Eldorado Resorts (ERI) Given a $54.00 Price Target at Deutsche Bank
Eldorado Resorts (NASDAQ:ERI) has been assigned a $54.00 price target by investment analysts at Deutsche Bank in a research report issued on Saturday. The firm presently has a “buy” rating on the stock. Deutsche Bank’s price objective would suggest a potential upside of 47.06% from the company’s current price.
ERI has been the subject of several other reports. BidaskClub upgraded shares of Eldorado Resorts from a “hold” rating to a “buy” rating in a research report on Saturday, August 25th. ValuEngine upgraded shares of Eldorado Resorts from a “hold” rating to a “buy” rating in a report on Thursday, November 1st. JPMorgan Chase & Co. set a $60.00 price objective on shares of Eldorado Resorts and gave the stock a “buy” rating in a report on Tuesday, October 2nd. Finally, Jefferies Financial Group set a $57.00 price objective on shares of Eldorado Resorts and gave the stock a “buy” rating in a report on Friday, October 5th. Three investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $52.31.
Shares of Eldorado Resorts stock opened at $36.72 on Friday. Eldorado Resorts has a 1 year low of $28.15 and a 1 year high of $50.64. The company has a market cap of $3.01 billion, a price-to-earnings ratio of 3,672.00, a P/E/G ratio of 1.21 and a beta of 1.47. The company has a debt-to-equity ratio of 2.20, a current ratio of 2.32 and a quick ratio of 2.25.
In other Eldorado Resorts news, COO Anthony L. Carano acquired 1,000 shares of the stock in a transaction dated Friday, September 7th. The stock was purchased at an average cost of $45.60 per share, for a total transaction of $45,600.00. Following the acquisition, the chief operating officer now owns 26,979 shares in the company, valued at approximately $1,230,242.40. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 1.50% of the company’s stock.
Several institutional investors and hedge funds have recently made changes to their positions in ERI. BlackRock Inc. raised its holdings in Eldorado Resorts by 70.8% during the 3rd quarter. BlackRock Inc. now owns 7,239,083 shares of the company’s stock valued at $351,819,000 after buying an additional 3,001,643 shares during the last quarter. Frontier Capital Management Co. LLC raised its holdings in Eldorado Resorts by 308.9% during the 3rd quarter. Frontier Capital Management Co. LLC now owns 2,569,788 shares of the company’s stock valued at $124,509,000 after buying an additional 1,941,282 shares during the last quarter. Millennium Management LLC raised its holdings in Eldorado Resorts by 39.2% during the 2nd quarter. Millennium Management LLC now owns 1,825,582 shares of the company’s stock valued at $71,380,000 after buying an additional 513,742 shares during the last quarter. FMR LLC raised its holdings in Eldorado Resorts by 4.8% during the 2nd quarter. FMR LLC now owns 10,419,822 shares of the company’s stock valued at $407,415,000 after buying an additional 475,601 shares during the last quarter. Finally, Voya Investment Management LLC raised its holdings in Eldorado Resorts by 36.2% during the 2nd quarter. Voya Investment Management LLC now owns 1,047,312 shares of the company’s stock valued at $40,950,000 after buying an additional 278,106 shares during the last quarter. Hedge funds and other institutional investors own 88.48% of the company’s stock.
About Eldorado Resorts
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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