Eldorado Resorts, Inc. (ERI) Rating Increased to Buy at Zacks Investment Research

Eldorado Resorts, Inc. (NASDAQ:ERI) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued on Tuesday, November 7th. The firm presently has a $32.00 target price on the stock. Zacks Investment Research‘s target price points to a potential upside of 7.74% from the stock’s previous close.

According to Zacks, “Eldorado Resorts, Inc. is a casino entertainment company. It provides casino and entertainment services primarily in Nevada and Louisiana, United States. The Company’s facilities and services include casino games; hotels; entertainment and events; signature and casual restaurants; various venues; and guest services. Its casino also provides facilities for meetings and special events; catering and banquet services; and golf, ski, Reno bowling, baseball, basecamp climbing, truckee river, Reno fernley raceway, and museum services. Eldorado Resorts, Inc. is based in Reno, Nevada. “

ERI has been the topic of several other research reports. BidaskClub raised shares of Eldorado Resorts from a “buy” rating to a “strong-buy” rating in a report on Thursday, September 14th. SunTrust Banks, Inc. restated a “buy” rating and issued a $22.00 price target on shares of Eldorado Resorts in a research report on Tuesday, October 24th. TheStreet upgraded shares of Eldorado Resorts from a “c” rating to a “b-” rating in a research report on Wednesday, November 1st. Deutsche Bank AG started coverage on shares of Eldorado Resorts in a research report on Monday, September 25th. They set a “buy” rating and a $32.00 price objective on the stock. Finally, J P Morgan Chase & Co started coverage on shares of Eldorado Resorts in a research report on Thursday, July 20th. They set an “overweight” rating and a $24.00 price objective on the stock. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. Eldorado Resorts presently has an average rating of “Buy” and a consensus price target of $30.00.

Eldorado Resorts (NASDAQ:ERI) traded up $0.45 on Tuesday, hitting $29.70. 156,722 shares of the company were exchanged, compared to its average volume of 911,787. The company has a current ratio of 1.78, a quick ratio of 1.71 and a debt-to-equity ratio of 2.60. Eldorado Resorts has a one year low of $13.00 and a one year high of $30.15.

Eldorado Resorts (NASDAQ:ERI) last posted its quarterly earnings data on Thursday, November 2nd. The company reported $0.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.36 by $0.02. Eldorado Resorts had a negative net margin of 1.20% and a negative return on equity of 2.83%. The company had revenue of $444.87 million for the quarter, compared to the consensus estimate of $448.30 million. During the same quarter last year, the firm posted $0.20 earnings per share. The firm’s revenue was down 1.0% compared to the same quarter last year. equities research analysts predict that Eldorado Resorts will post -0.08 earnings per share for the current year.

In related news, Director David P. Tomick acquired 1,700 shares of the business’s stock in a transaction dated Thursday, November 9th. The shares were purchased at an average price of $28.70 per share, for a total transaction of $48,790.00. Following the completion of the acquisition, the director now directly owns 10,400 shares in the company, valued at approximately $298,480. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Bonnie Biumi sold 13,079 shares of the stock in a transaction that occurred on Thursday, November 16th. The shares were sold at an average price of $29.50, for a total value of $385,830.50. The disclosure for this sale can be found here. 1.18% of the stock is owned by corporate insiders.

Several large investors have recently made changes to their positions in ERI. American International Group Inc. increased its stake in shares of Eldorado Resorts by 7.1% in the 1st quarter. American International Group Inc. now owns 17,642 shares of the company’s stock worth $334,000 after acquiring an additional 1,170 shares during the last quarter. Victory Capital Management Inc. boosted its holdings in Eldorado Resorts by 17.6% during the 2nd quarter. Victory Capital Management Inc. now owns 8,062 shares of the company’s stock valued at $161,000 after acquiring an additional 1,209 shares during the period. Teachers Advisors LLC boosted its holdings in Eldorado Resorts by 3.2% during the 1st quarter. Teachers Advisors LLC now owns 50,803 shares of the company’s stock valued at $961,000 after acquiring an additional 1,558 shares during the period. PNC Financial Services Group Inc. boosted its holdings in Eldorado Resorts by 22.7% during the 1st quarter. PNC Financial Services Group Inc. now owns 15,880 shares of the company’s stock valued at $300,000 after acquiring an additional 2,940 shares during the period. Finally, Virginia Retirement Systems ET AL boosted its stake in shares of Eldorado Resorts by 21.3% in the 2nd quarter. Virginia Retirement Systems ET AL now owns 18,200 shares of the company’s stock valued at $364,000 after buying an additional 3,200 shares during the period. Hedge funds and other institutional investors own 73.33% of the company’s stock.

TRADEMARK VIOLATION WARNING: This report was originally published by BBNS and is owned by of BBNS. If you are viewing this report on another website, it was illegally stolen and republished in violation of US and international trademark & copyright laws. The original version of this report can be accessed at https://baseballnewssource.com/markets/eldorado-resorts-inc-eri-upgraded-at-zacks-investment-research/1763736.html.

About Eldorado Resorts

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.

Get a free copy of the Zacks research report on Eldorado Resorts (ERI)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Eldorado Resorts Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Eldorado Resorts Inc. and related companies with our FREE daily email newsletter.

 


Latest News

Manny Machado Could Change Positions or Uniforms
Manny Machado Could Change Positions or Uniforms
Jack Morris, Alan Trammel Voted by Modern Era Committee into Hall of Fame
Jack Morris, Alan Trammel Voted by Modern Era Committee into Hall of Fame
Yankees and Marlins Continue Stanton Trade Talks
Yankees and Marlins Continue Stanton Trade Talks
Marlins Making Moves, Trade Dee Gordon to Seattle
Marlins Making Moves, Trade Dee Gordon to Seattle
Report: Astros Dallas Keuchel Pitched With Injured Foot
Report: Astros Dallas Keuchel Pitched With Injured Foot
Angels Sign Former Prospect with Braves Kevin Maitan
Angels Sign Former Prospect with Braves Kevin Maitan


Leave a Reply

 
© 2006-2017 BBNS.