Morgan Stanley set a $12.00 target price on Caesars Entertainment (NASDAQ:CZR) in a research note released on Friday morning. The brokerage currently has a buy rating on the stock.
Several other equities analysts also recently weighed in on the stock. Jefferies Financial Group set a $11.00 price target on shares of Caesars Entertainment and gave the stock a hold rating in a research note on Friday. Oppenheimer set a $15.00 price target on shares of Caesars Entertainment and gave the stock a buy rating in a research note on Thursday. BidaskClub downgraded shares of Caesars Entertainment from a hold rating to a sell rating in a research note on Thursday, October 25th. Zacks Investment Research downgraded shares of Caesars Entertainment from a hold rating to a sell rating in a research note on Wednesday, October 17th. Finally, Bank of America reaffirmed a buy rating and set a $11.00 target price on shares of Caesars Entertainment in a research note on Tuesday, October 16th. Three research analysts have rated the stock with a sell rating, three have assigned a hold rating and seven have given a buy rating to the stock. Caesars Entertainment has an average rating of Hold and an average price target of $13.10.
Shares of NASDAQ:CZR traded down $0.12 during midday trading on Friday, hitting $9.41. The company’s stock had a trading volume of 766,852 shares, compared to its average volume of 26,794,172. The company has a current ratio of 1.98, a quick ratio of 1.96 and a debt-to-equity ratio of 5.52. The company has a market cap of $6.61 billion, a P/E ratio of -2.85 and a beta of 0.81. Caesars Entertainment has a 12-month low of $7.95 and a 12-month high of $14.50.
In other news, Director John M. Boushy bought 10,000 shares of Caesars Entertainment stock in a transaction on Tuesday, August 7th. The shares were bought at an average cost of $9.95 per share, with a total value of $99,500.00. Following the completion of the purchase, the director now directly owns 46,139 shares of the company’s stock, valued at $459,083.05. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 cost of $9.85 per share, for a total transaction of $49,250.00. The disclosure for this purchase can be found here. 0.92% of the stock is owned by insiders.
Several institutional investors have recently added to or reduced their stakes in CZR. Levin Capital Strategies L.P. purchased a new stake in shares of Caesars Entertainment in the 3rd quarter valued at approximately $102,000. Sawtooth Solutions LLC purchased a new stake in shares of Caesars Entertainment in the 2nd quarter valued at approximately $108,000. KCM Investment Advisors LLC purchased a new stake in shares of Caesars Entertainment in the 2nd quarter valued at approximately $120,000. IBM Retirement Fund purchased a new stake in shares of Caesars Entertainment in the 2nd quarter valued at approximately $125,000. Finally, Oakbrook Investments LLC purchased a new stake in shares of Caesars Entertainment in the 3rd quarter valued at approximately $148,000.
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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