Eldorado Resorts (NASDAQ:ERI) had its price objective raised by equities researchers at Deutsche Bank from $38.00 to $48.00 in a research note issued on Tuesday. The brokerage currently has a “buy” rating on the stock. Deutsche Bank’s target price would suggest a potential upside of 15.66% from the company’s previous close.
Several other equities research analysts have also recently commented on ERI. Telsey Advisory Group increased their price objective on Eldorado Resorts from $42.00 to $48.00 and gave the company an “outperform” rating in a research report on Tuesday. JPMorgan Chase increased their price objective on Eldorado Resorts to $47.00 and gave the company an “overweight” rating in a research report on Tuesday. Roth Capital increased their price objective on Eldorado Resorts from $42.00 to $49.00 and gave the company a “buy” rating in a research report on Monday. BidaskClub cut Eldorado Resorts from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, March 21st. Finally, Macquarie raised Eldorado Resorts from a “neutral” rating to an “outperform” rating and increased their price objective for the company from $17.30 to $38.45 in a research report on Tuesday, April 3rd. Two investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $40.49.
NASDAQ ERI opened at $41.50 on Tuesday. Eldorado Resorts has a 12 month low of $17.30 and a 12 month high of $43.15. The firm has a market capitalization of $2,757.51, a PE ratio of 4,150.00 and a beta of 1.04. The company has a debt-to-equity ratio of 2.32, a quick ratio of 1.07 and a current ratio of 1.15.
A number of large investors have recently made changes to their positions in ERI. Goldman Sachs Group Inc. boosted its position in Eldorado Resorts by 1,470.0% in the fourth quarter. Goldman Sachs Group Inc. now owns 1,315,430 shares of the company’s stock worth $43,606,000 after purchasing an additional 1,231,643 shares during the last quarter. Victory Capital Management Inc. purchased a new position in Eldorado Resorts in the fourth quarter worth about $23,360,000. Hood River Capital Management LLC boosted its position in Eldorado Resorts by 53.5% in the fourth quarter. Hood River Capital Management LLC now owns 1,529,651 shares of the company’s stock worth $50,708,000 after purchasing an additional 533,078 shares during the last quarter. Stormborn Capital Management LLC purchased a new position in Eldorado Resorts in the fourth quarter worth about $10,774,000. Finally, Frontier Capital Management Co. LLC purchased a new position in Eldorado Resorts in the fourth quarter worth about $9,082,000. 84.36% of the stock is currently owned by institutional investors and hedge funds.
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.
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