Eros International PLC (EROS) Rating Reiterated by Jefferies Group LLC

Jefferies Group LLC reaffirmed their buy rating on shares of Eros International PLC (NYSE:EROS) in a research note released on Monday. They currently have a $17.00 price target on the stock, up from their previous price target of $15.00.

Several other research analysts also recently commented on the company. BidaskClub raised Eros International PLC from a sell rating to a hold rating in a research note on Friday, September 1st. ValuEngine raised Eros International PLC from a sell rating to a hold rating in a research note on Monday, September 18th. TheStreet downgraded Eros International PLC from a c rating to a d+ rating in a research note on Friday, July 28th. Zacks Investment Research raised Eros International PLC from a sell rating to a hold rating in a research note on Tuesday, August 8th. Finally, Wells Fargo & Company reaffirmed an outperform rating on shares of Eros International PLC in a research note on Wednesday, August 9th. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company. The company presently has a consensus rating of Hold and a consensus target price of $17.00.

Shares of Eros International PLC (NYSE EROS) opened at 14.25 on Monday. The company has a market cap of $846.98 million, a PE ratio of 279.41 and a beta of 0.64. Eros International PLC has a 12 month low of $6.65 and a 12 month high of $18.85. The company has a 50-day moving average of $13.01 and a 200 day moving average of $10.95.

Eros International PLC (NYSE:EROS) last posted its quarterly earnings data on Friday, October 6th. The company reported ($0.02) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.01) by ($0.01). Eros International PLC had a net margin of 0.20% and a return on equity of 0.03%. The firm had revenue of $60.83 million during the quarter. On average, analysts anticipate that Eros International PLC will post $0.18 earnings per share for the current year.

TRADEMARK VIOLATION WARNING: “Eros International PLC (EROS) Rating Reiterated by Jefferies Group LLC” was published by Community Financial News and is owned by of Community Financial News. If you are accessing this piece on another site, it was illegally copied and republished in violation of U.S. and international trademark & copyright legislation. The correct version of this piece can be read at https://www.com-unik.info/2017/10/13/eros-international-plc-eros-rating-reiterated-by-jefferies-group-llc.html.

Several institutional investors and hedge funds have recently modified their holdings of EROS. Bank of New York Mellon Corp increased its stake in shares of Eros International PLC by 3.4% in the 1st quarter. Bank of New York Mellon Corp now owns 119,483 shares of the company’s stock worth $1,230,000 after acquiring an additional 3,897 shares during the last quarter. American International Group Inc. increased its stake in shares of Eros International PLC by 7.1% in the 1st quarter. American International Group Inc. now owns 18,219 shares of the company’s stock worth $188,000 after acquiring an additional 1,205 shares during the last quarter. Van ECK Associates Corp acquired a new stake in shares of Eros International PLC in the 1st quarter worth $882,000. Tudor Investment Corp ET AL acquired a new stake in shares of Eros International PLC in the 1st quarter worth $256,000. Finally, Boston Common Asset Management LLC increased its stake in shares of Eros International PLC by 34.8% in the 1st quarter. Boston Common Asset Management LLC now owns 20,745 shares of the company’s stock worth $214,000 after acquiring an additional 5,350 shares during the last quarter. 56.08% of the stock is owned by institutional investors and hedge funds.

About Eros International PLC

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.

What are top analysts saying about Eros International PLC? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Eros International PLC and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit