Caesars (CZR) Receives a Buy from Deutsche Bank


In a report issued on February 22, Carlo Santarelli from Deutsche Bank maintained a Buy rating on Caesars (CZR), with a price target of $11. The company’s shares closed on Friday at $9.05.

According to TipRanks.com, Santarelli is a 5-star analyst with an average return of 10.1% and a 64.5% success rate. Santarelli covers the Services sector, focusing on stocks such as International Game Technology, Penn National Gaming, and Red Rock Resorts Inc.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Caesars with a $10.63 average price target, which is a 17.5% upside from current levels. In a report issued on February 22, Oppenheimer also maintained a Buy rating on the stock with a $15 price target.

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Caesars’ market cap is currently $6.06B and has a P/E ratio of 2.86. The company has a Price to Book ratio of 1.97.

Based on the recent corporate insider activity of 85 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of CZR in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Caesars Entertainment Corp. is a holding company, which engages in the provision of casino-entertainment and hospitality services. It operates through the following segments: Las Vegas, Other U.S., and All Other. The All Other segment includes managed and international properties as well as other business, such as Caesars Interactive Entertainment.

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