Caesars Entertainment (NASDAQ:CZR)‘s stock had its “average” rating reaffirmed by equities research analysts at SunTrust Banks in a research note issued to investors on Monday. They presently have a $16.00 target price on the stock. SunTrust Banks’ price target would indicate a potential upside of 14.29% from the company’s current price.
Several other research analysts also recently commented on CZR. Zacks Investment Research raised Caesars Entertainment from a “strong sell” rating to a “hold” rating in a research report on Tuesday, January 30th. Jefferies Group assumed coverage on Caesars Entertainment in a report on Thursday, January 18th. They set a “hold” rating and a $14.00 price objective on the stock. ValuEngine lowered Caesars Entertainment from a “hold” rating to a “sell” rating in a report on Friday, December 1st. BidaskClub lowered Caesars Entertainment from a “buy” rating to a “hold” rating in a report on Tuesday, October 10th. Finally, Oppenheimer reissued a “buy” rating and set a $15.00 price objective on shares of Caesars Entertainment in a report on Thursday, November 30th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and five have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $14.55.
Shares of Caesars Entertainment (NASDAQ CZR) traded up $0.10 during midday trading on Monday, reaching $14.00. The company’s stock had a trading volume of 825,467 shares, compared to its average volume of 7,352,979. The company has a current ratio of 0.48, a quick ratio of 0.48 and a debt-to-equity ratio of -1.69. The company has a market cap of $9,787.43, a P/E ratio of -0.68 and a beta of 0.26. Caesars Entertainment has a 52 week low of $8.50 and a 52 week high of $14.50.
A number of institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. boosted its stake in Caesars Entertainment by 7.6% in the second quarter. Vanguard Group Inc. now owns 4,910,696 shares of the company’s stock worth $58,929,000 after purchasing an additional 346,270 shares in the last quarter. Eagle Asset Management Inc. boosted its stake in Caesars Entertainment by 45.2% in the third quarter. Eagle Asset Management Inc. now owns 2,191,757 shares of the company’s stock worth $29,259,000 after purchasing an additional 681,779 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in Caesars Entertainment by 619.0% in the third quarter. Bank of New York Mellon Corp now owns 1,920,538 shares of the company’s stock worth $25,639,000 after purchasing an additional 1,653,439 shares in the last quarter. Hamilton Lane Advisors LLC acquired a new position in Caesars Entertainment in the fourth quarter worth $24,118,000. Finally, Selz Capital LLC acquired a new position in Caesars Entertainment in the fourth quarter worth $23,385,000. 21.06% of the stock is currently owned by institutional investors.
ILLEGAL ACTIVITY NOTICE: This piece was reported by American Banking News and is the sole property of of American Banking News. If you are accessing this piece on another publication, it was copied illegally and republished in violation of U.S. and international copyright & trademark law. The legal version of this piece can be viewed at https://www.americanbankingnews.com/2018/02/05/caesars-entertainment-czr-given-average-rating-at-suntrust-banks-2.html.
Caesars Entertainment Company Profile
Caesars Entertainment Corporation is a holding company. The Company provides casino-entertainment and hospitality services. The Company’s segments include Caesars Entertainment Resort Properties, LLC (CERP), Caesars Growth Partners, LLC (CGP) and Other. The Company’s resorts operate primarily under the Harrah’s, Caesars and Horseshoe brand names.
Receive News & Ratings for Caesars Entertainment Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Caesars Entertainment and related companies with MarketBeat.com's FREE daily email newsletter.