BidaskClub lowered shares of Eldorado Resorts (NASDAQ:ERI) from a strong-buy rating to a buy rating in a research report released on Wednesday.

A number of other research firms also recently issued reports on ERI. SunTrust Banks reaffirmed a buy rating and set a $22.00 price objective on shares of Eldorado Resorts in a report on Tuesday, October 24th. TheStreet raised shares of Eldorado Resorts from a c rating to a b- rating in a report on Wednesday, November 1st. Zacks Investment Research raised shares of Eldorado Resorts from a hold rating to a buy rating and set a $32.00 price objective on the stock in a report on Tuesday, November 7th. JPMorgan Chase & Co. upped their price objective on shares of Eldorado Resorts from $29.00 to $31.00 and gave the company an overweight rating in a report on Wednesday, November 15th. Finally, Jefferies Group assumed coverage on Eldorado Resorts in a research report on Thursday, January 18th. They set a buy rating and a $40.00 price target on the stock. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company. The stock currently has an average rating of Buy and a consensus price target of $32.83.

Shares of Eldorado Resorts (NASDAQ:ERI) traded up $1.15 during mid-day trading on Wednesday, reaching $32.30. 533,800 shares of the company’s stock were exchanged, compared to its average volume of 687,346. The company has a debt-to-equity ratio of 2.60, a current ratio of 1.78 and a quick ratio of 1.71. Eldorado Resorts has a fifty-two week low of $15.90 and a fifty-two week high of $35.30.

Several hedge funds have recently bought and sold shares of the company. Ladenburg Thalmann Financial Services Inc. lifted its position in shares of Eldorado Resorts by 117.4% during the 4th quarter. Ladenburg Thalmann Financial Services Inc. now owns 3,287 shares of the company’s stock valued at $109,000 after buying an additional 1,775 shares in the last quarter. G&S Capital LLC purchased a new position in Eldorado Resorts in the 4th quarter worth approximately $938,000. Two Sigma Advisers LP lifted its holdings in Eldorado Resorts by 46.6% in the 4th quarter. Two Sigma Advisers LP now owns 672,234 shares of the company’s stock worth $22,285,000 after purchasing an additional 213,567 shares in the last quarter. Goldman Sachs Group Inc. lifted its holdings in Eldorado Resorts by 1,470.0% in the 4th quarter. Goldman Sachs Group Inc. now owns 1,315,430 shares of the company’s stock worth $43,606,000 after purchasing an additional 1,231,643 shares in the last quarter. Finally, Shellback Capital LP lifted its holdings in Eldorado Resorts by 12.3% in the 4th quarter. Shellback Capital LP now owns 1,123,856 shares of the company’s stock worth $37,256,000 after purchasing an additional 123,000 shares in the last quarter. 80.69% of the stock is currently owned by hedge funds and other institutional investors.

TRADEMARK VIOLATION NOTICE: “Eldorado Resorts (ERI) Stock Rating Lowered by BidaskClub” was first reported by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are viewing this piece of content on another publication, it was illegally copied and reposted in violation of US & international copyright and trademark law. The legal version of this piece of content can be viewed at https://www.thecerbatgem.com/2018/02/15/eldorado-resorts-eri-stock-rating-lowered-by-bidaskclub.html.

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)

Receive News & Ratings for Eldorado Resorts Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Eldorado Resorts and related companies with MarketBeat.com's FREE daily email newsletter.