In a report released yesterday, David Katz from Jefferies reiterated a Hold rating on Caesars (NASDAQ: CZR), with a price target of $11. The company’s shares closed yesterday at $9.70.
According to TipRanks.com, Katz is a 2-star analyst with an average return of 2.4% and a 42.4% success rate. Katz covers the Services sector, focusing on stocks such as International Game Technology, Monarch Casino & Resort Inc, and Wyndham Destinations Inc.
Caesars has an analyst consensus of Moderate Buy, with a price target consensus of $13.
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Based on Caesars’ latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $2.12 billion and net profit of $29 million. In comparison, last year the company earned revenue of $1 billion and had a GAAP net loss of $1.44 billion.
Based on the recent corporate insider activity of 99 insiders, corporate insider sentiment is negative on the stock.
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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.
