Caesars Entertainment (NASDAQ:CZR) Price Target Increased to $42.00 by Analysts at Morgan Stanley

Caesars Entertainment (NASDAQ:CZR) had its target price boosted by Morgan Stanley from $40.00 to $42.00 in a research note released on Tuesday morning, Benzinga reports. The brokerage currently has an equal weight rating on the stock.

CZR has been the subject of a number of other reports. Jefferies Financial Group decreased their price target on Caesars Entertainment from $62.00 to $60.00 and set a “buy” rating for the company in a research note on Wednesday, July 31st. JMP Securities reissued a “market outperform” rating and issued a $59.00 target price on shares of Caesars Entertainment in a research note on Monday, October 14th. StockNews.com lowered shares of Caesars Entertainment from a “hold” rating to a “sell” rating in a research report on Thursday, August 1st. Wells Fargo & Company lifted their price objective on shares of Caesars Entertainment from $56.00 to $58.00 and gave the company an “overweight” rating in a research report on Thursday, October 17th. Finally, Stifel Nicolaus upped their target price on shares of Caesars Entertainment from $56.00 to $58.00 and gave the company a “buy” rating in a report on Wednesday, October 9th. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Caesars Entertainment has an average rating of “Moderate Buy” and an average target price of $54.54.

Caesars Entertainment Price Performance

NASDAQ CZR opened at $44.18 on Tuesday. Caesars Entertainment has a 12-month low of $31.74 and a 12-month high of $50.51. The firm’s 50 day moving average is $40.54 and its 200-day moving average is $38.15. The company has a market capitalization of $9.56 billion, a PE ratio of 12.52 and a beta of 2.97. 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 (NASDAQ:CZR) last issued its quarterly earnings results on Tuesday, July 30th. The company reported ($0.56) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.12 by ($0.68). The business had revenue of $2.83 billion during the quarter, compared to analyst estimates of $2.87 billion. Caesars Entertainment had a negative net margin of 2.44% and a negative return on equity of 2.57%. The firm’s quarterly revenue was down 1.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.82 earnings per share. Equities research analysts anticipate that Caesars Entertainment will post -0.16 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Caesars Entertainment

Several large investors have recently bought and sold shares of CZR. Capital Research Global Investors lifted its holdings in shares of Caesars Entertainment by 26.9% during the first quarter. Capital Research Global Investors now owns 15,505,033 shares of the company’s stock worth $678,190,000 after purchasing an additional 3,289,748 shares during the period. Nut Tree Capital Management LP grew its position in shares of Caesars Entertainment by 340.0% in the 1st quarter. Nut Tree Capital Management LP now owns 2,200,000 shares of the company’s stock valued at $96,228,000 after buying an additional 1,700,000 shares during the last quarter. EdgePoint Investment Group Inc. increased its stake in shares of Caesars Entertainment by 35.4% in the first quarter. EdgePoint Investment Group Inc. now owns 5,799,067 shares of the company’s stock valued at $253,651,000 after buying an additional 1,515,763 shares during the period. SG Americas Securities LLC raised its position in shares of Caesars Entertainment by 6,568.4% during the third quarter. SG Americas Securities LLC now owns 1,439,911 shares of the company’s stock worth $60,102,000 after acquiring an additional 1,418,318 shares during the last quarter. Finally, Helikon Investments Ltd acquired a new position in shares of Caesars Entertainment in the second quarter worth approximately $37,763,000. 91.79% of the stock is currently owned by institutional investors.

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.