Caesars Entertainment Corporation (NASDAQ:CZR) – Equities researchers at Oppenheimer dropped their FY2017 earnings per share (EPS) estimates for shares of Caesars Entertainment in a research report issued to clients and investors on Thursday. Oppenheimer analyst I. Zaffino now forecasts that the company will post earnings per share of ($7.30) for the year, down from their prior forecast of ($1.64). Oppenheimer currently has a “Buy” rating and a $15.00 target price on the stock. Oppenheimer also issued estimates for Caesars Entertainment’s Q4 2017 earnings at $0.10 EPS and FY2018 earnings at $0.71 EPS.
CZR has been the topic of a number of other research reports. BidaskClub lowered Caesars Entertainment from a “hold” rating to a “sell” rating in a research note on Tuesday, November 14th. Nomura assumed coverage on Caesars Entertainment in a research report on Friday, October 6th. They set a “neutral” rating and a $14.00 target price for the company. Zacks Investment Research upgraded Caesars Entertainment from a “hold” rating to a “buy” rating and set a $13.00 target price for the company in a research report on Tuesday, August 8th. ValuEngine downgraded Caesars Entertainment from a “hold” rating to a “sell” rating in a research report on Monday, October 2nd. Finally, SunTrust Banks assumed coverage on Caesars Entertainment in a research report on Friday, September 15th. They set a “buy” rating and a $14.00 target price for the company. Three equities research analysts have rated the stock with a sell rating, two have given a hold rating and six have given a buy rating to the stock. Caesars Entertainment has a consensus rating of “Hold” and a consensus target price of $14.39.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CZR. Shapiro Capital Management LLC bought a new stake in Caesars Entertainment in the second quarter valued at about $51,714,000. Capital Research Global Investors increased its holdings in Caesars Entertainment by 61.1% in the second quarter. Capital Research Global Investors now owns 5,639,686 shares of the company’s stock valued at $67,676,000 after purchasing an additional 2,139,086 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in Caesars Entertainment by 619.0% in the third quarter. Bank of New York Mellon Corp now owns 1,920,538 shares of the company’s stock valued at $25,639,000 after purchasing an additional 1,653,439 shares during the last quarter. Eagle Asset Management Inc. bought a new stake in Caesars Entertainment in the second quarter valued at about $18,119,000. Finally, Nicholas Investment Partners LP bought a new stake in Caesars Entertainment in the second quarter valued at about $18,000,000. Institutional investors and hedge funds own 20.47% of the company’s stock.
TRADEMARK VIOLATION NOTICE: “FY2017 Earnings Forecast for Caesars Entertainment Corporation (CZR) Issued By Oppenheimer” was first published by Community Financial News and is owned by of Community Financial News. If you are reading this news story on another website, it was stolen and reposted in violation of U.S. and international trademark and copyright law. The legal version of this news story can be read at https://www.com-unik.info/2017/12/05/fy2017-earnings-forecast-for-caesars-entertainment-corporation-czr-issued-by-oppenheimer.html.
Caesars Entertainment Company Profile
Caesars Entertainment Corporation is a holding company. The Company provides casino-entertainment and hospitality services. The Company’s segments include Caesars Entertainment Resort Properties, LLC (CERP), Caesars Growth Partners, LLC (CGP) and Other. The Company’s resorts operate primarily under the Harrah’s, Caesars and Horseshoe brand names.
What are top analysts saying about Caesars Entertainment Corporation? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Caesars Entertainment Corporation and related companies.