Shares of Eldorado Resorts Inc (NASDAQ:ERI) have earned an average rating of “Buy” from the nine research firms that are presently covering the company, MarketBeat Ratings reports. Two analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $34.33.
Several equities research analysts have recently weighed in on the company. BidaskClub upgraded Eldorado Resorts from a “buy” rating to a “strong-buy” rating in a research report on Thursday, December 7th. Zacks Investment Research cut Eldorado Resorts from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Jefferies Group assumed coverage on Eldorado Resorts in a research report on Thursday, January 18th. They set a “buy” rating and a $40.00 price target on the stock. JPMorgan Chase & Co. upped their price target on Eldorado Resorts from $29.00 to $31.00 and gave the company an “overweight” rating in a research report on Wednesday, November 15th. Finally, TheStreet upgraded Eldorado Resorts from a “c” rating to a “b-” rating in a research report on Wednesday, November 1st.
Shares of Eldorado Resorts (ERI) traded up $1.40 during trading on Thursday, reaching $33.55. The company had a trading volume of 1,130,000 shares, compared to its average volume of 759,664. Eldorado Resorts has a fifty-two week low of $15.90 and a fifty-two week high of $35.30. The company has a current ratio of 1.78, a quick ratio of 1.71 and a debt-to-equity ratio of 2.60.
Several institutional investors and hedge funds have recently made changes to their positions in the company. Ladenburg Thalmann Financial Services Inc. increased its position in shares of Eldorado Resorts by 117.4% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 3,287 shares of the company’s stock worth $109,000 after purchasing an additional 1,775 shares during the last quarter. Citigroup Inc. increased its position in shares of Eldorado Resorts by 58,900.0% in the second quarter. Citigroup Inc. now owns 5,900 shares of the company’s stock worth $118,000 after purchasing an additional 5,890 shares during the last quarter. Gamco Investors INC. ET AL bought a new position in shares of Eldorado Resorts in the fourth quarter worth approximately $206,000. Dynamic Technology Lab Private Ltd bought a new position in shares of Eldorado Resorts in the second quarter worth approximately $210,000. Finally, Amalgamated Bank bought a new position in shares of Eldorado Resorts in the fourth quarter worth approximately $211,000. Hedge funds and other institutional investors own 86.29% of the company’s stock.
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.
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