In a report issued on August 6, Carlo Santarelli from Deutsche Bank maintained a Buy rating on Eldorado Resorts (ERI), with a price target of $72. The company’s shares opened today at $41.
According to TipRanks.com, Santarelli is a 5-star analyst with an average return of 7.7% and a 56.6% success rate. Santarelli covers the Services sector, focusing on stocks such as International Game Technology, Hilton Worldwide Holdings Inc, and Marriott International.
Currently, the analyst consensus on Eldorado Resorts is a Strong Buy with an average price target of $60.40, which is a 47.3% upside from current levels. In a report issued on July 24, Roth Capital also reiterated a Buy rating on the stock with a $65 price target.
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Eldorado Resorts’ market cap is currently $3.16B and has a P/E ratio of 33.69. The company has a Price to Book ratio of 2.96.
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Eldorado Resorts, Inc. operates as a casino entertainment company. It engages in gaming operations, and manages hotels, restaurants, bars, racing, retail shops, and other services. It operates through the following segments: West, Midwest, South, East, and Central. The West segment consists of seven properties in Nevada and Colorado.
