Suntrust Robinson Initiates Coverage on Caesars Entertainment (NYSE:CZR). What May be Next?

September 17, 2017 - By Migdalia James

 Suntrust Robinson Initiates Coverage on Caesars Entertainment (NYSE:CZR). What May be Next?

Investors sentiment increased to 1.38 in Q4 2016. Its up 0.23, from 1.15 in 2016Q3. It improved, as 17 investors sold Caesars Entertainment Corp shares while 25 reduced holdings. 23 funds opened positions while 35 raised stakes. 94.32 million shares or 1.05% more from 93.34 million shares in 2016Q3 were reported.

Sg Americas Ltd Com reported 0% of its portfolio in Caesars Entertainment Corp (NASDAQ:CZR). Everpoint Asset Mngmt Ltd Llc invested in 0.14% or 895,584 shares. Maplelane Ltd holds 0.09% or 250,000 shares in its portfolio. Stepstone Group Limited Partnership owns 17.16% invested in Caesars Entertainment Corp (NASDAQ:CZR) for 1.67 million shares. 231,694 were accumulated by Bancorporation Of America De. Soros Fund Mngmt Limited holds 0.58% of its portfolio in Caesars Entertainment Corp (NASDAQ:CZR) for 2.96 million shares. 290,000 are held by Morgens Waterfall Vintiadis &. Manufacturers Life Insur Communication The holds 0% or 41,955 shares in its portfolio. Blackrock Fund Advisors invested in 0% or 1.73 million shares. Royal Fincl Bank Of Canada holds 37,020 shares or 0% of its portfolio. Goldman Sachs invested in 0.01% or 4.86 million shares. Pnc Services Gru accumulated 100 shares. Raymond James And Assocs holds 0% or 51,695 shares in its portfolio. Wellington Management Group Limited Liability Partnership has invested 0% in Caesars Entertainment Corp (NASDAQ:CZR). California Pub Employees Retirement System owns 531,900 shares for 0.01% of their portfolio.

Why Has Suntrust Robinson Given Caesars Entertainment (NYSE:CZR) a $14.00 Price Target

In a research report sent to investors and clients on Friday, 15 September, Suntrust Robinson analyst has today has begun coverage for Caesars Entertainment (NYSE:CZR) shares with a Buy rating. The TP is $14.00.

Investors sentiment increased to 1.38 in Q4 2016. Its up 0.23, from 1.15 in 2016Q3. It improved, as 17 investors sold Caesars Entertainment Corp shares while 25 reduced holdings. 23 funds opened positions while 35 raised stakes. 94.32 million shares or 1.05% more from 93.34 million shares in 2016Q3 were reported.

Sg Americas Ltd Com reported 0% of its portfolio in Caesars Entertainment Corp (NASDAQ:CZR). Everpoint Asset Mngmt Ltd Llc invested in 0.14% or 895,584 shares. Maplelane Ltd holds 0.09% or 250,000 shares in its portfolio. Stepstone Group Limited Partnership owns 17.16% invested in Caesars Entertainment Corp (NASDAQ:CZR) for 1.67 million shares. 231,694 were accumulated by Bancorporation Of America De. Soros Fund Mngmt Limited holds 0.58% of its portfolio in Caesars Entertainment Corp (NASDAQ:CZR) for 2.96 million shares. 290,000 are held by Morgens Waterfall Vintiadis &. Manufacturers Life Insur Communication The holds 0% or 41,955 shares in its portfolio. Blackrock Fund Advisors invested in 0% or 1.73 million shares. Royal Fincl Bank Of Canada holds 37,020 shares or 0% of its portfolio. Goldman Sachs invested in 0.01% or 4.86 million shares. Pnc Services Gru accumulated 100 shares. Raymond James And Assocs holds 0% or 51,695 shares in its portfolio. Wellington Management Group Limited Liability Partnership has invested 0% in Caesars Entertainment Corp (NASDAQ:CZR). California Pub Employees Retirement System owns 531,900 shares for 0.01% of their portfolio.

Caesars Entertainment Corp (NASDAQ:CZR) Ratings Coverage

Among 4 analysts covering Caesars Entertainment (NYSE:CZR), 3 have Buy rating, 1 Sell and 0 Hold. Therefore 75% are positive. Caesars Entertainment has $16 highest and $9 lowest target. $13.33’s average target is 11.55% above currents $11.95 stock price. Caesars Entertainment had 4 analyst reports since December 14, 2015 according to SRatingsIntel. Barclays Capital maintained the stock with “Underweight” rating in Monday, December 14 report. The company was upgraded on Thursday, April 20 by Macquarie Research. On Thursday, June 1 the stock rating was initiated by Oppenheimer with “Outperform”. The stock of Caesars Entertainment Corp (NASDAQ:CZR) has “Outperform” rating given on Friday, July 21 by Wolfe Research.

The stock increased 0.84% or $0.1 on September 15, reaching $11.95. About 4.96M shares traded or 161.05% up from the average. Caesars Entertainment Corp (NYSE:CZR) has risen 62.44% since September 17, 2016 and is uptrending. It has outperformed by 45.74% the S&P500.

Analysts expect Caesars Entertainment Corp (NASDAQ:CZR) to report $0.24 EPS on November, 6.They anticipate $27.04 EPS change or 100.90 % from last quarter’s $-26.8 EPS. CZR’s profit would be $35.75M giving it 12.45 P/E if the $0.24 EPS is correct. After having $-0.21 EPS previously, Caesars Entertainment Corp’s analysts see -214.29 % EPS growth.

Caesars Entertainment Corporation is a holding company. The company has market cap of $1.78 billion. The Firm provides casino-entertainment and hospitality services. It currently has negative earnings. The Company’s divisions include Caesars Entertainment Resort Properties, LLC , Caesars Growth Partners, LLC (CGP) and Other.

More recent Caesars Entertainment Corp (NASDAQ:CZR) news were published by: Reviewjournal.com which released: “2 Southern Nevada gaming titans jump on winding down of DACA” on September 10, 2017. Also Reviewjournal.com published the news titled: “Caesars unit clears Nevada hurdle in bankruptcy emergence” on August 24, 2017. Reviewjournal.com‘s news article titled: “Nevada pursues more business information for database” with publication date: September 01, 2017 was also an interesting one.

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