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.
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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.
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