Eldorado Resorts (NASDAQ:ERI) Cut to Hold at BidaskClub

BidaskClub downgraded shares of Eldorado Resorts (NASDAQ:ERI) from a buy rating to a hold rating in a report published on Saturday, BidAskClub reports.

Other research analysts have also issued research reports about the stock. ValuEngine upgraded shares of Eldorado Resorts from a hold rating to a buy rating in a research note on Friday, May 15th. TheStreet lowered shares of Eldorado Resorts from a c- rating to a d rating in a research note on Thursday, June 11th. Stifel Nicolaus increased their price target on shares of Eldorado Resorts from $35.00 to $42.00 and gave the stock a buy rating in a research note on Tuesday, May 12th. Deutsche Bank restated a buy rating and set a $57.00 price target on shares of Eldorado Resorts in a research note on Thursday, June 18th. Finally, Nomura increased their price target on shares of Eldorado Resorts from $12.50 to $34.00 in a research note on Tuesday, June 2nd. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and seven have issued a buy rating to the stock. The stock presently has a consensus rating of Buy and a consensus price target of $42.40.

Eldorado Resorts stock opened at $40.06 on Friday. The firm has a market cap of $3.90 billion, a PE ratio of -23.43 and a beta of 2.79. The company has a debt-to-equity ratio of 4.10, a quick ratio of 1.59 and a current ratio of 1.61. The firm’s 50 day moving average price is $35.56 and its two-hundred day moving average price is $39.85. Eldorado Resorts has a twelve month low of $6.02 and a twelve month high of $70.74.

Eldorado Resorts (NASDAQ:ERI) last released its quarterly earnings data on Monday, May 11th. The company reported ($2.25) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.12 by ($2.37). The company had revenue of $473.07 million during the quarter, compared to analyst estimates of $542.45 million. Eldorado Resorts had a negative net margin of 5.62% and a positive return on equity of 7.93%. The firm’s quarterly revenue was down 25.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.49 EPS. Equities analysts anticipate that Eldorado Resorts will post -4.85 EPS for the current fiscal year.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Synovus Financial Corp bought a new stake in shares of Eldorado Resorts during the 1st quarter worth $28,000. Marshall Wace LLP bought a new stake in Eldorado Resorts in the 1st quarter valued at $69,000. Advisor Group Inc. boosted its holdings in Eldorado Resorts by 135.5% in the 4th quarter. Advisor Group Inc. now owns 2,190 shares of the company’s stock valued at $130,000 after purchasing an additional 1,260 shares during the period. Advisor Group Holdings Inc. bought a new stake in Eldorado Resorts in the 1st quarter valued at $135,000. Finally, GSA Capital Partners LLP bought a new stake in Eldorado Resorts in the 1st quarter valued at $151,000. 98.00% of the stock is owned by institutional investors and hedge funds.

Eldorado Resorts Company Profile

Eldorado Resorts, Inc operates as a gaming and hospitality company in the United States. It owns and operates Eldorado Resort Casino Reno, a hotel, casino, and entertainment facility; Silver Legacy Resort Casino, a themed hotel and casino; Circus Circus Reno, a hotel-casino and entertainment complex; Eldorado Resort Casino Shreveport, a hotel and tri-level riverboat dockside casino; Mountaineer Casino, Racetrack & Resort, a 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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