Caesars Entertainment Co. (CZR) Receives Average Rating of “Hold” from Analysts
Caesars Entertainment Co. (NASDAQ:CZR) has been given an average rating of “Hold” by the thirteen ratings firms that are currently covering the stock, MarketBeat.com reports. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and six have assigned a buy rating to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $14.00.
CZR has been the topic of a number of analyst reports. BidaskClub lowered shares of Caesars Entertainment from a “sell” rating to a “strong sell” rating in a research note on Wednesday, May 30th. ValuEngine upgraded shares of Caesars Entertainment from a “sell” rating to a “hold” rating in a research report on Saturday, June 2nd. Zacks Investment Research upgraded shares of Caesars Entertainment from a “sell” rating to a “hold” rating in a research report on Tuesday, July 10th. Bank of America initiated coverage on shares of Caesars Entertainment in a research report on Monday, July 23rd. They set a “buy” rating and a $14.00 target price on the stock. Finally, Jefferies Financial Group set a $11.00 target price on shares of Caesars Entertainment and gave the company a “hold” rating in a research report on Thursday, August 2nd.
In other Caesars Entertainment news, insider Mark P. Frissora acquired 100,000 shares of the stock in a transaction on Friday, August 3rd. The shares were purchased at an average price of $9.55 per share, for a total transaction of $955,000.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director John M. Boushy acquired 10,000 shares of the stock in a transaction on Tuesday, August 7th. The shares were acquired at an average price of $9.95 per share, for a total transaction of $99,500.00. Following the acquisition, the director now owns 46,139 shares of the company’s stock, valued at approximately $459,083.05. The disclosure for this purchase can be found here. Insiders have purchased a total of 125,000 shares of company stock worth $1,199,150 in the last quarter. 4.60% of the stock is owned by corporate insiders.
Shares of NASDAQ:CZR traded down $0.15 during trading on Monday, reaching $10.80. The stock had a trading volume of 30,956,062 shares, compared to its average volume of 12,348,646. The company has a debt-to-equity ratio of 5.52, a quick ratio of 1.96 and a current ratio of 1.98. Caesars Entertainment has a 52 week low of $8.55 and a 52 week high of $14.50. The firm has a market cap of $7.59 billion, a P/E ratio of -3.20 and a beta of 0.47.
Caesars Entertainment (NASDAQ:CZR) last posted its quarterly earnings data on Wednesday, August 1st. The company reported $0.04 EPS for the quarter, beating the Zacks’ consensus estimate of $0.01 by $0.03. Caesars Entertainment had a net margin of 21.90% and a negative return on equity of 4.71%. The company had revenue of $2.12 billion for the quarter, compared to analyst estimates of $2.10 billion. During the same period in the prior year, the firm posted ($9.62) EPS. The company’s quarterly revenue was up 110.2% on a year-over-year basis. sell-side analysts anticipate that Caesars Entertainment will post -0.04 earnings per share for the current year.
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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