Barclays analyst Brandt Montour maintained a Buy rating on Caesars Entertainment (CZR – Research Report) today and set a price target of $67.00. The company’s shares closed yesterday at $44.90.
According to TipRanks, Montour is a 5-star analyst with an average return of 13.4% and a 59.17% success rate. Montour covers the Consumer Cyclical sector, focusing on stocks such as Penn National Gaming, MGM Resorts, and Royal Caribbean.
Caesars Entertainment has an analyst consensus of Strong Buy, with a price target consensus of $60.73, a 35.26% upside from current levels. In a report released yesterday, TD Cowen also maintained a Buy rating on the stock with a $55.00 price target.
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The company has a one-year high of $60.27 and a one-year low of $38.33. Currently, Caesars Entertainment has an average volume of 3.43M.
Based on the recent corporate insider activity of 40 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.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
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.
Read More on CZR:
- Caesars Entertainment Announces $1.5 Billion Secured Notes Offering
- Bet On It: Flutter reports Q4 trading update ahead of U.S. listing
- Caesars price target lowered to $55 from $63 at TD Cowen
- Caesars Entertainment Secures $2B Loan, Reports Q4 Preliminary Results
- 3 Best Stocks to Buy Now, 1/19/2024, According to Top Analysts
