Eros International PLC (EROS) Rating Reiterated by Wells Fargo & Company
Wells Fargo & Company restated their outperform rating on shares of Eros International PLC (NYSE:EROS) in a report issued on Monday morning. They currently have a $17.00 price objective on the stock, up from their prior price objective of $16.00.
A number of other analysts also recently commented on EROS. Jefferies Group LLC restated a buy rating and set a $18.00 price target on shares of Eros International PLC in a research report on Friday, July 14th. BidaskClub cut shares of Eros International PLC from a buy rating to a hold rating in a research note on Thursday, July 27th. TheStreet cut shares of Eros International PLC from a c rating to a d+ rating in a research note on Friday, July 28th. Zacks Investment Research raised shares of Eros International PLC from a sell rating to a hold rating in a research note on Tuesday, August 8th. Finally, ValuEngine raised shares of Eros International PLC from a sell rating to a hold rating in a research note on Monday, September 18th. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company. Eros International PLC currently has a consensus rating of Hold and a consensus price target of $17.00.
Eros International PLC (NYSE:EROS) opened at 14.10 on Monday. Eros International PLC has a 52 week low of $6.65 and a 52 week high of $18.85. The firm has a market capitalization of $838.06 million, a price-to-earnings ratio of 276.47 and a beta of 0.64. The stock’s 50 day moving average is $13.01 and its 200-day moving average is $10.95.
Eros International PLC (NYSE:EROS) last released its quarterly earnings results on Friday, October 6th. The company reported ($0.02) EPS for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.01). Eros International PLC had a return on equity of 0.03% and a net margin of 0.20%. The company had revenue of $60.83 million for the quarter. On average, equities research analysts expect that Eros International PLC will post $0.18 EPS for the current year.
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Institutional investors and hedge funds have recently made changes to their positions in the stock. American International Group Inc. increased its holdings in Eros International PLC by 7.1% in the 1st quarter. American International Group Inc. now owns 18,219 shares of the company’s stock valued at $188,000 after buying an additional 1,205 shares during the period. Boston Common Asset Management LLC increased its holdings in Eros International PLC by 34.8% in the 1st quarter. Boston Common Asset Management LLC now owns 20,745 shares of the company’s stock valued at $214,000 after buying an additional 5,350 shares during the period. Tudor Investment Corp ET AL bought a new stake in Eros International PLC in the 1st quarter valued at $256,000. Parametric Portfolio Associates LLC increased its holdings in Eros International PLC by 36.4% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 30,135 shares of the company’s stock valued at $345,000 after buying an additional 8,041 shares during the period. Finally, Bank of New York Mellon Corp increased its holdings in Eros International PLC by 3.4% in the 1st quarter. Bank of New York Mellon Corp now owns 119,483 shares of the company’s stock valued at $1,230,000 after buying an additional 3,897 shares during the period. 56.08% of the stock is currently owned by hedge funds and other institutional investors.
Eros International PLC Company Profile
Eros International Plc (Eros) is a holding company, which serves the Indian film entertainment industry. The Company’s principal activities include the acquisition, co-production and distribution of Indian films and related content. It distributes its film content through the distribution channels, such as theatrical, including multiplex chains and standalone theaters; television syndication, including satellite television broadcasting, cable television and terrestrial television; digital and ancillary, including music, inflight entertainment, home video, Internet protocol television (IPTV), video on demand (VOD), and Internet channels and Eros Now.
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