Caesars Entertainment Corporation (CZR) Lowered to “Sell” at ValuEngine
ValuEngine cut shares of Caesars Entertainment Corporation (NASDAQ:CZR) from a hold rating to a sell rating in a research note published on Monday.
Other research analysts have also recently issued reports about the stock. BidaskClub raised shares of Caesars Entertainment Corporation from a hold rating to a buy rating in a report on Sunday, July 16th. SunTrust Banks, Inc. began coverage on shares of Caesars Entertainment Corporation in a research note on Friday, September 15th. They set a buy rating and a $14.00 price objective on the stock. Zacks Investment Research raised shares of Caesars Entertainment Corporation from a hold rating to a buy rating and set a $13.00 target price on the stock in a report on Friday, September 8th. Wolfe Research initiated coverage on shares of Caesars Entertainment Corporation in a research report on Friday, July 21st. They issued an outperform rating and a $16.00 target price for the company. Finally, Imperial Capital assumed coverage on shares of Caesars Entertainment Corporation in a research report on Wednesday, July 19th. They issued an outperform rating and a $15.50 target price for the company. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have assigned a buy rating to the stock. The company has an average rating of Buy and an average target price of $14.50.
Shares of Caesars Entertainment Corporation (NASDAQ CZR) traded down 1.5918% on Monday, hitting $13.1375. The company had a trading volume of 890,421 shares. Caesars Entertainment Corporation has a 12-month low of $6.70 and a 12-month high of $13.60. The company’s market capitalization is $1.96 billion. The firm has a 50-day moving average price of $11.95 and a 200 day moving average price of $11.48. Caesars Entertainment Corporation also saw some unusual options trading activity on Monday. Investors purchased 34,294 call options on the company. This is an increase of approximately 1,002% compared to the typical volume of 3,111 call options.
Caesars Entertainment Corporation (NASDAQ:CZR) last released its quarterly earnings results on Thursday, August 3rd. The company reported ($0.21) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.26 by ($0.47). The company had revenue of $1 billion for the quarter, compared to analyst estimates of $2.11 billion. Equities analysts expect that Caesars Entertainment Corporation will post $0.06 EPS for the current year.
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A number of large investors have recently added to or reduced their stakes in CZR. Davidson Kempner Capital Management LP bought a new position in Caesars Entertainment Corporation in the second quarter valued at about $5,378,000. The Manufacturers Life Insurance Company raised its stake in Caesars Entertainment Corporation by 0.3% during the second quarter. The Manufacturers Life Insurance Company now owns 47,153 shares of the company’s stock worth $566,000 after acquiring an additional 118 shares in the last quarter. C M Bidwell & Associates Ltd. raised its stake in Caesars Entertainment Corporation by 29.3% during the second quarter. C M Bidwell & Associates Ltd. now owns 27,420 shares of the company’s stock worth $329,000 after acquiring an additional 6,215 shares in the last quarter. Caxton Associates LP acquired a new position in Caesars Entertainment Corporation during the second quarter worth about $3,323,000. Finally, BlueCrest Capital Management Ltd acquired a new position in Caesars Entertainment Corporation during the second quarter worth about $973,000. 76.68% of the stock is currently owned by institutional investors and hedge funds.
Caesars Entertainment Corporation Company Profile
Caesars Entertainment Corporation is a holding company. The Company provides casino-entertainment and hospitality services. The Company’s segments include Caesars Entertainment Resort Properties, LLC (CERP), Caesars Growth Partners, LLC (CGP) and Other. The Company’s facilities include gaming offerings, food and beverage outlets, hotel and convention space, and non-gaming entertainment options.
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