Eldorado Resorts (ERI) Receives New Coverage from Analysts at Roth Capital

Roth Capital initiated coverage on shares of Eldorado Resorts (NASDAQ:ERI) in a report released on Tuesday morning. The firm issued a buy rating and a $41.00 target price on the stock.

Other equities analysts have also issued research reports about the stock. SunTrust Banks reaffirmed an average rating and set a $36.00 target price on shares of Eldorado Resorts in a report on Monday, February 5th. TheStreet raised shares of Eldorado Resorts from a c rating to a b- rating in a report on Wednesday, November 1st. BidaskClub lowered shares of Eldorado Resorts from a strong-buy rating to a buy rating in a report on Tuesday, January 30th. Jefferies Group started coverage on shares of Eldorado Resorts in a report on Thursday, January 18th. They set a buy rating and a $40.00 target price on the stock. Finally, Zacks Investment Research raised shares of Eldorado Resorts from a hold rating to a buy rating and set a $32.00 target price on the stock in a report on Tuesday, November 7th. Two analysts have rated the stock with a hold rating and six have given a buy rating to the company. The company currently has an average rating of Buy and a consensus price target of $34.00.

Eldorado Resorts (ERI) opened at $34.15 on Tuesday. 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 twelve month low of $15.90 and a twelve month high of $35.30. The company has a market cap of $2,620.00, a price-to-earnings ratio of -113.83 and a beta of 0.95.

Several hedge funds have recently added to or reduced their stakes in the stock. SG Capital Management LLC bought a new stake in Eldorado Resorts in the 3rd quarter worth $13,014,000. Comerica Bank bought a new stake in Eldorado Resorts in the 3rd quarter worth $852,000. Nationwide Fund Advisors grew its holdings in Eldorado Resorts by 60.7% in the 3rd quarter. Nationwide Fund Advisors now owns 123,310 shares of the company’s stock worth $3,163,000 after acquiring an additional 46,554 shares during the last quarter. Wells Fargo & Company MN grew its holdings in Eldorado Resorts by 15.0% in the 3rd quarter. Wells Fargo & Company MN now owns 98,747 shares of the company’s stock worth $2,532,000 after acquiring an additional 12,877 shares during the last quarter. Finally, Macquarie Group Ltd. bought a new stake in Eldorado Resorts in the 3rd quarter worth $2,190,000. 86.29% of the stock is currently owned by institutional investors.

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Eldorado Resorts Company Profile

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.

Analyst Recommendations for Eldorado Resorts (NASDAQ:ERI)

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