BidaskClub upgraded shares of Eldorado Resorts, Inc. (NASDAQ:ERI) from a buy rating to a strong-buy rating in a report issued on Thursday.
Several other equities analysts also recently weighed in on the stock. Zacks Investment Research downgraded shares of Eldorado Resorts from a hold rating to a sell rating in a research note on Friday, August 11th. J P Morgan Chase & Co started coverage on shares of Eldorado Resorts in a research note on Thursday, July 20th. They issued an overweight rating and a $24.00 price target on the stock. Finally, TheStreet raised shares of Eldorado Resorts from a d+ rating to a c rating in a research note on Wednesday, May 17th. One equities research analyst has rated the stock with a sell rating, two have given a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of Buy and an average price target of $25.00.
Eldorado Resorts (ERI) opened at 24.80 on Thursday. Eldorado Resorts has a one year low of $10.65 and a one year high of $25.35. The company’s 50-day moving average is $22.63 and its 200 day moving average is $20.33.
Eldorado Resorts (NASDAQ:ERI) last posted its quarterly earnings results on Tuesday, August 8th. The company reported ($0.70) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.25 by ($0.95). The business had revenue of $355.20 million during the quarter, compared to analysts’ expectations of $354.15 million. Eldorado Resorts had a negative return on equity of 8.03% and a negative net margin of 3.38%. Eldorado Resorts’s quarterly revenue was up 53.6% compared to the same quarter last year. Analysts expect that Eldorado Resorts will post ($0.29) EPS for the current year.
TRADEMARK VIOLATION NOTICE: This news story was posted by BBNS and is the sole property of of BBNS. If you are viewing this news story on another site, it was copied illegally and reposted in violation of United States & international copyright & trademark legislation. The original version of this news story can be viewed at https://baseballnewssource.com/markets/eldorado-resorts-inc-eri-upgraded-to-strong-buy-at-bidaskclub/1645517.html.
Hedge funds have recently modified their holdings of the business. Citigroup Inc. raised its stake in Eldorado Resorts by 58,900.0% during the second quarter. Citigroup Inc. now owns 5,900 shares of the company’s stock worth $118,000 after purchasing an additional 5,890 shares during the period. Oppenheimer Asset Management Inc. purchased a new position in Eldorado Resorts during the first quarter worth about $140,000. BNP Paribas Arbitrage SA raised its stake in Eldorado Resorts by 8,127.7% during the second quarter. BNP Paribas Arbitrage SA now owns 7,734 shares of the company’s stock worth $155,000 after purchasing an additional 7,640 shares during the period. Victory Capital Management Inc. raised its stake in Eldorado Resorts by 17.6% during the second quarter. Victory Capital Management Inc. now owns 8,062 shares of the company’s stock worth $161,000 after purchasing an additional 1,209 shares during the period. Finally, Public Employees Retirement Association of Colorado purchased a new position in Eldorado Resorts during the second quarter worth about $174,000. 69.44% of the stock is currently owned by institutional investors.
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.
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.