Caesars Entertainment, Inc. (NASDAQ:CZR) Receives $54.00 Average PT from Analysts

Shares of Caesars Entertainment, Inc. (NASDAQ:CZR) have been assigned a consensus rating of “Moderate Buy” from the fourteen analysts that are presently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $54.00.

CZR has been the subject of several research analyst reports. Jefferies Financial Group reduced their target price 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. Macquarie restated an “outperform” rating and set a $50.00 price objective on shares of Caesars Entertainment in a research report on Wednesday, October 30th. Stifel Nicolaus lifted their target price on shares of Caesars Entertainment from $56.00 to $58.00 and gave the company a “buy” rating in a research report on Wednesday, October 9th. JPMorgan Chase & Co. upped their price target on shares of Caesars Entertainment from $54.00 to $58.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 30th. Finally, Morgan Stanley lifted their price objective on Caesars Entertainment from $40.00 to $42.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 22nd.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Coldstream Capital Management Inc. acquired a new stake in shares of Caesars Entertainment during the third quarter worth $262,000. MidWestOne Financial Group Inc. lifted its position in Caesars Entertainment by 59.7% during the third quarter. MidWestOne Financial Group Inc. now owns 41,816 shares of the company’s stock worth $1,745,000 after buying an additional 15,629 shares during the period. M&T Bank Corp boosted its stake in Caesars Entertainment by 163.7% in the 3rd quarter. M&T Bank Corp now owns 26,013 shares of the company’s stock worth $1,086,000 after buying an additional 16,150 shares during the last quarter. Gordian Capital Singapore Pte Ltd grew its holdings in Caesars Entertainment by 251.3% in the 3rd quarter. Gordian Capital Singapore Pte Ltd now owns 25,410 shares of the company’s stock valued at $1,061,000 after buying an additional 18,176 shares during the period. Finally, Luxor Capital Group LP purchased a new position in shares of Caesars Entertainment during the 3rd quarter worth about $14,524,000. 91.79% of the stock is owned by hedge funds and other institutional investors.

Caesars Entertainment Stock Performance

CZR opened at $37.59 on Thursday. The firm has a fifty day moving average price of $41.63 and a 200 day moving average price of $38.32. Caesars Entertainment has a 1 year low of $31.74 and a 1 year high of $50.51. The stock has a market cap of $7.99 billion, a P/E ratio of -22.51 and a beta of 2.96. The company has a debt-to-equity ratio of 2.84, a current ratio of 0.84 and a quick ratio of 0.82.

Caesars Entertainment (NASDAQ:CZR) last posted its earnings results on Tuesday, October 29th. The company reported ($0.04) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.21 by ($0.25). The firm had revenue of $2.87 billion for the quarter, compared to analysts’ expectations of $2.93 billion. Caesars Entertainment had a negative return on equity of 4.44% and a negative net margin of 3.20%. The company’s revenue was down 4.0% compared to the same quarter last year. During the same period in the previous year, the company earned $0.34 earnings per share. Equities research analysts anticipate that Caesars Entertainment will post -0.54 earnings per share for the current year.

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.