In a report issued on October 9, Carlo Santarelli from Deutsche Bank maintained a Buy rating on Caesars (NASDAQ: CZR), with a price target of $14. The company’s shares closed on Friday at $9.03, close to its 52-week low of $8.55.
According to TipRanks.com, Santarelli is a 5-star analyst with an average return of 10.1% and a 63.2% success rate. Santarelli covers the Services sector, focusing on stocks such as International Game Technology, Marriott International, and Pinnacle Entertainment.
Currently, the analyst consensus on Caesars is a Moderate Buy with an average price target of $12.50.
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The company has a one-year high of $14.50 and a one-year low of $8.55. Currently, Caesars has an average volume of 14.22M.
Based on the recent corporate insider activity of 93 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.
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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.
