Caesars Entertainment (NASDAQ:CZR) received a $15.00 target price from equities researchers at Oppenheimer in a research report issued on Thursday. The firm presently has a “buy” rating on the stock. Oppenheimer’s price target indicates a potential upside of 69.49% from the stock’s current price.
A number of other research analysts also recently issued reports on CZR. BidaskClub downgraded Caesars Entertainment from a “hold” rating to a “sell” rating in a report on Thursday, October 25th. Morgan Stanley initiated coverage on Caesars Entertainment in a report on Tuesday, October 23rd. They set an “overweight” rating and a $12.00 price target on the stock. Zacks Investment Research downgraded Caesars Entertainment from a “hold” rating to a “sell” rating in a report on Wednesday, October 17th. Bank of America restated a “buy” rating and set a $11.00 price target on shares of Caesars Entertainment in a report on Tuesday, October 16th. Finally, UBS Group initiated coverage on Caesars Entertainment in a report on Monday, September 24th. They set a “sell” rating and a $9.00 price target on the stock. Four investment analysts have rated the stock with a sell rating, two have given a hold rating and seven have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $13.10.
NASDAQ CZR opened at $8.85 on Thursday. Caesars Entertainment has a 1-year low of $7.95 and a 1-year high of $14.50. The company has a debt-to-equity ratio of 5.52, a current ratio of 1.98 and a quick ratio of 1.96. The stock has a market capitalization of $5.64 billion, a PE ratio of -2.63 and a beta of 0.52.
Caesars Entertainment (NASDAQ:CZR) last released its earnings results on Wednesday, August 1st. The company reported $0.04 earnings per share for the quarter, beating analysts’ consensus estimates of $0.01 by $0.03. Caesars Entertainment had a negative return on equity of 4.71% and a net margin of 21.90%. The company had revenue of $2.12 billion during the quarter, compared to analyst estimates of $2.10 billion. During the same quarter in the previous year, the company posted ($9.62) EPS. Caesars Entertainment’s revenue for the quarter was up 110.2% on a year-over-year basis. Equities research analysts forecast that Caesars Entertainment will post -0.08 earnings per share for the current year.
In other news, EVP Christopher J. Holdren bought 5,000 shares of Caesars Entertainment stock in a transaction on Tuesday, August 7th. The shares were purchased at an average price of $9.85 per share, for a total transaction of $49,250.00. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director John M. Boushy bought 10,000 shares of Caesars Entertainment stock in a transaction on Tuesday, August 7th. The shares were purchased at an average price of $9.95 per share, for a total transaction of $99,500.00. Following the acquisition, the director now directly owns 46,139 shares in the company, valued at approximately $459,083.05. The disclosure for this purchase can be found here. 4.60% of the stock is currently owned by corporate insiders.
Several hedge funds have recently bought and sold shares of the business. Levin Capital Strategies L.P. purchased a new position in shares of Caesars Entertainment during the 3rd quarter worth approximately $102,000. Sawtooth Solutions LLC purchased a new position in shares of Caesars Entertainment during the 2nd quarter worth approximately $108,000. KCM Investment Advisors LLC purchased a new position in shares of Caesars Entertainment during the 2nd quarter worth approximately $120,000. IBM Retirement Fund purchased a new position in shares of Caesars Entertainment during the 2nd quarter worth approximately $125,000. Finally, Oppenheimer Asset Management Inc. grew its holdings in shares of Caesars Entertainment by 96.7% during the 3rd quarter. Oppenheimer Asset Management Inc. now owns 25,401 shares of the company’s stock worth $260,000 after acquiring an additional 12,490 shares during the period.
Caesars Entertainment Company Profile
Caesars Entertainment Corporation, through its subsidiaries, provides casino-entertainment and hospitality services in the United States and internationally. The company operates 36,000 slot machines and 2,700 table games, as well as other games comprising keno, poker, and race and sports books; and buffets, restaurants, bars, nightclubs, and lounges located throughout its casinos, as well as banquets and room service.
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