Eldorado Resorts Inc (NASDAQ:ERI) has been assigned a consensus rating of “Buy” from the twelve research firms that are covering the company, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $48.81.

Several analysts recently commented on ERI shares. BidaskClub upgraded shares of Eldorado Resorts from a “buy” rating to a “strong-buy” rating in a research note on Thursday, May 17th. Telsey Advisory Group raised their price objective on shares of Eldorado Resorts from $48.00 to $53.00 and gave the company an “outperform” rating in a research note on Thursday, May 31st. Finally, Roth Capital raised their price objective on shares of Eldorado Resorts from $56.00 to $60.00 and gave the company a “buy” rating in a research note on Tuesday, June 12th.

Shares of NASDAQ ERI opened at $45.35 on Monday. The company has a quick ratio of 2.25, a current ratio of 2.32 and a debt-to-equity ratio of 2.20. Eldorado Resorts has a 52 week low of $23.60 and a 52 week high of $50.00. The stock has a market capitalization of $3.51 billion, a P/E ratio of 4,535.00 and a beta of 1.08.

Eldorado Resorts (NASDAQ:ERI) last announced its quarterly earnings data on Thursday, August 2nd. The company reported $0.47 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.52 by ($0.05). Eldorado Resorts had a net margin of 9.99% and a return on equity of 11.64%. The company had revenue of $456.80 million during the quarter, compared to analyst estimates of $461.57 million. During the same quarter last year, the business earned ($0.68) EPS. The firm’s revenue for the quarter was up 21.6% on a year-over-year basis. research analysts anticipate that Eldorado Resorts will post 1.84 EPS for the current fiscal year.

In other Eldorado Resorts news, Director James B. Hawkins bought 4,000 shares of the company’s stock in a transaction on Tuesday, August 7th. The stock was purchased at an average cost of $42.45 per share, for a total transaction of $169,800.00. Following the acquisition, the director now owns 107,832 shares of the company’s stock, valued at approximately $4,577,468.40. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director James B. Hawkins bought 1,000 shares of the company’s stock in a transaction on Wednesday, September 5th. The shares were acquired at an average price of $46.50 per share, with a total value of $46,500.00. Following the completion of the acquisition, the director now directly owns 108,832 shares in the company, valued at approximately $5,060,688. The disclosure for this purchase can be found here. Insiders have acquired a total of 6,000 shares of company stock valued at $261,900 over the last 90 days. 1.50% of the stock is currently owned by insiders.

Large investors have recently bought and sold shares of the business. Bank of Montreal Can increased its holdings in Eldorado Resorts by 282.7% during the 2nd quarter. Bank of Montreal Can now owns 3,341 shares of the company’s stock valued at $130,000 after acquiring an additional 2,468 shares in the last quarter. Strs Ohio purchased a new stake in shares of Eldorado Resorts during the second quarter worth about $156,000. FNY Investment Advisers LLC purchased a new stake in shares of Eldorado Resorts during the second quarter worth about $185,000. Bluestein R H & Co. purchased a new stake in shares of Eldorado Resorts during the first quarter worth about $254,000. Finally, Amalgamated Bank grew its holdings in shares of Eldorado Resorts by 60.9% during the second quarter. Amalgamated Bank now owns 10,064 shares of the company’s stock worth $394,000 after buying an additional 3,811 shares in the last quarter. Hedge funds and other institutional investors own 88.32% of the company’s stock.

Eldorado Resorts Company Profile

Eldorado Resorts, Inc, a gaming and hospitality company, owns and operates gaming facilities in Ohio, Louisiana, Nevada, Pennsylvania, West Virginia, Colorado, Florida, Iowa, Mississippi, and Missouri. It owns and operates Eldorado Resort Casino Reno, a 814-room hotel, casino and entertainment facility; Silver Legacy Resort Casino, a 1,711-room themed hotel and casino; Circus Circus Reno, a 1,571-room hotel-casino and entertainment complex; Eldorado Resort Casino Shreveport, a 403-room, all suite art deco-style hotel and tri-level riverboat dockside casino; Mountaineer Casino, Racetrack & Resort, a 357-room 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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