SunTrust Banks reiterated their average rating on shares of Eldorado Resorts (NASDAQ:ERI) in a report issued on Monday morning. The brokerage currently has a $36.00 target price on the stock. SunTrust Banks also issued estimates for Eldorado Resorts’ Q1 2018 earnings at $0.48 EPS, Q2 2018 earnings at $0.50 EPS, Q3 2018 earnings at $0.61 EPS, Q4 2018 earnings at $0.32 EPS, FY2018 earnings at $1.91 EPS and FY2019 earnings at $2.12 EPS.

Other research analysts have also recently issued research reports about the company. BidaskClub cut Eldorado Resorts from a strong-buy rating to a buy rating in a research report on Tuesday, January 30th. TheStreet raised Eldorado Resorts from a c rating to a b- rating in a research report on Wednesday, November 1st. Zacks Investment Research raised Eldorado Resorts from a sell rating to a hold rating in a research report on Tuesday, October 10th. 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, Jefferies Group began 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. Two research analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of Buy and an average target price of $32.83.

Eldorado Resorts (ERI) opened at $31.95 on Monday. Eldorado Resorts has a 1 year low of $15.40 and a 1 year high of $35.30. The company has a debt-to-equity ratio of 2.60, a quick ratio of 1.71 and a current ratio of 1.78. The company has a market capitalization of $2,480.00, a price-to-earnings ratio of -106.50 and a beta of 0.95.

In related news, Director Bonnie Biumi sold 13,079 shares of the stock in a transaction dated Thursday, November 16th. The stock was sold at an average price of $29.50, for a total transaction of $385,830.50. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Corporate insiders own 1.18% of the company’s stock.

A number of institutional investors and hedge funds have recently modified their holdings of ERI. Schwab Charles Investment Management Inc. lifted its holdings in Eldorado Resorts by 75.9% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 180,670 shares of the company’s stock worth $3,614,000 after purchasing an additional 77,972 shares in the last quarter. Legal & General Group Plc lifted its holdings in Eldorado Resorts by 72.1% during the 2nd quarter. Legal & General Group Plc now owns 11,600 shares of the company’s stock worth $230,000 after purchasing an additional 4,861 shares in the last quarter. Swiss National Bank lifted its holdings in Eldorado Resorts by 112.8% during the 2nd quarter. Swiss National Bank now owns 82,344 shares of the company’s stock worth $1,647,000 after purchasing an additional 43,644 shares in the last quarter. Wells Fargo & Company MN raised its holdings in shares of Eldorado Resorts by 20.0% in the 2nd quarter. Wells Fargo & Company MN now owns 85,870 shares of the company’s stock valued at $1,718,000 after acquiring an additional 14,338 shares in the last quarter. Finally, Alliancebernstein L.P. raised its holdings in shares of Eldorado Resorts by 15.0% in the 2nd quarter. Alliancebernstein L.P. now owns 55,912 shares of the company’s stock valued at $1,118,000 after acquiring an additional 7,276 shares in the last quarter. 80.17% of the stock is currently owned by institutional investors and hedge funds.

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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.

Analyst Recommendations for Eldorado Resorts (NASDAQ:ERI)

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