Analysts Set Eldorado Resorts Inc (ERI) Target Price at $53.80

Shares of Eldorado Resorts Inc (NASDAQ:ERI) have been given a consensus rating of “Buy” by the nine analysts that are presently covering the company, Marketbeat.com reports. Three investment analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $53.80.

ERI has been the topic of a number of research analyst reports. ValuEngine raised Eldorado Resorts from a “hold” rating to a “buy” rating in a research note on Monday, February 4th. Zacks Investment Research lowered shares of Eldorado Resorts from a “hold” rating to a “strong sell” rating in a research report on Wednesday, January 23rd. Nomura upped their price target on shares of Eldorado Resorts from $38.00 to $42.00 and gave the company a “neutral” rating in a research report on Thursday, February 28th. BidaskClub lowered shares of Eldorado Resorts from a “buy” rating to a “hold” rating in a research report on Friday, March 15th. Finally, Deutsche Bank restated a “buy” rating and set a $54.00 price target on shares of Eldorado Resorts in a research report on Wednesday, January 23rd.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Texas Permanent School Fund raised its stake in Eldorado Resorts by 5.6% in the fourth quarter. Texas Permanent School Fund now owns 42,541 shares of the company’s stock worth $1,540,000 after buying an additional 2,265 shares in the last quarter. Frontier Capital Management Co. LLC increased its stake in shares of Eldorado Resorts by 42.7% during the fourth quarter. Frontier Capital Management Co. LLC now owns 3,667,359 shares of the company’s stock valued at $132,795,000 after purchasing an additional 1,097,571 shares in the last quarter. Emerald Advisers LLC bought a new position in shares of Eldorado Resorts during the fourth quarter valued at approximately $12,231,000. Emerald Mutual Fund Advisers Trust bought a new position in shares of Eldorado Resorts during the fourth quarter valued at approximately $9,571,000. Finally, RK Capital Management LLC increased its stake in shares of Eldorado Resorts by 10.2% during the fourth quarter. RK Capital Management LLC now owns 244,500 shares of the company’s stock valued at $8,853,000 after purchasing an additional 22,700 shares in the last quarter. Institutional investors and hedge funds own 88.13% of the company’s stock.

ERI traded up $0.54 during trading on Friday, reaching $49.62. The stock had a trading volume of 7,472 shares, compared to its average volume of 787,013. The stock has a market cap of $3.80 billion, a PE ratio of 35.96, a P/E/G ratio of 1.04 and a beta of 1.73. The company has a quick ratio of 0.93, a current ratio of 0.98 and a debt-to-equity ratio of 3.78. Eldorado Resorts has a one year low of $31.86 and a one year high of $51.67.

Eldorado Resorts (NASDAQ:ERI) last released its earnings results on Thursday, May 2nd. The company reported $0.49 EPS for the quarter, beating the Zacks’ consensus estimate of $0.39 by $0.10. The business had revenue of $627.75 million for the quarter, compared to analysts’ expectations of $660.92 million. Eldorado Resorts had a return on equity of 11.41% and a net margin of 5.00%. The firm’s revenue was down 4.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.27 earnings per share. As a group, equities analysts anticipate that Eldorado Resorts will post 2.34 earnings per share for the current year.

About Eldorado Resorts

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.

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Analyst Recommendations for Eldorado Resorts (NASDAQ:ERI)

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