Morgan Stanley (NYSE:MS) analyst Thomas Allen maintained a Hold rating on Caesars (NASDAQ:CZR) Entertainment on Monday, setting a price target of $12, which is approximately 3.38% below the present share price of $12.42.
Allen expects Caesars Entertainment to post earnings per share (EPS) of $0.28 for the third quarter of 2020.
The current consensus among 5 TipRanks analysts is for a Moderate Buy rating of shares in Caesars, with an average price target of $12.05.
The analysts price targets range from a high of $12.25 to a low of $12.
In its latest earnings report, released on 03/31/2020, the company reported a quarterly revenue of $1.83 billion and a net profit of -$1 million. The company's market cap is $8.5 billion.
According to TipRanks.com, Morgan Stanley analyst Thomas Allen is currently ranked with 4 stars on a 0-5 stars ranking scale, with an average return of 5.9% and a 55.83% success rate.
Caesars Entertainment Corp . is a holding company, which engages in the provision of casino-entertainment and hospitality services. It operates through the following segments: Las Vegas, Other U.S., and All Other. The All Other segment includes managed and international properties as well as other business, such as Caesars Interactive Entertainment. Its brands include Aesars, Harrahs, Horseshoe, Wsop, Linq, Caesars and Paris. The company was founded by William Fisk Harrah in 1937 and is headquartered in Las Vegas, NV.