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.

Eldorado Resorts (NASDAQ:ERI) last announced its earnings results on Thursday, November 8th. The company reported $0.52 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.62 by ($0.10). Eldorado Resorts had a net margin of 10.21% and a return on equity of 12.60%. The company had revenue of $487.25 million for the quarter, compared to the consensus estimate of $494.60 million. During the same quarter in the previous year, the firm earned $0.38 earnings per share. The company’s revenue for the quarter was up 3.0% compared to the same quarter last year. Equities research analysts predict that Eldorado Resorts will post 1.55 earnings per share for the current fiscal year.

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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Analyst Recommendations for Eldorado Resorts (NASDAQ:ERI)

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