An Important Check-Up On Eros International Plc (NYSE: EROS)


    After grabbing 2.1 million shares, the institutional investor is now in possession of 2.1 million shares of the Communication Services Company. The new investment brought the stake of investor firm to 1.35% having worth around $5.96 million. Moreover, SSgA Funds Management, Inc. increased its share by 0.27 million to have a control over 1.28 million shares. And Arrowstreet Capital LP raised its holdings to 0.61 million shares by acquiring 1.25 million shares or 0.80% of the stake.

    Eros International Plc (EROS) concluded trading on 08/27/20 at a closing price of $2.90, with 2.28 million shares of worth about $6.63 million changed hands on the day. Weekly performance of the stock remained positive as price took a surge of 8.61% during that period and on Thursday the price saw a gain of about 3.20%. Currently the company’s common shares owned by public are about 177.28M shares, out of which, 132.81M shares are available for trading.

    A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 1 analyst is covering the EROS stock and their offered price forecasts bring an average price target of $4.50. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $4.50 and could fall to a lowest price of $4.50. Analysts also issued an outlook of 2.00 for the Eros International Plc stock for next 12 months. However, touching the estimated high of $4.50 would mean a gain of 35.56% for the stock.

    IPF Investment Fund – Global Oppo, iShares Russell 2000 ETF, and St. James Place Unit Trust – Glob are the top 3 mutual funds which are holding stakes in Eros International Plc IPF Investment Fund – Global Oppo is currently holding 2.39 million shares of worth totaling $6.79 million. The company recently came buying 0.0 shares which brought its stake up to 1.54% of the company’s outstanding shares. iShares Russell 2000 ETF sold 68544.0 shares, after which its hold over company’s outstanding shares shrunk to 0.94%, leaving 1.47 million shares with the mutual fund that have a worth of about $4.17 million. St. James Place Unit Trust – Glob, after buying 1.24 million shares, have now control over 0.80% of the stake in the company. It holds 0.0 shares of worth $3.51 million.

    Eros International Plc (NYSE: EROS) started trading at $2.84, above $0.03 from concluding price of the previous day. However, the stock finished the trading on the day at a closing price of $2.90, or with a gain of 3.20%. Stock saw a price change of 8.61% in past 5 days and over the past one month there was a price change of -23.68%. Year-to-date (YTD), EROS shares are showing a performance of -14.45% which increased to 95.95% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $1.10 but also hit the highest price of $4.91 during that period. While comparing its average daily trading volume of 3.88 million shares, we see that about 2.28 million changed hands on the day. The stock is currently trading 6.56% above its 20-day simple moving average (SMA20), while that difference is down -5.76% for SMA50 and it goes to 2.40% higher than SMA200.

    Portolan Capital Management LLC acquired 2.1 million shares of Eros International Plc having value of about $5.96 million. Eros International Plc (NYSE: EROS) currently have 177.28M outstanding shares and institutions hold larger chunk of about 22.50% of that. Holding of mutual funds in the company is about 18.38% while other institutional holders and individual stake holders have control over 8.44% and — of the stake respectively.

    The stock has a current market capitalization of $582.38M and its 3Y-monthly beta is at 1.05. It has posted earnings per share of -$3.23 in the same period. It has Quick Ratio of 0.50 while making debt-to-equity ratio of 0.72. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for EROS, volatility over the week remained 6.35% while standing at 9.14% over the month.

    Analysts are in expectations that Eros International Plc (EROS) stock would likely to be making an EPS of -$0.06 in the current quarter, while forecast for next quarter ESPS is $0 and it is $0.21 for next year. For the current quarter EPS, analysts have given the company a lowest target -$0.06 which is -$0.06 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $0.04 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 35.00% while it is estimated to increase by 25.56% in next year.

    Analysts at 1 brokerage firms have issued recommendations for the Eros International Plc (EROS)’s stock and average of those rates the stock at a “Moderate Buy” and assign it a score of 2.00. Out of those 1 Wall Street analysts, 1 recommended a “Buy” rating, while 0 were in favor recommending the stock as a “Hold” and 0 analyst recommended the stock as “Sell”.

    Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Citigroup on August 14, 2018 offering a Buy rating for the stock and assigned a target price of $16 to it. Coverage by Wells Fargo stated Eros International Plc (EROS) stock as an Outperform in their note to investors on December 09, 2016, suggesting a price target of for the stock. On November 24, 2015, BofA/Merrill Downgrade their recommendations, while on November 18, 2015, Jefferies Reiterated their ratings for the stock with a price target of $21. Stock get a Buy rating from Jefferies on August 12, 2015.


    Please enter your comment!
    Please enter your name here