Caesars Entertainment (NASDAQ:CZR) Coverage Initiated by Analysts at Wells Fargo & Company

Wells Fargo & Company initiated coverage on shares of Caesars Entertainment (NASDAQ:CZR) in a report published on Tuesday, The Fly reports. The firm issued an overweight rating on the stock.

CZR has been the topic of a number of other reports. JPMorgan Chase & Co. boosted their price target on shares of Caesars Entertainment from $120.00 to $129.00 and gave the company an overweight rating in a research note on Thursday, June 10th. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Caesars Entertainment from $126.00 to $132.00 and gave the company a buy rating in a research note on Monday, June 7th. Stifel Nicolaus boosted their price target on shares of Caesars Entertainment from $125.00 to $130.00 and gave the company a buy rating in a research note on Wednesday, August 4th. Cowen upped their target price on shares of Caesars Entertainment from $120.00 to $125.00 and gave the stock an outperform rating in a research note on Friday, September 10th. Finally, Morgan Stanley upped their target price on shares of Caesars Entertainment from $124.00 to $127.00 and gave the stock an overweight rating in a research note on Wednesday, August 4th. Two investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, Caesars Entertainment has a consensus rating of Buy and an average target price of $113.27.

CZR opened at $103.07 on Tuesday. The firm has a market capitalization of $22.00 billion, a PE ratio of -10.64 and a beta of 3.20. Caesars Entertainment has a twelve month low of $43.07 and a twelve month high of $113.46. The firm’s 50-day moving average price is $94.56 and its 200 day moving average price is $97.19. The company has a current ratio of 1.16, a quick ratio of 1.15 and a debt-to-equity ratio of 5.08.

Caesars Entertainment (NASDAQ:CZR) last issued its earnings results on Tuesday, August 3rd. The company reported $0.48 EPS for the quarter, topping analysts’ consensus estimates of ($0.26) by $0.74. Caesars Entertainment had a negative net margin of 25.91% and a negative return on equity of 38.37%. As a group, analysts predict that Caesars Entertainment will post -1.69 earnings per share for the current fiscal year.

In other news, insider Edmund L. Quatmann, Jr. sold 842 shares of the company’s stock in a transaction on Tuesday, August 24th. The shares were sold at an average price of $90.83, for a total value of $76,478.86. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.55% of the company’s stock.

A number of large investors have recently modified their holdings of the stock. Commonwealth Equity Services LLC boosted its stake in Caesars Entertainment by 1.8% during the 1st quarter. Commonwealth Equity Services LLC now owns 9,597 shares of the company’s stock worth $839,000 after purchasing an additional 173 shares during the period. Waratah Capital Advisors Ltd. boosted its stake in Caesars Entertainment by 5.0% during the 2nd quarter. Waratah Capital Advisors Ltd. now owns 3,651 shares of the company’s stock worth $379,000 after purchasing an additional 173 shares during the period. AdvisorShares Investments LLC boosted its stake in Caesars Entertainment by 0.7% during the 1st quarter. AdvisorShares Investments LLC now owns 25,785 shares of the company’s stock worth $2,255,000 after purchasing an additional 175 shares during the period. Archer Investment Corp boosted its stake in Caesars Entertainment by 27.9% during the 2nd quarter. Archer Investment Corp now owns 871 shares of the company’s stock worth $90,000 after purchasing an additional 190 shares during the period. Finally, State of Michigan Retirement System boosted its stake in Caesars Entertainment by 0.4% during the 2nd quarter. State of Michigan Retirement System now owns 52,500 shares of the company’s stock worth $5,447,000 after purchasing an additional 200 shares during the period. Hedge funds and other institutional investors own 92.41% of the company’s stock.

Caesars Entertainment Company Profile

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Analyst Recommendations for Caesars Entertainment (NASDAQ:CZR)

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