Eldorado Resorts (ERI) Stock Rating Lowered by BidaskClub
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.
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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.
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