Caesars Entertainment, Inc. (NASDAQ:CZR – Get Rating) has received an average recommendation of “Hold” from the seventeen research firms that are covering the firm, Marketbeat.com reports. Two investment analysts have rated the stock with a sell recommendation, three have given a hold recommendation and five have assigned a buy recommendation to the company. The average 1-year target price among analysts that have covered the stock in the last year is $71.47.
Several analysts have recently weighed in on the stock. Susquehanna dropped their price objective on shares of Caesars Entertainment from $32.00 to $27.00 and set a “negative” rating for the company in a report on Monday, October 3rd. Cowen dropped their price objective on shares of Caesars Entertainment to $75.00 in a report on Thursday, October 20th. StockNews.com began coverage on shares of Caesars Entertainment in a research note on Wednesday, October 12th. They set a “hold” rating on the stock. Wells Fargo & Company increased their price target on shares of Caesars Entertainment from $64.00 to $72.00 and gave the company an “overweight” rating in a research note on Wednesday, November 2nd. Finally, Susquehanna Bancshares decreased their price target on shares of Caesars Entertainment from $32.00 to $27.00 and set a “negative” rating on the stock in a research note on Monday, October 3rd.
Insider Transactions at Caesars Entertainment
In other news, Director Michael E. Pegram purchased 25,000 shares of Caesars Entertainment stock in a transaction dated Friday, November 4th. The shares were bought at an average cost of $44.74 per share, with a total value of $1,118,500.00. Following the completion of the transaction, the director now directly owns 96,697 shares in the company, valued at approximately $4,326,223.78. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 0.50% of the company’s stock.
Institutional Investors Weigh In On Caesars Entertainment
Caesars Entertainment Stock Performance
NASDAQ:CZR opened at $44.11 on Monday. Caesars Entertainment has a 12-month low of $31.31 and a 12-month high of $91.59. The company has a quick ratio of 0.78, a current ratio of 0.80 and a debt-to-equity ratio of 6.53. The firm has a market capitalization of $9.46 billion, a PE ratio of -7.96 and a beta of 2.83. The firm has a 50-day moving average price of $46.91 and a 200 day moving average price of $43.86.
Caesars Entertainment (NASDAQ:CZR – Get Rating) last posted its quarterly earnings data on Tuesday, November 1st. The company reported $0.24 earnings per share for the quarter, topping the consensus estimate of $0.15 by $0.09. The company had revenue of $2.89 billion during the quarter, compared to analyst estimates of $2.84 billion. Caesars Entertainment had a negative net margin of 11.18% and a negative return on equity of 15.21%. Research analysts anticipate that Caesars Entertainment will post -1.57 earnings per share for the current fiscal year.
About Caesars Entertainment
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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