Imperial Capital Believes ERI Won’t Stop Here

By Carrie Williams

Imperial Capital analyst Gregg Klein reiterated a Buy rating on Eldorado Resorts (NASDAQ: ERI) today and set a price target of $24. The company’s shares closed last Friday at $18.05, close to its 52-week high of $18.55.

According to TipRanks.com, Klein is a 3-star analyst with an average return of 7.0% and a 73.1% success rate. Klein covers the Services sector, focusing on stocks such as Tropicana Entertainment Inc, Monarch Casino & Resort, and Penn National Gaming.

Eldorado Resorts has an analyst consensus of Moderate Buy, with a price target consensus of $24.

The company has a one year high of $18.55 and a one year low of $10.42. Currently, Eldorado Resorts has an average volume of 359.3K.

Based on the recent corporate insider activity of 18 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. Earlier this month, David Tomick, a Director at ERI bought 3,000 shares for a total of $39,360.

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. It owns and operates seven properties in five states including: Eldorado Resort Casino, Silver Legacy Resort Casino, and Circus Circus Hotel Casino in Reno, NV; Eldorado Resort Casino in Shreveport, LA; Mountaineer Casino Racetrack & Resort in Chester, WV; Eldorado Gaming Scioto Downs in Columbus, OH; and Presque Isle Downs & Casino in Erie, PA. Eldorado Resorts was founded in 1973 and is headquartered in Reno, NV.