Caesars Entertainment (CZR) Receives a Rating Update from a Top Analyst

In a report released today, Carlo Santarelli from Deutsche Bank reiterated a Buy rating on Caesars Entertainment (CZRResearch Report), with a price target of $64.00. The company’s shares closed yesterday at $42.26.

According to TipRanks, Santarelli is a top 100 analyst with an average return of 19.3% and a 61.97% success rate. Santarelli covers the Services sector, focusing on stocks such as Caesars Entertainment, Bally’s Corporation, and DraftKings.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Caesars Entertainment with a $65.33 average price target.

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CZR market cap is currently $9.07B and has a P/E ratio of -7.63.

Based on the recent corporate insider activity of 41 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.

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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