. Institutional investors own 98.65% of the company’s stock.
Eldorado Resorts Company Profile
Eldorado Resorts, Inc operates as a gaming and hospitality company in the United States. It owns and operates Eldorado Resort Casino Reno, a hotel, casino, and entertainment facility; Silver Legacy Resort Casino, a themed hotel and casino; Circus Circus Reno, a hotel-casino and entertainment complex; Eldorado Resort Casino Shreveport, a hotel and tri-level riverboat dockside casino; Mountaineer Casino, Racetrack & Resort, a 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.
See Also: Cash Asset Ratio
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.