Shares of Eldorado Resorts Inc (NASDAQ:ERI) were up 0% during trading on Friday . The company traded as high as $38.45 and last traded at $37.65. Approximately 1,770,000 shares traded hands during mid-day trading, an increase of 121% from the average daily volume of 799,744 shares. The stock had previously closed at $37.65.
A number of analysts recently commented on ERI shares. SunTrust Banks reiterated an “average” rating and issued a $36.00 target price on shares of Eldorado Resorts in a report on Monday, February 5th. BidaskClub downgraded shares of Eldorado Resorts from a “strong-buy” rating to a “buy” rating in a report on Tuesday, January 30th. Jefferies Group began coverage on shares of Eldorado Resorts in a research report on Thursday, January 18th. They issued a “buy” rating and a $40.00 target price on the stock. Roth Capital began coverage on shares of Eldorado Resorts in a research report on Tuesday, February 20th. They issued a “buy” rating and a $41.00 target price on the stock. Finally, Zacks Investment Research downgraded shares of Eldorado Resorts from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Two equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. Eldorado Resorts presently has an average rating of “Buy” and a consensus target price of $34.00.
The company has a debt-to-equity ratio of 2.32, a current ratio of 1.15 and a quick ratio of 1.07.
About Eldorado Resorts
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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