In a report released yesterday, Shaun Kelley from Merrill Lynch maintained a Buy rating on Caesars (NASDAQ: CZR), with a price target of $11. The company’s shares closed yesterday at $8.85, close to its 52-week low of $8.55.
According to TipRanks.com, Kelley is a 4-star analyst with an average return of 9.8% and a 58.0% success rate. Kelley covers the Services sector, focusing on stocks such as Penn National Gaming, Las Vegas Sands, and Wynn Resorts.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Caesars with a $12.50 average price target, representing a 41.3% upside. In a report issued on October 9, Deutsche Bank also maintained a Buy rating on the stock with a $14 price target.
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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 14.62M.
Based on the recent corporate insider activity of 91 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.
