Eros International (EROS) Downgraded by ValuEngine

ValuEngine cut shares of Eros International (NYSE:EROS) from a hold rating to a sell rating in a research report sent to investors on Tuesday.

Several other analysts have also issued reports on the stock. BidaskClub upgraded shares of Eros International from a sell rating to a hold rating in a research report on Friday, September 1st. Zacks Investment Research lowered shares of Eros International from a hold rating to a strong sell rating in a research report on Tuesday, October 10th. Wells Fargo & Company reiterated an outperform rating and issued a $17.00 price target (up from $16.00) on shares of Eros International in a research report on Monday, October 9th. Finally, Jefferies Group reiterated a buy rating and issued a $17.00 price target (up from $15.00) on shares of Eros International in a research report on Monday, October 9th. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and two have issued a buy rating to the stock. The company currently has a consensus rating of Hold and a consensus price target of $17.00.

Shares of Eros International (EROS) traded up $0.40 during midday trading on Tuesday, reaching $10.05. 361,600 shares of the company traded hands, compared to its average volume of 513,504. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.44 and a quick ratio of 1.44. The company has a market capitalization of $497.23, a price-to-earnings ratio of 241.25, a price-to-earnings-growth ratio of 3.30 and a beta of 0.57. Eros International has a 12 month low of $6.65 and a 12 month high of $16.90.

Eros International (NYSE:EROS) last announced its earnings results on Friday, October 6th. The company reported ($0.02) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.01) by ($0.01). The business had revenue of $60.83 million for the quarter. Eros International had a net margin of 0.96% and a return on equity of 0.22%. analysts predict that Eros International will post 0.2 EPS for the current fiscal year.

Several institutional investors and hedge funds have recently bought and sold shares of the business. Gilder Gagnon Howe & Co. LLC boosted its position in shares of Eros International by 64.7% in the third quarter. Gilder Gagnon Howe & Co. LLC now owns 4,128,989 shares of the company’s stock worth $59,045,000 after purchasing an additional 1,621,460 shares during the period. State Street Corp boosted its position in shares of Eros International by 7.1% in the second quarter. State Street Corp now owns 524,135 shares of the company’s stock worth $6,002,000 after purchasing an additional 34,838 shares during the period. Van ECK Associates Corp lifted its holdings in shares of Eros International by 31.4% in the second quarter. Van ECK Associates Corp now owns 273,294 shares of the company’s stock worth $912,000 after buying an additional 65,253 shares in the last quarter. SG Americas Securities LLC purchased a new position in shares of Eros International in the third quarter worth $1,605,000. Finally, Parametric Portfolio Associates LLC lifted its holdings in shares of Eros International by 36.4% in the second quarter. Parametric Portfolio Associates LLC now owns 30,135 shares of the company’s stock worth $345,000 after buying an additional 8,041 shares in the last quarter. Institutional investors and hedge funds own 60.49% of the company’s stock.

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About Eros International

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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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