Eldorado Resorts (NASDAQ:ERI) was upgraded by equities research analysts at BidaskClub from a “buy” rating to a “strong-buy” rating in a research report issued to clients and investors on Thursday.
A number of other research analysts have also weighed in on the company. SunTrust Banks reissued an “average” rating and set a $36.00 target price on shares of Eldorado Resorts in a report on Monday, February 5th. Jefferies Group began coverage on Eldorado Resorts in a report on Thursday, January 18th. They set a “buy” rating and a $40.00 target price on the stock. Zacks Investment Research lowered Eldorado Resorts from a “buy” rating to a “hold” rating in a report on Friday, December 1st. JPMorgan Chase & Co. boosted their target price on Eldorado Resorts from $29.00 to $31.00 and gave the stock an “overweight” rating in a report on Wednesday, November 15th. Finally, TheStreet raised Eldorado Resorts from a “c” rating to a “b-” rating in a report on Wednesday, November 1st. Two investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $32.83.
Eldorado Resorts (NASDAQ:ERI) traded down $1.30 during mid-day trading on Thursday, hitting $30.65. The company had a trading volume of 1,891,381 shares, compared to its average volume of 653,759. The company has a debt-to-equity ratio of 2.60, a current ratio of 1.78 and a quick ratio of 1.71. The firm has a market cap of $2,354.69, a price-to-earnings ratio of -113.52 and a beta of 0.95. Eldorado Resorts has a 1-year low of $15.63 and a 1-year high of $35.30.
Hedge funds and other institutional investors have recently modified their holdings of the business. SG Capital Management LLC acquired a new position in Eldorado Resorts in the 3rd quarter valued at $13,014,000. Comerica Bank bought a new stake in shares of Eldorado Resorts during the 3rd quarter valued at $852,000. Nationwide Fund Advisors lifted its position in shares of Eldorado Resorts by 60.7% during the 3rd quarter. Nationwide Fund Advisors now owns 123,310 shares of the company’s stock valued at $3,163,000 after acquiring an additional 46,554 shares during the period. Wells Fargo & Company MN lifted its position in shares of Eldorado Resorts by 15.0% during the 3rd quarter. Wells Fargo & Company MN now owns 98,747 shares of the company’s stock valued at $2,532,000 after acquiring an additional 12,877 shares during the period. Finally, Macquarie Group Ltd. bought a new stake in shares of Eldorado Resorts during the 3rd quarter valued at $2,190,000. 80.17% of the stock is currently owned by hedge funds and other institutional investors.
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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