ValuEngine Downgrades Eros International (EROS) to Hold

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ValuEngine cut shares of Eros International (NYSE:EROS) from a buy rating to a hold rating in a research report report published on Thursday, August 30th.

Several other equities research analysts have also weighed in on the company. Zacks Investment Research lowered Eros International from a hold rating to a sell rating in a research report on Friday, August 24th. Citigroup initiated coverage on Eros International in a research report on Tuesday, August 14th. They set a buy rating and a $16.00 price target on the stock. Finally, Wells Fargo & Co boosted their target price on Eros International from $15.00 to $17.00 and gave the stock an outperform rating in a report on Thursday, June 28th. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company currently has an average rating of Buy and a consensus target price of $16.67.

NYSE:EROS traded up $0.10 during mid-day trading on Thursday, reaching $12.75. The stock had a trading volume of 253,006 shares, compared to its average volume of 409,121. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.25 and a quick ratio of 1.25. The company has a market capitalization of $715.98 million, a price-to-earnings ratio of -141.67 and a beta of 0.66. Eros International has a one year low of $9.20 and a one year high of $16.90.

Eros International (NYSE:EROS) last announced its quarterly earnings results on Wednesday, June 27th. The company reported $0.05 EPS for the quarter, missing the Zacks’ consensus estimate of $0.15 by ($0.10). Eros International had a positive return on equity of 1.31% and a negative net margin of 13.52%. The company had revenue of $71.93 million during the quarter, compared to analysts’ expectations of $71.65 million.

Institutional investors have recently bought and sold shares of the stock. California State Teachers Retirement System increased its position in Eros International by 18.0% in the first quarter. California State Teachers Retirement System now owns 46,754 shares of the company’s stock worth $510,000 after buying an additional 7,133 shares in the last quarter. Russell Investments Group Ltd. purchased a new stake in shares of Eros International during the first quarter worth about $540,000. Finally, Bank of New York Mellon Corp grew its position in shares of Eros International by 10.1% during the second quarter. Bank of New York Mellon Corp now owns 92,078 shares of the company’s stock worth $1,197,000 after purchasing an additional 8,414 shares in the last quarter. Institutional investors own 61.34% of the company’s stock.

Eros International Company Profile

Eros International Plc, together with its subsidiaries, co-produces, acquires, and distributes Indian films in various formats worldwide. The company distributes its film content through various distribution channels, including theatrical, which includes multiplex chains and stand-alone theaters; television syndication that comprises satellite television broadcasting, cable television, and terrestrial television; and digital and ancillary, such as Internet protocol television, video on demand, music, inflight entertainment, home video, and Internet channels, as well as Eros Now online entertainment service.

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To view ValuEngine’s full report, visit ValuEngine’s official website.

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