Analysts Set Eros International PLC (EROS) Price Target at $17.00

Shares of Eros International PLC (NYSE:EROS) have received a consensus rating of “Hold” from the six analysts that are presently covering the company, MarketBeat reports. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $17.00.

A number of equities research analysts have recently issued reports on EROS shares. BidaskClub upgraded shares of Eros International PLC from a “sell” rating to a “hold” rating in a research report on Friday, September 1st. Zacks Investment Research downgraded shares of Eros International PLC from a “hold” rating to a “strong sell” rating in a research report on Tuesday. Wells Fargo & Company reiterated an “outperform” rating and set a $17.00 price target (up from $16.00) on shares of Eros International PLC in a research report on Monday. ValuEngine upgraded shares of Eros International PLC from a “sell” rating to a “hold” rating in a research report on Monday, September 18th. Finally, Jefferies Group LLC reiterated a “buy” rating and set a $15.00 price target (down from $18.00) on shares of Eros International PLC in a research report on Monday, July 31st.

Eros International PLC (NYSE EROS) traded up 1.75% during trading on Tuesday, reaching $14.50. The company had a trading volume of 897,271 shares. Eros International PLC has a 1-year low of $6.65 and a 1-year high of $18.85. The firm has a 50-day moving average of $13.01 and a 200-day moving average of $10.95. The stock has a market capitalization of $861.84 million, a price-to-earnings ratio of 284.31 and a beta of 0.64.

Eros International PLC (NYSE:EROS) last posted its quarterly earnings results on Friday, October 6th. The company reported ($0.02) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.01) by ($0.01). Eros International PLC had a net margin of 0.20% and a return on equity of 0.03%. The company had revenue of $60.83 million for the quarter. On average, analysts anticipate that Eros International PLC will post $0.18 EPS for the current fiscal year.

Hedge funds have recently bought and sold shares of the company. Tudor Investment Corp ET AL acquired a new stake in shares of Eros International PLC during the 1st quarter valued at approximately $256,000. Boston Common Asset Management LLC lifted its position in shares of Eros International PLC by 34.8% during the 1st quarter. Boston Common Asset Management LLC now owns 20,745 shares of the company’s stock valued at $214,000 after acquiring an additional 5,350 shares during the period. American International Group Inc. lifted its position in shares of Eros International PLC by 7.1% during the 1st quarter. American International Group Inc. now owns 18,219 shares of the company’s stock valued at $188,000 after acquiring an additional 1,205 shares during the period. Gilder Gagnon Howe & Co. LLC acquired a new stake in shares of Eros International PLC during the 2nd quarter valued at approximately $28,711,000. Finally, Van ECK Associates Corp acquired a new stake in shares of Eros International PLC during the 1st quarter valued at approximately $882,000. Institutional investors own 56.08% of the company’s stock.

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About Eros International PLC

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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