Eldorado Resorts (NASDAQ:ERI) Now Covered by Wolfe Research
Analysts at Wolfe Research assumed coverage on shares of Eldorado Resorts (NASDAQ:ERI) in a report released on Friday, The Fly reports. The firm set a “peer perform” rating on the stock.
ERI has been the subject of several other research reports. BidaskClub downgraded shares of Eldorado Resorts from a “buy” rating to a “hold” rating in a research note on Friday, March 15th. Stifel Nicolaus began coverage on shares of Eldorado Resorts in a research note on Wednesday, June 5th. They issued a “buy” rating and a $62.00 price objective for the company. Zacks Investment Research raised shares of Eldorado Resorts from a “sell” rating to a “hold” rating in a research note on Tuesday, March 26th. Jefferies Financial Group set a $58.00 price objective on shares of Eldorado Resorts and gave the stock a “buy” rating in a research note on Thursday, February 28th. Finally, Nomura raised their price objective on shares of Eldorado Resorts from $38.00 to $42.00 and gave the stock a “neutral” rating in a research note on Thursday, February 28th. Four research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $54.71.
Shares of Eldorado Resorts stock traded down $0.33 during trading on Friday, reaching $52.01. 13,919 shares of the stock traded hands, compared to its average volume of 634,624. The firm has a market cap of $4.00 billion, a price-to-earnings ratio of 37.68, a PEG ratio of 1.11 and a beta of 1.65. The company has a quick ratio of 0.93, a current ratio of 0.98 and a debt-to-equity ratio of 3.78. Eldorado Resorts has a 52-week low of $31.86 and a 52-week high of $53.21.
Institutional investors have recently bought and sold shares of the company. Meridian Wealth Management LLC bought a new position in Eldorado Resorts in the first quarter worth approximately $28,000. US Bancorp DE bought a new position in Eldorado Resorts in the first quarter worth approximately $38,000. Mascoma Wealth Management LLC bought a new position in Eldorado Resorts in the first quarter worth approximately $47,000. Marshall Wace LLP bought a new position in Eldorado Resorts in the first quarter worth approximately $69,000. Finally, Bank of Montreal Can raised its stake in Eldorado Resorts by 23.9% in the fourth quarter. Bank of Montreal Can now owns 4,269 shares of the company’s stock worth $154,000 after buying an additional 824 shares in the last quarter. 85.72% 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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