On Oct 31, major Wall Street analysts update their ratings for $Caesars Entertainment (CZR.US)$, with price targets ranging from $35 to $63.
BofA Securities analyst Shaun Kelley maintains with a hold rating, and maintains the target price at $47.5.
Barclays analyst Brandt Montour maintains with a buy rating, and adjusts the target price from $59 to $57.
Wells Fargo analyst Daniel Politzer maintains with a buy rating, and maintains the target price at $53.
TD Cowen analyst Lance Vitanza maintains with a buy rating, and maintains the target price at $50.
Stifel analyst Steven Wieczynski maintains with a buy rating, and adjusts the target price from $58 to $63.
Furthermore, according to the comprehensive report, the opinions of $Caesars Entertainment (CZR.US)$'s main analysts recently are as follows:
The evaluation of Caesars reflects that the company's various segments are performing as anticipated, with a slight shift in outlook for its Regionals, while Las Vegas remains stable. The acceleration in the company's Digital segment is also noted.
A review of Caesars' core operations suggests that immediate prospects may not be particularly exciting. Nevertheless, with the phase of high capital expenditure drawing to a close, potential from non-core assets, and a Digital business that is showing signs of positive change, the anticipation is for a swift enhancement in free cash flow generation. It's the analyst's view that the long-term potential for free cash flow generation is not fully recognized in the current valuation.
Following quarterly results, it was noted that Q3 EBITDAR slightly missed estimates, with a mixed performance showing weaker results in Las Vegas/Regionals and a contrast with better results from Digital operations. The key insight is that the anticipated regional EBITDAR inflection point might not be reached by 2025, however, the free cash flow per share continues to be robust.
Here are the latest investment ratings and price targets for $Caesars Entertainment (CZR.US)$ from 8 analysts:
Note:
TipRanks, an independent third party, provides analysis data from financial analysts and calculates the Average Returns and Success Rates of the analysts' recommendations. The information presented is not an investment recommendation and is intended for informational purposes only.
Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
TipRanks provides a ranking of each analyst up to 5 stars, which is representative of all recommendations from the analyst. An analyst's past performance is evaluated on a scale of 1 to 5 stars, with more stars indicating better performance. The star level is determined by his/her total success rate and average return.
