Caesars Entertainment Corp’s “Neutral” Rating Reaffirmed at Macquarie (CZR)
Caesars Entertainment Corp (NYSE:CZR)‘s stock had its “neutral” rating reaffirmed by equities research analysts at Macquarie in a research note issued to investors on Tuesday. They currently have a $12.00 price objective on the stock, up from their previous price objective of $8.00. Macquarie’s target price suggests a potential downside of 12.22% from the stock’s previous close.
Shares of Caesars Entertainment Corp (NYSE:CZR) traded down 15.84% on Tuesday, hitting $11.505. 3,515,003 shares of the company’s stock traded hands. Caesars Entertainment Corp has a 1-year low of $12.21 and a 1-year high of $26.74. The stock has a 50-day moving average of $16.5 and a 200-day moving average of $19.58. The company’s market cap is $1.659 billion.
Caesars Entertainment Corp (NYSE:CZR) last issued its quarterly earnings data on Monday, August 11th. The company reported ($3.24) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.19) by $2.05. The company had revenue of $2.19 billion for the quarter, compared to the consensus estimate of $2.22 billion. During the same quarter in the previous year, the company posted ($1.69) earnings per share. The company’s revenue for the quarter was up 3.0% on a year-over-year basis. On average, analysts predict that Caesars Entertainment Corp will post $-5.35 earnings per share for the current fiscal year.
Caesars Entertainment Corporation is a diversified casino-entertainment provider. The Company’s business is primarily conducted through a wholly owned subsidiary, Caesars Entertainment Operating Company, Inc (NYSE:CZR), although certain material properties are not owned by CEOC.
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