Caesars Acquisition Company Now Covered by Credit Suisse (CACQ)
Research analysts at Credit Suisse assumed coverage on shares of Caesars Acquisition Company (NASDAQ:CACQ) in a report released on Monday, TheFlyOnTheWall.com reports. The firm set an “outperform” rating and a $13.00 price target on the stock. Credit Suisse’s price target would suggest a potential upside of 10.36% from the stock’s previous close.
The analysts wrote, “We initiate coverage of CACQ with an Outperform rating and $13 target price. CACQ was formed to make an equity investment in Caesars Growth Partners (CGP), which was recently spun out from Caesars Entertainment (CZR). Because CACQ’s only material asset is its interest in CGP, we value CACQ based on its 43% stake in CGP.”
Shares of Caesars Acquisition Company (NASDAQ:CACQ) traded up 0.68% during mid-day trading on Monday, hitting $11.86. The stock had a trading volume of 61,349 shares. Caesars Acquisition Company has a one year low of $10.34 and a one year high of $12.42. The stock’s 50-day moving average is $11.35 and its 200-day moving average is $11.35. The company has a market cap of $1.610 billion and a P/E ratio of 12.49.
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