Is Nomura Positive On Shares of Caesars (NASDAQ:CZR)?

December 7, 2017 - By Hazel Jackson

 Is Nomura Positive On Shares of Caesars (NASDAQ:CZR)?

Investors sentiment decreased to 1.8 in Q2 2017. Its down 0.29, from 2.09 in 2017Q1. It dived, as 24 investors sold Caesars Entertainment Corporation shares while 25 reduced holdings. 40 funds opened positions while 48 raised stakes. 112.87 million shares or 13.86% more from 99.13 million shares in 2017Q1 were reported.

Artemis Invest Mgmt Limited Liability Partnership reported 0.11% stake. 2,669 were accumulated by Us National Bank & Trust De. 522,197 were accumulated by Schwab Charles Inv Management Inc. 773,624 were accumulated by Millennium Mngmt Limited Co. Pnc Group Inc reported 100 shares. California State Teachers Retirement System reported 100,922 shares stake. Jabre Prtnrs reported 200,000 shares. Qs Invsts Limited Liability owns 0.03% invested in Caesars Entertainment Corporation (NASDAQ:CZR) for 254,726 shares. Massachusetts Fincl Serv Ma, Massachusetts-based fund reported 67,931 shares. Moreover, Great West Life Assurance Can has 0% invested in Caesars Entertainment Corporation (NASDAQ:CZR) for 2,300 shares. Deutsche Retail Bank Ag invested in 818,308 shares or 0.01% of the stock. Tortoise Inv Ltd Liability Com owns 0% invested in Caesars Entertainment Corporation (NASDAQ:CZR) for 500 shares. Blackrock owns 0% invested in Caesars Entertainment Corporation (NASDAQ:CZR) for 4.92 million shares. Guggenheim Ltd Liability Com reported 240,331 shares stake. Pentwater Cap Mngmt L P holds 288,389 shares or 0.03% of its portfolio.

Why Has Nomura Given Caesars (NASDAQ:CZR) a $14.0 Price Target

Nomura has just issued a “Hold” rating for Caesars (NASDAQ:CZR) shares. The firm has begun coverage on shares of CZR in analysts report sent to clients and investors on Friday, 6 October. This target price would indicate upside of 11.55 % from the previous stock close of Caesars (NASDAQ:CZR).

Investors sentiment decreased to 1.8 in Q2 2017. Its down 0.29, from 2.09 in 2017Q1. It dived, as 24 investors sold Caesars Entertainment Corporation shares while 25 reduced holdings. 40 funds opened positions while 48 raised stakes. 112.87 million shares or 13.86% more from 99.13 million shares in 2017Q1 were reported.

Artemis Invest Mgmt Limited Liability Partnership reported 0.11% stake. 2,669 were accumulated by Us National Bank & Trust De. 522,197 were accumulated by Schwab Charles Inv Management Inc. 773,624 were accumulated by Millennium Mngmt Limited Co. Pnc Group Inc reported 100 shares. California State Teachers Retirement System reported 100,922 shares stake. Jabre Prtnrs reported 200,000 shares. Qs Invsts Limited Liability owns 0.03% invested in Caesars Entertainment Corporation (NASDAQ:CZR) for 254,726 shares. Massachusetts Fincl Serv Ma, Massachusetts-based fund reported 67,931 shares. Moreover, Great West Life Assurance Can has 0% invested in Caesars Entertainment Corporation (NASDAQ:CZR) for 2,300 shares. Deutsche Retail Bank Ag invested in 818,308 shares or 0.01% of the stock. Tortoise Inv Ltd Liability Com owns 0% invested in Caesars Entertainment Corporation (NASDAQ:CZR) for 500 shares. Blackrock owns 0% invested in Caesars Entertainment Corporation (NASDAQ:CZR) for 4.92 million shares. Guggenheim Ltd Liability Com reported 240,331 shares stake. Pentwater Cap Mngmt L P holds 288,389 shares or 0.03% of its portfolio.

Caesars Entertainment Corporation (NASDAQ:CZR) Ratings Coverage

Among 5 analysts covering Caesars Entertainment (NASDAQ:CZR), 2 have Buy rating, 1 Sell and 2 Hold. Therefore 40% are positive. Caesars Entertainment has $1500 highest and $9 lowest target. $13.20’s average target is 5.18% above currents $12.55 stock price. Caesars Entertainment had 7 analyst reports since December 14, 2015 according to SRatingsIntel. On Monday, December 14 the stock rating was maintained by Barclays Capital with “Underweight”. SunTrust maintained the shares of CZR in report on Tuesday, October 24 with “Buy” rating. The stock has “Buy” rating by Oppenheimer on Wednesday, May 31. The company was maintained on Tuesday, June 6 by Oppenheimer. Nomura initiated the shares of CZR in report on Friday, October 6 with “Hold” rating.

The stock increased 0.40% or $0.05 during the last trading session, reaching $12.55. About 7.07 million shares traded. Caesars Entertainment Corporation (NASDAQ:CZR) has risen 62.44% since December 7, 2016 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 $14.85 EPS, up 482.73 % or $18.73 from last year’s $-3.88 per share. CZR’s profit will be $10.46B for 0.21 P/E if the $14.85 EPS becomes a reality. After $-1.19 actual EPS reported by Caesars Entertainment Corporation for the previous quarter, Wall Street now forecasts -1,347.90 % 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 $8.84 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 notable recent Caesars Entertainment Corporation (NASDAQ:CZR) news were published by: Reviewjournal.com which released: “California man sues over Legionnaire’s case blamed on Rio stay” on December 05, 2017, also Prnewswire.com with their article: “Caesars Entertainment Announces Harrah’s Las Vegas Sale and Leaseback …” published on November 29, 2017, Prnewswire.com published: “Caesars Entertainment Corporation to Participate in the Barclays Gaming …” on December 06, 2017. More interesting news about Caesars Entertainment Corporation (NASDAQ:CZR) were released by: Wsj.com and their article: “Caesars Entertainment to Buy Indiana Casinos in $1.7 Billion Deal” published on November 16, 2017 as well as Prnewswire.com‘s news article titled: “Caesars Entertainment Announces Extension of the Early Payment Deadline and …” with publication date: November 17, 2017.

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