Caesars Entertainment (NASDAQ:CZR) was upgraded by BidaskClub from a “sell” rating to a “hold” rating in a research note issued to investors on Friday.
Several other brokerages also recently commented on CZR. Zacks Investment Research upgraded Caesars Entertainment from a “sell” rating to a “hold” rating in a research report on Monday, October 8th. Deutsche Bank initiated coverage on Caesars Entertainment in a report on Tuesday, September 4th. They issued a “buy” rating and a $14.00 target price on the stock. UBS Group initiated coverage on Caesars Entertainment in a report on Monday, September 24th. They issued a “sell” rating and a $9.00 target price on the stock. Bank of America initiated coverage on Caesars Entertainment in a report on Monday, July 23rd. They issued a “buy” rating and a $14.00 target price on the stock. Finally, Jefferies Financial Group set a $11.00 target price on Caesars Entertainment and gave the stock a “hold” rating in a report on Thursday, August 2nd. Three research analysts have rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the company’s stock. Caesars Entertainment currently has a consensus rating of “Hold” and an average price target of $13.22.
CZR stock opened at $10.25 on Friday. Caesars Entertainment has a twelve month low of $8.55 and a twelve month high of $14.50. The company has a debt-to-equity ratio of 5.52, a current ratio of 1.98 and a quick ratio of 1.96. The company has a market cap of $7.11 billion, a P/E ratio of -3.04 and a beta of 0.52.
Caesars Entertainment (NASDAQ:CZR) last posted its earnings results on Wednesday, August 1st. The company reported $0.04 EPS for the quarter, topping the Zacks’ consensus estimate of $0.01 by $0.03. The business had revenue of $2.12 billion during the quarter, compared to analyst estimates of $2.10 billion. Caesars Entertainment had a negative return on equity of 4.71% and a net margin of 21.90%. The company’s quarterly revenue was up 110.2% compared to the same quarter last year. During the same quarter last year, the company earned ($9.62) EPS. Equities research analysts forecast that Caesars Entertainment will post -0.04 earnings per share for the current fiscal year.
In other Caesars Entertainment news, EVP Christopher J. Holdren bought 5,000 shares of the company’s stock in a transaction on Tuesday, August 7th. The stock was acquired at an average price of $9.85 per share, for a total transaction of $49,250.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Eric A. Hession bought 10,000 shares of the company’s stock in a transaction on Friday, August 3rd. The shares were acquired at an average price of $9.54 per share, with a total value of $95,400.00. The disclosure for this purchase can be found here. Insiders have acquired 125,000 shares of company stock valued at $1,199,150 in the last 90 days. Company insiders own 0.92% of the company’s stock.
A number of institutional investors have recently bought and sold shares of the business. Oakbrook Investments LLC purchased a new stake in Caesars Entertainment during the third quarter worth $148,000. Selz Capital LLC increased its position in shares of Caesars Entertainment by 2.1% during the third quarter. Selz Capital LLC now owns 3,175,483 shares of the company’s stock worth $32,548,000 after purchasing an additional 65,000 shares in the last quarter. Northern Trust Corp increased its position in shares of Caesars Entertainment by 25.7% during the second quarter. Northern Trust Corp now owns 1,895,192 shares of the company’s stock worth $20,279,000 after purchasing an additional 386,989 shares in the last quarter. Bank of New York Mellon Corp increased its position in shares of Caesars Entertainment by 113.5% during the second quarter. Bank of New York Mellon Corp now owns 1,334,380 shares of the company’s stock worth $14,278,000 after purchasing an additional 709,373 shares in the last quarter. Finally, Public Employees Retirement System of Ohio increased its position in shares of Caesars Entertainment by 10,136.5% during the second quarter. Public Employees Retirement System of Ohio now owns 400,041 shares of the company’s stock worth $4,280,000 after purchasing an additional 396,133 shares in the last quarter.
About Caesars Entertainment
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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