JMP Securities analyst Jordan Bender reiterated a Buy rating on Caesars Entertainment (CZR – Research Report) today and set a price target of $65.00. The company’s shares closed yesterday at $41.65.
Bender covers the Consumer Cyclical sector, focusing on stocks such as MGM Resorts, Penn National Gaming, and Caesars Entertainment. According to TipRanks, Bender has an average return of 11.8% and a 55.97% success rate on recommended stocks.
Caesars Entertainment has an analyst consensus of Strong Buy, with a price target consensus of $61.50.
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Based on Caesars Entertainment’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $2.99 billion and a net profit of $74 million. In comparison, last year the company earned a revenue of $2.89 billion and had a net profit of $52 million
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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.
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