Eldorado Resorts (ERI) Lifted to “Strong-Buy” at BidaskClub
Eldorado Resorts (NASDAQ:ERI) was upgraded by equities research analysts at BidaskClub from a “buy” rating to a “strong-buy” rating in a note issued to investors on Saturday.
ERI has been the topic of a number of other research reports. Jefferies Group initiated coverage on Eldorado Resorts in a research note on Thursday, January 18th. They set a “buy” rating and a $40.00 price objective on the stock. Zacks Investment Research upgraded Eldorado Resorts from a “hold” rating to a “buy” rating and set a $32.00 price objective on the stock in a research note on Tuesday, November 7th. JPMorgan Chase & Co. raised their price objective on Eldorado Resorts from $29.00 to $31.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 15th. SunTrust Banks restated an “average” rating and set a $36.00 price objective on shares of Eldorado Resorts in a research note on Monday, February 5th. Finally, Roth Capital initiated coverage on Eldorado Resorts in a research note on Tuesday, February 20th. They set a “buy” rating and a $41.00 price objective on the stock. Two analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. Eldorado Resorts has an average rating of “Buy” and an average target price of $34.00.
Eldorado Resorts (NASDAQ:ERI) traded down $0.10 during trading on Friday, reaching $34.25. The company’s stock had a trading volume of 513,664 shares, compared to its average volume of 780,795. Eldorado Resorts has a 12-month low of $17.30 and a 12-month high of $35.30. The company has a debt-to-equity ratio of 2.32, a quick ratio of 1.71 and a current ratio of 1.15. The company has a market cap of $2,653.23, a price-to-earnings ratio of 39.83 and a beta of 0.98.
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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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