Analysts Set Eros International plc (EROS) PT at $17.00

Shares of Eros International plc (NYSE:EROS) have received a consensus rating of “Hold” from the six brokerages that are covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating on the company. The average 12 month price target among brokerages that have covered the stock in the last year is $17.00.

Several equities research analysts have recently commented on the stock. Zacks Investment Research raised shares of Eros International from a “sell” rating to a “hold” rating in a research report on Friday, March 9th. TheStreet upgraded shares of Eros International from a “d+” rating to a “c-” rating in a report on Monday, February 26th. Finally, ValuEngine cut shares of Eros International from a “hold” rating to a “sell” rating in a report on Tuesday, December 12th.

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Shares of NYSE:EROS traded down $0.15 during midday trading on Tuesday, hitting $10.80. 302,894 shares of the company’s stock were exchanged, compared to its average volume of 347,461. 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 has a 12 month low of $6.65 and a 12 month high of $16.90.

Eros International (NYSE:EROS) last posted its earnings results on Wednesday, February 21st. The company reported $0.05 EPS for the quarter, missing the consensus estimate of $0.10 by ($0.05). The business had revenue of $65.19 million for the quarter, compared to the consensus estimate of $65.30 million. Eros International had a positive return on equity of 0.40% and a negative net margin of 2.33%. sell-side analysts expect that Eros International will post -0.01 EPS for the current year.

A hedge fund recently raised its stake in Eros International stock. State Street Corp raised its stake in Eros International plc (NYSE:EROS) by 7.1% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 524,135 shares of the company’s stock after acquiring an additional 34,838 shares during the quarter. State Street Corp owned approximately 0.88% of Eros International worth $6,002,000 as of its most recent filing with the Securities & Exchange Commission. 59.67% of the stock is owned by hedge funds and other institutional investors.

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About Eros International

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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