Jefferies Financial Group set a $11.00 target price on Caesars Entertainment (NASDAQ:CZR) in a report released on Friday morning. The firm currently has a hold rating on the stock. Jefferies Financial Group also issued estimates for Caesars Entertainment’s Q2 2019 earnings at $0.07 EPS, FY2019 earnings at $0.13 EPS and FY2020 earnings at $0.37 EPS.
A number of other research firms also recently weighed in on CZR. Deutsche Bank started coverage on shares of Caesars Entertainment in a research report on Tuesday, September 4th. They set a buy rating and a $14.00 target price for the company. Bank of America reduced their target price on shares of Caesars Entertainment from $14.00 to $13.00 and set a buy rating for the company in a research report on Thursday, August 2nd. Oppenheimer set a $15.00 target price on shares of Caesars Entertainment and gave the company a buy rating in a research report on Thursday, November 1st. Zacks Investment Research raised shares of Caesars Entertainment from a sell rating to a hold rating in a research report on Monday, September 24th. Finally, BidaskClub raised shares of Caesars Entertainment from a sell rating to a hold rating in a research report on Thursday, September 20th. Three equities research analysts have rated the stock with a sell rating, three have issued a hold rating and seven have given a buy rating to the company. Caesars Entertainment currently has a consensus rating of Hold and a consensus target price of $13.10.
NASDAQ:CZR opened at $9.50 on Friday. The company has a quick ratio of 1.96, a current ratio of 1.98 and a debt-to-equity ratio of 5.52. The stock has a market capitalization of $6.61 billion, a price-to-earnings ratio of -2.82 and a beta of 0.81. Caesars Entertainment has a 52 week low of $7.95 and a 52 week high of $14.50.
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Levin Capital Strategies L.P. bought a new position in Caesars Entertainment in the 3rd quarter worth approximately $102,000. Sawtooth Solutions LLC purchased a new stake in Caesars Entertainment in the 2nd quarter worth approximately $108,000. KCM Investment Advisors LLC purchased a new stake in Caesars Entertainment in the 2nd quarter worth approximately $120,000. IBM Retirement Fund purchased a new stake in Caesars Entertainment in the 2nd quarter worth approximately $125,000. Finally, Oakbrook Investments LLC purchased a new stake in Caesars Entertainment in the 3rd quarter worth 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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