Jefferies: Time To Buy Caesars Entertainment (NASDAQ:CZR)? Has $14 Valuation Target

January 20, 2018 - By Richard Conner

 Jefferies: Time To Buy Caesars Entertainment (NASDAQ:CZR)? Has $14 Valuation Target

Investors sentiment decreased to 1.59 in Q3 2017. Its down 0.21, from 1.8 in 2017Q2. It fall, as 22 investors sold Caesars Entertainment Corporation shares while 29 reduced holdings. 25 funds opened positions while 56 raised stakes. 138.17 million shares or 22.42% more from 112.87 million shares in 2017Q2 were reported.

Qs Investors Ltd Company, New York-based fund reported 252,301 shares. 67,508 are held by Hsbc Holding Public Limited. Royal Natl Bank Of Canada reported 0% in Caesars Entertainment Corporation (NASDAQ:CZR). Corsair Capital Limited Partnership has invested 0.06% in Caesars Entertainment Corporation (NASDAQ:CZR). Swiss Commercial Bank accumulated 89,300 shares. Goldman Sachs reported 0.01% stake. Deutsche Bank Ag holds 0.01% or 747,215 shares. Moreover, Putnam Limited Liability Company has 0.01% invested in Caesars Entertainment Corporation (NASDAQ:CZR). Point72 Asset Management L P invested in 0.1% or 1.69M shares. Tortoise Investment Mgmt Limited Liability Corporation holds 500 shares. Quantitative Management Limited Liability invested 0.05% in Caesars Entertainment Corporation (NASDAQ:CZR). Maplelane Capital Ltd Liability Corp holds 0.38% or 1.43M shares in its portfolio. Meeder Asset Management reported 1,319 shares stake. Vanguard reported 0% of its portfolio in Caesars Entertainment Corporation (NASDAQ:CZR). Nomura Hldgs Incorporated accumulated 103,011 shares or 0% of the stock.

Why Has Jefferies Given Caesars Entertainment (NASDAQ:CZR) a $14 Price Target

Jefferies has initiated its coverage for Caesars Entertainment (NASDAQ:CZR), this morning Friday, 19 January. The broker found the stock of CZR quite attractive and now has a target price per share of $14 with a key Hold rating.

Investors sentiment decreased to 1.59 in Q3 2017. Its down 0.21, from 1.8 in 2017Q2. It fall, as 22 investors sold Caesars Entertainment Corporation shares while 29 reduced holdings. 25 funds opened positions while 56 raised stakes. 138.17 million shares or 22.42% more from 112.87 million shares in 2017Q2 were reported.

Qs Investors Ltd Company, New York-based fund reported 252,301 shares. 67,508 are held by Hsbc Holding Public Limited. Royal Natl Bank Of Canada reported 0% in Caesars Entertainment Corporation (NASDAQ:CZR). Corsair Capital Limited Partnership has invested 0.06% in Caesars Entertainment Corporation (NASDAQ:CZR). Swiss Commercial Bank accumulated 89,300 shares. Goldman Sachs reported 0.01% stake. Deutsche Bank Ag holds 0.01% or 747,215 shares. Moreover, Putnam Limited Liability Company has 0.01% invested in Caesars Entertainment Corporation (NASDAQ:CZR). Point72 Asset Management L P invested in 0.1% or 1.69M shares. Tortoise Investment Mgmt Limited Liability Corporation holds 500 shares. Quantitative Management Limited Liability invested 0.05% in Caesars Entertainment Corporation (NASDAQ:CZR). Maplelane Capital Ltd Liability Corp holds 0.38% or 1.43M shares in its portfolio. Meeder Asset Management reported 1,319 shares stake. Vanguard reported 0% of its portfolio in Caesars Entertainment Corporation (NASDAQ:CZR). Nomura Hldgs Incorporated accumulated 103,011 shares or 0% of the stock.

Caesars Entertainment Corporation (NASDAQ:CZR) Ratings Coverage

Among 6 analysts covering Caesars Entertainment (NASDAQ:CZR), 2 have Buy rating, 1 Sell and 3 Hold. Therefore 33% are positive. Caesars Entertainment has $1500 highest and $9 lowest target. $13.33’s average target is -3.05% below currents $13.75 stock price. Caesars Entertainment had 8 analyst reports since December 14, 2015 according to SRatingsIntel. The firm earned “Hold” rating on Friday, October 6 by Nomura. The rating was maintained by SunTrust on Tuesday, October 24 with “Buy”. As per Wednesday, May 31, the company rating was initiated by Oppenheimer. The rating was maintained by Barclays Capital on Monday, December 14 with “Underweight”. As per Tuesday, June 6, the company rating was maintained by Oppenheimer.

The stock decreased 1.43% or $0.2 during the last trading session, reaching $13.75. About 8.52M shares traded. Caesars Entertainment Corporation (NASDAQ:CZR) has risen 62.44% since January 20, 2017 and is uptrending. It has outperformed by 45.74% the S&P500.

Analysts await Caesars Entertainment Corporation (NASDAQ:CZR) to report earnings on February, 13. They expect $0.10 earnings per share, up 102.58 % or $3.98 from last year’s $-3.88 per share. CZR’s profit will be $70.41 million for 34.38 P/E if the $0.10 EPS becomes a reality. After $-1.19 actual earnings per share reported by Caesars Entertainment Corporation for the previous quarter, Wall Street now forecasts -108.40 % EPS growth.

Caesars Entertainment Corporation, through its subsidiaries, provides casino-entertainment and hospitality services in the United States and internationally. The company has market cap of $9.68 billion. The firm operates through two divisions, Caesars Entertainment Resort Properties, and Caesars Growth Partners Casino Properties and Developments. It currently has negative earnings. It operates 15,000 slot machines and 1,200 table games, as well as other games comprising keno, poker, and race and sports books; and buffets, restaurants, bars, nightclubs, and lounges located throughout the company's casinos, as well as banquets and room service.

More important recent Caesars Entertainment Corporation (NASDAQ:CZR) news were published by: Prnewswire.com which released: “Caesars Entertainment Announces Completion of Harrah’s Las Vegas Sale and …” on December 22, 2017, also Gurufocus.com published article titled: “Hamilton Lane Advisors Llc Buys Caesars Entertainment Corp, Okta Inc, Esperion …”, Prnewswire.com published: “Caesars Entertainment Announces Formation of Caesars Resort Collection …” on December 22, 2017. More interesting news about Caesars Entertainment Corporation (NASDAQ:CZR) was released by: Prnewswire.com and their article: “Caesars Entertainment Receives Early Termination of Hart-Scott-Rodino Waiting …” with publication date: January 08, 2018.

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