Analysts Set Caesars Entertainment, Inc. (NASDAQ:CZR) Price Target at $54.21

Caesars Entertainment, Inc. (NASDAQ:CZR) has been assigned a consensus rating of “Moderate Buy” from the fourteen research firms that are presently covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell rating, two have given a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $54.14.

A number of research firms recently commented on CZR. JMP Securities lifted their target price on shares of Caesars Entertainment from $58.00 to $59.00 and gave the stock a “market outperform” rating in a research note on Thursday, August 22nd. StockNews.com downgraded Caesars Entertainment from a “hold” rating to a “sell” rating in a report on Thursday, August 1st. Morgan Stanley cut their price objective on shares of Caesars Entertainment from $41.00 to $40.00 and set an “equal weight” rating on the stock in a research note on Wednesday. Stifel Nicolaus lifted their price objective on Caesars Entertainment from $54.00 to $56.00 and gave the company a “buy” rating in a research note on Wednesday, July 31st. Finally, Susquehanna reissued a “negative” rating and issued a $33.00 price objective on shares of Caesars Entertainment in a report on Wednesday, July 31st.

Caesars Entertainment Trading Down 0.6 %

NASDAQ:CZR opened at $36.87 on Friday. The firm has a 50 day moving average of $36.83 and a 200 day moving average of $38.13. The company has a quick ratio of 0.68, a current ratio of 0.70 and a debt-to-equity ratio of 5.56. Caesars Entertainment has a 52 week low of $31.74 and a 52 week high of $55.71. The stock has a market capitalization of $7.98 billion, a price-to-earnings ratio of 10.44 and a beta of 2.99.

Caesars Entertainment (NASDAQ:CZR) last announced its earnings results on Tuesday, July 30th. The company reported ($0.56) earnings per share for the quarter, missing the consensus estimate of $0.12 by ($0.68). Caesars Entertainment had a negative return on equity of 2.57% and a negative net margin of 2.44%. The business had revenue of $2.83 billion for the quarter, compared to analysts’ expectations of $2.87 billion. During the same quarter last year, the firm earned $0.82 earnings per share. The firm’s quarterly revenue was down 1.7% compared to the same quarter last year. As a group, sell-side analysts anticipate that Caesars Entertainment will post 0.06 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Caesars Entertainment

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. American Trust increased its holdings in shares of Caesars Entertainment by 4.5% during the 1st quarter. American Trust now owns 7,346 shares of the company’s stock worth $321,000 after buying an additional 313 shares during the last quarter. GABELLI & Co INVESTMENT ADVISERS INC. grew its position in Caesars Entertainment by 8.7% in the fourth quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 5,000 shares of the company’s stock worth $234,000 after acquiring an additional 400 shares during the period. Blue Trust Inc. increased its stake in Caesars Entertainment by 525.3% during the second quarter. Blue Trust Inc. now owns 594 shares of the company’s stock worth $26,000 after acquiring an additional 499 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd raised its position in Caesars Entertainment by 2.7% in the second quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 19,755 shares of the company’s stock valued at $785,000 after purchasing an additional 511 shares during the period. Finally, Private Advisor Group LLC lifted its stake in shares of Caesars Entertainment by 12.0% in the 4th quarter. Private Advisor Group LLC now owns 5,040 shares of the company’s stock valued at $236,000 after purchasing an additional 538 shares during the last quarter. Institutional investors and hedge funds own 91.79% of the company’s stock.

Caesars Entertainment Company Profile

Caesars Entertainment, Inc operates as a gaming and hospitality company. The company owns, leases, or manages domestic properties in 18 states with slot machines, video lottery terminals and e-tables, and hotel rooms, as well as table games, including poker. It also operates and conducts retail and online sports wagering across 31 jurisdictions in North America and operates iGaming in five jurisdictions in North America; sports betting from our retail and online sportsbooks; and other games, such as keno.