Brokerages Set Eros International plc (EROS) Price Target at $17.00

Eros International plc (NYSE:EROS) has been assigned an average recommendation of “Hold” from the six ratings firms that are currently covering the firm, Marketbeat reports. Two research analysts have rated the stock with a sell recommendation, one has issued a hold recommendation and two have issued a buy recommendation on the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $17.00.

A number of research analysts have recently weighed in on EROS shares. BidaskClub cut Eros International from a “hold” rating to a “sell” rating in a research report on Wednesday, October 25th. Zacks Investment Research cut Eros International from a “hold” rating to a “sell” rating in a research report on Tuesday, January 16th. Finally, ValuEngine cut Eros International from a “hold” rating to a “sell” rating in a research report on Friday, October 27th.

Shares of Eros International (NYSE:EROS) opened at $12.85 on Monday. Eros International has a fifty-two week low of $6.65 and a fifty-two week high of $16.90. The company has a market capitalization of $636.35, a price-to-earnings ratio of 308.75, a price-to-earnings-growth ratio of 4.22 and a beta of 0.73. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.44 and a quick ratio of 1.44.

Eros International (NYSE:EROS) last announced its quarterly earnings results on Wednesday, November 22nd. The company reported ($0.03) earnings per share for the quarter, meeting analysts’ consensus estimates of ($0.03). Eros International had a return on equity of 0.22% and a net margin of 0.96%. equities research analysts expect that Eros International will post 0.2 EPS for the current year.

Several hedge funds have recently made changes to their positions in EROS. Parametric Portfolio Associates LLC increased its position in shares of Eros International by 36.4% in the second quarter. Parametric Portfolio Associates LLC now owns 30,135 shares of the company’s stock valued at $345,000 after buying an additional 8,041 shares in the last quarter. State Street Corp increased its position in shares of Eros International by 7.1% in the second quarter. State Street Corp now owns 524,135 shares of the company’s stock valued at $6,002,000 after buying an additional 34,838 shares in the last quarter. Gilder Gagnon Howe & Co. LLC increased its position in shares of Eros International by 64.7% in the third quarter. Gilder Gagnon Howe & Co. LLC now owns 4,128,989 shares of the company’s stock valued at $59,045,000 after buying an additional 1,621,460 shares in the last quarter. Finally, SG Americas Securities LLC purchased a new stake in Eros International during the 3rd quarter worth about $1,605,000. Institutional investors and hedge funds own 60.76% of the company’s stock.

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Eros International Company Profile

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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