In a report released yesterday, Carlo Santarelli from Deutsche Bank maintained a Buy rating on Caesars (CZR), with a price target of $13. The company’s shares closed on Friday at $7.45, close to its 52-week low of $7.07.
According to TipRanks.com, Santarelli is a 5-star analyst with an average return of 7.2% and a 60.0% success rate. Santarelli covers the Services sector, focusing on stocks such as International Game Technology, Marriott International, and Penn National Gaming.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Caesars with a $11.64 average price target.
See today’s analyst top recommended stocks >>
Based on Caesars’ latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $2.19 billion and net profit of $110 million. In comparison, last year the company earned revenue of $986 million and had a GAAP net loss of $468 million.
Based on the recent corporate insider activity of 90 insiders, corporate insider sentiment is neutral on the stock.
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.
