Caesars Entertainment Co. (NASDAQ:CZR) has received a consensus rating of “Hold” from the fifteen analysts that are covering the firm, MarketBeat.com reports. Three research analysts have rated the stock with a sell rating, four have assigned a hold rating and seven have given a buy rating to the company. The average 12-month price objective among brokers that have covered the stock in the last year is $13.00.
A number of research analysts have recently weighed in on the company. Sanford C. Bernstein assumed coverage on Caesars Entertainment in a report on Thursday, November 15th. They set a “market perform” rating on the stock. BidaskClub downgraded Caesars Entertainment from a “hold” rating to a “sell” rating in a report on Saturday, November 10th. Zacks Investment Research upgraded Caesars Entertainment from a “sell” rating to a “hold” rating in a report on Tuesday, November 6th. Morgan Stanley set a $12.00 price target on Caesars Entertainment and gave the company a “buy” rating in a report on Friday, November 2nd. Finally, Jefferies Financial Group set a $11.00 price target on Caesars Entertainment and gave the company a “hold” rating in a report on Friday, November 2nd.
In other news, Director Thomas M. Benninger acquired 41,000 shares of Caesars Entertainment stock in a transaction that occurred on Tuesday, November 20th. The stock was purchased at an average price of $7.79 per share, with a total value of $319,390.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Marco Roca sold 17,834 shares of Caesars Entertainment stock in a transaction on Tuesday, November 13th. The shares were sold at an average price of $8.21, for a total value of $146,417.14. The disclosure for this sale can be found here. Insiders own 4.60% of the company’s stock.
Shares of NASDAQ CZR traded down $0.01 during mid-day trading on Friday, reaching $7.95. The company had a trading volume of 18,020,800 shares, compared to its average volume of 13,739,220. The company has a quick ratio of 1.14, a current ratio of 1.16 and a debt-to-equity ratio of 5.93. The stock has a market capitalization of $5.33 billion, a price-to-earnings ratio of -2.33, a PEG ratio of 12.44 and a beta of 0.74. Caesars Entertainment has a 1-year low of $7.45 and a 1-year high of $14.50.
Caesars Entertainment (NASDAQ:CZR) last issued its earnings results on Thursday, November 1st. The company reported ($0.03) earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of ($0.03). Caesars Entertainment had a return on equity of 2.26% and a net margin of 25.75%. The business had revenue of $2.19 billion for the quarter, compared to analysts’ expectations of $2.19 billion. As a group, analysts anticipate that Caesars Entertainment will post 0.06 earnings per share for the current year.
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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