Shares of Caesars Entertainment, Inc. (NASDAQ:CZR – Get Rating) have been assigned an average rating of “Buy” from the seventeen analysts that are presently covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, two have given a hold recommendation and twelve have issued a buy recommendation on the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $117.47.
Several research analysts recently weighed in on CZR shares. Wells Fargo & Company decreased their price objective on shares of Caesars Entertainment from $105.00 to $103.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 13th. B. Riley cut their target price on Caesars Entertainment from $191.00 to $183.00 and set a “buy” rating for the company in a research note on Wednesday, February 23rd. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Caesars Entertainment from $105.00 to $100.00 and set a “buy” rating on the stock in a research note on Thursday, April 21st. Bank of America cut their price objective on shares of Caesars Entertainment from $110.00 to $95.00 and set a “buy” rating for the company in a research note on Monday, April 18th. Finally, StockNews.com started coverage on shares of Caesars Entertainment in a research report on Thursday, March 31st. They issued a “hold” rating on the stock.
In other Caesars Entertainment news, Director Michael E. Pegram acquired 13,000 shares of the company’s stock in a transaction that occurred on Tuesday, March 8th. The shares were bought at an average price of $68.89 per share, with a total value of $895,570.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Sandra Douglass Morgan sold 756 shares of the company’s stock in a transaction that occurred on Thursday, March 17th. The shares were sold at an average price of $79.28, for a total transaction of $59,935.68. The disclosure for this sale can be found here. 0.55% of the stock is owned by insiders.
NASDAQ:CZR opened at $67.65 on Wednesday. Caesars Entertainment has a 12 month low of $62.28 and a 12 month high of $119.81. The company has a current ratio of 1.13, a quick ratio of 1.12 and a debt-to-equity ratio of 3.02. The firm’s 50 day moving average is $74.60 and its 200 day moving average is $85.54. The stock has a market capitalization of $14.49 billion, a PE ratio of -14.04 and a beta of 2.80.
Caesars Entertainment (NASDAQ:CZR – Get Rating) last posted its earnings results on Tuesday, May 3rd. The company reported ($2.11) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($1.65) by ($0.46). The company had revenue of $2.29 billion for the quarter, compared to analysts’ expectations of $2.35 billion. Caesars Entertainment had a negative net margin of 10.74% and a negative return on equity of 16.61%. The firm’s quarterly revenue was up 34.9% compared to the same quarter last year. During the same period in the previous year, the firm earned ($2.06) EPS. Research analysts predict that Caesars Entertainment will post -1.61 earnings per share for the current year.
Caesars Entertainment Company Profile (Get Rating)
Caesars Entertainment, Inc operates as a gaming and hospitality company in the United States. The company operates casinos comprising poker, keno, and race and online sportsbooks; dining venues, bars, nightclubs, and lounges; hotels; and entertainment venues. It also provides staffing and management services; accessories, souvenirs, and decorative items through retail stores; and online sports betting and iGaming services.
- Get a free copy of the StockNews.com research report on Caesars Entertainment (CZR)
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