Eldorado Resorts Inc (ERI) Given Average Rating of “Buy” by Brokerages
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.
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.
Featured Article: How Short Selling Works
Receive News & Ratings for Eldorado Resorts Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Eldorado Resorts and related companies with MarketBeat.com's FREE daily email newsletter.