KeyCorp Boosts Caesars Entertainment (NASDAQ:CZR) Price Target to $110.00


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Caesars Entertainment (NASDAQ:CZR) had its price objective raised by research analysts at KeyCorp from $102.00 to $110.00 in a research report issued to clients and investors on Thursday, The Fly reports. The brokerage presently has an “overweight” rating on the stock. KeyCorp’s price target suggests a potential upside of 18.80% from the stock’s previous close.

CZR has been the subject of several other reports. Zacks Investment Research raised shares of Caesars Entertainment from a “sell” rating to a “hold” rating in a report on Wednesday, March 24th. TheStreet raised Caesars Entertainment from a “d+” rating to a “c” rating in a report on Wednesday, March 17th. The Goldman Sachs Group increased their price target on Caesars Entertainment from $92.00 to $95.00 and gave the stock a “neutral” rating in a research report on Monday, March 29th. Morgan Stanley upgraded Caesars Entertainment from an “equal weight” rating to an “overweight” rating and set a $92.00 price objective for the company in a research note on Monday. Finally, Loop Capital raised their target price on Caesars Entertainment from $82.00 to $92.00 and gave the company a “buy” rating in a research note on Friday, February 26th. Four investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Caesars Entertainment currently has an average rating of “Buy” and an average target price of $76.56.

Shares of Caesars Entertainment stock opened at $92.59 on Thursday. The company has a debt-to-equity ratio of 8.19, a quick ratio of 2.53 and a current ratio of 2.55. Caesars Entertainment has a 1 year low of $14.62 and a 1 year high of $106.20. The firm’s 50-day simple moving average is $90.14 and its 200-day simple moving average is $72.77. The firm has a market cap of $19.28 billion, a PE ratio of -9.49 and a beta of 3.15.

Caesars Entertainment (NASDAQ:CZR) last issued its earnings results on Thursday, February 25th. The company reported ($1.70) EPS for the quarter, topping the consensus estimate of ($1.77) by $0.07. Caesars Entertainment had a negative return on equity of 56.40% and a negative net margin of 47.29%. The company had revenue of $1.50 billion during the quarter, compared to analyst estimates of $1.64 billion. On average, equities analysts predict that Caesars Entertainment will post -9.66 earnings per share for the current year.

In other news, insider Edmund L. Quatmann, Jr. sold 20,000 shares of Caesars Entertainment stock in a transaction that occurred on Tuesday, January 19th. The shares were sold at an average price of $81.27, for a total value of $1,625,400.00. Following the transaction, the insider now owns 28,196 shares of the company’s stock, valued at approximately $2,291,488.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Anthony L. Carano sold 25,000 shares of the business’s stock in a transaction that occurred on Friday, January 29th. The stock was sold at an average price of $70.75, for a total transaction of $1,768,750.00. Following the completion of the sale, the chief operating officer now owns 93,020 shares in the company, valued at $6,581,165. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 210,000 shares of company stock worth $16,738,000. 0.40% of the stock is owned by insiders.

Several large investors have recently made changes to their positions in CZR. CNB Bank purchased a new position in shares of Caesars Entertainment in the third quarter worth approximately $28,000. Archer Investment Corp bought a new stake in Caesars Entertainment in the fourth quarter valued at about $39,000. Steward Partners Investment Advisory LLC raised its position in Caesars Entertainment by 2,000.0% in the third quarter. Steward Partners Investment Advisory LLC now owns 525 shares of the company’s stock worth $29,000 after purchasing an additional 500 shares in the last quarter. Lindbrook Capital LLC bought a new position in Caesars Entertainment during the third quarter worth about $30,000. Finally, TCI Wealth Advisors Inc. acquired a new position in shares of Caesars Entertainment in the 3rd quarter worth approximately $31,000. Institutional investors own 90.68% of the company’s stock.

About Caesars Entertainment

Caesars Entertainment, Inc operates as a casino-entertainment company in the United States. The company operates resorts primarily under the Caesars, Harrah's, Horseshoe, and Eldorado brand names. It offers various amenities and one-of-a-kind destinations; and gaming services. The company was founded in 1937 and is based in Reno, Nevada.

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Analyst Recommendations for Caesars Entertainment (NASDAQ:CZR)

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