Caesars Entertainment (NASDAQ:CZR) PT Raised to $42.00 at Morgan Stanley

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

CZR has been the subject of several other research reports. Jefferies Financial Group dropped their price objective on shares of Caesars Entertainment from $62.00 to $60.00 and set a “buy” rating for the company in a research report on Wednesday, July 31st. StockNews.com lowered Caesars Entertainment from a “hold” rating to a “sell” rating in a research note on Thursday, August 1st. Susquehanna reiterated a “negative” rating and issued a $33.00 price objective on shares of Caesars Entertainment in a research report on Wednesday, July 31st. 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 research report on Wednesday, October 9th. Finally, JMP Securities reiterated a “market outperform” rating and set a $59.00 price target on shares of Caesars Entertainment in a research report on Monday, October 14th. Two research analysts have rated the stock with a sell rating, one has issued a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Caesars Entertainment currently has a consensus rating of “Moderate Buy” and a consensus target price of $54.54.

Caesars Entertainment Stock Performance

NASDAQ:CZR opened at $44.18 on Tuesday. The stock has a market capitalization of $9.56 billion, a P/E ratio of 12.52 and a beta of 2.97. Caesars Entertainment has a 1 year low of $31.74 and a 1 year high of $50.51. The firm has a 50 day moving average of $40.54 and a 200-day moving average of $38.15. The company has a current ratio of 0.70, a quick ratio of 0.68 and a debt-to-equity ratio of 5.56.

Caesars Entertainment (NASDAQ:CZR) last posted its quarterly earnings data on Tuesday, July 30th. The company reported ($0.56) EPS for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $2.87 billion. During the same period in the prior year, the firm posted $0.82 EPS. Caesars Entertainment’s revenue for the quarter was down 1.7% compared to the same quarter last year. As a group, sell-side analysts anticipate that Caesars Entertainment will post -0.16 EPS for the current fiscal year.

Hedge Funds Weigh In On Caesars Entertainment

Institutional investors and hedge funds have recently made changes to their positions in the company. Blue Trust Inc. increased its stake in Caesars Entertainment by 525.3% during the 2nd quarter. Blue Trust Inc. now owns 594 shares of the company’s stock worth $26,000 after purchasing an additional 499 shares in the last quarter. UMB Bank n.a. acquired a new position in shares of Caesars Entertainment in the third quarter valued at approximately $51,000. GAMMA Investing LLC increased its position in shares of Caesars Entertainment by 63.1% during the second quarter. GAMMA Investing LLC now owns 1,607 shares of the company’s stock worth $64,000 after acquiring an additional 622 shares in the last quarter. Signaturefd LLC raised its holdings in shares of Caesars Entertainment by 77.0% during the second quarter. Signaturefd LLC now owns 2,540 shares of the company’s stock worth $101,000 after acquiring an additional 1,105 shares during the period. Finally, Central Pacific Bank Trust Division bought a new stake in Caesars Entertainment in the 1st quarter valued at $150,000. 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.