Eldorado Resorts (NASDAQ:ERI) had its target price lifted by equities research analysts at Stifel Nicolaus from $57.00 to $58.00 in a research note issued on Thursday, Stock Target Advisor reports. The brokerage currently has a “buy” rating on the stock. Stifel Nicolaus’ target price suggests a potential upside of 13.77% from the stock’s current price.
Several other equities analysts also recently weighed in on ERI. Susquehanna Bancshares assumed coverage on shares of Eldorado Resorts in a report on Wednesday, July 24th. They issued a “neutral” rating and a $50.00 price target on the stock. ValuEngine lowered Eldorado Resorts from a “buy” rating to a “hold” rating in a research report on Tuesday, October 22nd. BidaskClub upgraded Eldorado Resorts from a “hold” rating to a “buy” rating in a research report on Thursday, October 17th. Deutsche Bank reiterated a “buy” rating and set a $66.00 target price on shares of Eldorado Resorts in a research report on Wednesday, October 16th. Finally, Zacks Investment Research lowered Eldorado Resorts from a “hold” rating to a “strong sell” rating in a research report on Thursday, October 31st. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $53.90.
NASDAQ:ERI traded up $0.55 during mid-day trading on Thursday, reaching $50.98. The company’s stock had a trading volume of 22,521 shares, compared to its average volume of 1,367,649. Eldorado Resorts has a 1 year low of $31.86 and a 1 year high of $54.99. The stock has a fifty day moving average of $42.54 and a 200-day moving average of $44.99. The firm has a market capitalization of $3.59 billion, a PE ratio of 36.75, a price-to-earnings-growth ratio of 1.36 and a beta of 1.54. The company has a quick ratio of 1.78, a current ratio of 1.83 and a debt-to-equity ratio of 3.67.
Eldorado Resorts (NASDAQ:ERI) last released its quarterly earnings data on Wednesday, November 6th. The company reported $0.48 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.63 by ($0.15). Eldorado Resorts had a return on equity of 9.47% and a net margin of 3.90%. The business had revenue of $663.20 million during the quarter, compared to analysts’ expectations of $674.72 million. During the same period last year, the company earned $0.48 earnings per share. The firm’s revenue was up 36.1% compared to the same quarter last year. On average, analysts expect that Eldorado Resorts will post 1.7 earnings per share for the current year.
In related news, Director James B. Hawkins bought 2,000 shares of the business’s stock in a transaction on Tuesday, September 3rd. The stock was acquired at an average cost of $35.70 per share, with a total value of $71,400.00. Following the purchase, the director now directly owns 125,137 shares of the company’s stock, valued at $4,467,390.90. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 1.50% of the stock is owned by company insiders.
Several large investors have recently modified their holdings of ERI. FMR LLC grew its holdings in Eldorado Resorts by 0.3% during the fourth quarter. FMR LLC now owns 10,440,016 shares of the company’s stock worth $378,032,000 after acquiring an additional 31,931 shares during the period. BlackRock Inc. lifted its holdings in Eldorado Resorts by 24.3% during the 2nd quarter. BlackRock Inc. now owns 9,153,908 shares of the company’s stock worth $421,721,000 after buying an additional 1,789,647 shares during the last quarter. Vanguard Group Inc. lifted its holdings in Eldorado Resorts by 0.8% during the 2nd quarter. Vanguard Group Inc. now owns 5,552,414 shares of the company’s stock worth $255,800,000 after buying an additional 41,669 shares during the last quarter. Vanguard Group Inc lifted its holdings in Eldorado Resorts by 6.2% during the 3rd quarter. Vanguard Group Inc now owns 5,313,352 shares of the company’s stock worth $258,228,000 after buying an additional 310,483 shares during the last quarter. Finally, HG Vora Capital Management LLC bought a new position in Eldorado Resorts during the 2nd quarter worth approximately $207,315,000. 99.40% of the stock is owned by hedge funds and other institutional investors.
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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