JMP Securities analyst Jordan Bender maintained a Buy rating on Caesars Entertainment (CZR – Research Report) today and set a price target of $60.00. The company’s shares closed yesterday at $36.38.
According to TipRanks, Bender is a 4-star analyst with an average return of 7.5% and a 50.57% success rate. Bender covers the Consumer Cyclical sector, focusing on stocks such as Churchill Downs, Caesars Entertainment, and Playags.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Caesars Entertainment with a $54.00 average price target, implying a 48.43% upside from current levels. In a report released yesterday, Barclays also maintained a Buy rating on the stock with a $56.00 price target.
Based on Caesars Entertainment’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $2.83 billion and a GAAP net loss of $72 million. In comparison, last year the company earned a revenue of $2.82 billion and had a GAAP net loss of $148 million
Based on the recent corporate insider activity of 51 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 (CZR) Company Description:
Eldorado Resorts, Inc. operates as a casino entertainment company. It engages in gaming operations, and manages hotels, restaurants, bars, racing, retail shops, and other services. It operates through the following segments: West, Midwest, South, East, and Central. The West segment consists of seven properties in Nevada and Colorado. The Midwest segment comprises of dockside and land-based casinos in Iowa and Missouri. The South segment includes dockside casinos in Louisiana and Mississippi, and racino in Florida. The East segment is involved in the operation of racinos located in Pennsylvania, Ohio, and West Virginia; and casinos in Pennsylvania and New Jersey. The Central segment is composed of properties in Indiana, Illinois, and Missouri. The company was founded by Donald Louis Carano in 1973 and is headquartered in Reno, NV.
