Caesars Entertainment, Inc. (NASDAQ:CZR) Director Michael E. Pegram sold 5,000 shares of the company’s stock in a transaction dated Friday, September 17th. The shares were sold at an average price of $110.48, for a total value of $552,400.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.
CZR stock opened at $109.91 on Thursday. Caesars Entertainment, Inc. has a 52-week low of $43.07 and a 52-week high of $113.46. The stock’s fifty day simple moving average is $95.86 and its 200-day simple moving average is $97.73. The company has a quick ratio of 1.15, a current ratio of 1.16 and a debt-to-equity ratio of 5.08. The stock has a market capitalization of $23.46 billion, a price-to-earnings ratio of -11.34 and a beta of 3.20.
Caesars Entertainment (NASDAQ:CZR) last issued its earnings results on Tuesday, August 3rd. The company reported $0.48 earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.26) by $0.74. Caesars Entertainment had a negative return on equity of 38.37% and a negative net margin of 25.91%. The firm had revenue of $2.50 billion for the quarter, compared to analysts’ expectations of $2.29 billion. As a group, analysts anticipate that Caesars Entertainment, Inc. will post -1.69 earnings per share for the current fiscal year.
A number of analysts recently issued reports on the company. Deutsche Bank Aktiengesellschaft upped their target price on Caesars Entertainment from $126.00 to $132.00 and gave the company a “buy” rating in a research report on Monday, June 7th. Bank of America raised Caesars Entertainment from a “neutral” rating to a “buy” rating in a research report on Monday, August 9th. Cowen upped their price objective on Caesars Entertainment from $120.00 to $125.00 and gave the company an “outperform” rating in a research note on Friday, September 10th. Morgan Stanley upped their price objective on Caesars Entertainment from $124.00 to $127.00 and gave the company an “overweight” rating in a research note on Wednesday, August 4th. Finally, Stifel Nicolaus upped their price objective on Caesars Entertainment from $125.00 to $130.00 and gave the company a “buy” rating in a research note on Wednesday, August 4th. Two equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat.com, Caesars Entertainment presently has a consensus rating of “Buy” and a consensus price target of $114.75.
Caesars Entertainment Company Profile
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