In a report issued on October 10, Danny Valoy from Deutsche Bank maintained a Buy rating on Eldorado Resorts (NASDAQ: ERI), with a price target of $53. The company’s shares closed on Friday at $45.74.
Valoy has an average return of 96.1% when recommending Eldorado Resorts.
According to TipRanks.com, Valoy is ranked #2401 out of 4887 analysts.
Eldorado Resorts has an analyst consensus of Strong Buy, with a price target consensus of $55, representing a 20.2% upside. In a report issued on October 2, J.P. Morgan also maintained a Buy rating on the stock with a $60 price target.
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Based on Eldorado Resorts’ latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of $36.8 million. In comparison, last year the company had a net profit of $29.55 million.
Based on the recent corporate insider activity of 35 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of ERI in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Eldorado Resorts, Inc. is a gaming and hospitality company. The firm owns and operates gaming facilities located in Ohio, Louisiana, Nevada, Pennsylvania and West Virginia.
