Caesars Entertainment’s (CZR) Outperform Rating Reiterated at Macquarie

Macquarie restated their outperform rating on shares of Caesars Entertainment (NASDAQ:CZR) in a report issued on Wednesday morning, Benzinga reports. Macquarie currently has a $50.00 target price on the stock.

Other equities research analysts have also issued reports about the stock. Wells Fargo & Company decreased their target price on shares of Caesars Entertainment from $58.00 to $53.00 and set an “overweight” rating on the stock in a research report on Wednesday. Morgan Stanley upped their target price on shares of Caesars Entertainment from $40.00 to $42.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 22nd. 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. StockNews.com cut Caesars Entertainment from a “hold” rating to a “sell” rating in a report on Thursday, August 1st. Finally, Barclays dropped their price objective on Caesars Entertainment from $59.00 to $57.00 and set an “overweight” rating for the company in a research note on Wednesday. One investment analyst has rated the stock with a sell rating, two have given a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Caesars Entertainment presently has a consensus rating of “Moderate Buy” and an average price target of $54.00.

Caesars Entertainment Trading Down 2.1 %

NASDAQ:CZR opened at $39.22 on Wednesday. The company has a current ratio of 0.84, a quick ratio of 0.68 and a debt-to-equity ratio of 2.84. The stock’s 50 day simple moving average is $41.07 and its 200-day simple moving average is $38.18. Caesars Entertainment has a 12-month low of $31.74 and a 12-month high of $50.51. The firm has a market cap of $8.33 billion, a P/E ratio of -23.48 and a beta of 2.97.

Caesars Entertainment (NASDAQ:CZR) last announced its quarterly earnings data on Tuesday, October 29th. The company reported ($0.04) EPS for the quarter, missing analysts’ consensus estimates 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 firm’s quarterly revenue was down 4.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.34 EPS. Equities analysts anticipate that Caesars Entertainment will post -0.35 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. lifted its holdings in shares of Caesars Entertainment by 0.3% during the 1st quarter. Vanguard Group Inc. now owns 23,635,788 shares of the company’s stock worth $1,033,829,000 after acquiring an additional 75,898 shares during the period. BI Asset Management Fondsmaeglerselskab A S raised its stake in Caesars Entertainment by 270.8% during the first quarter. BI Asset Management Fondsmaeglerselskab A S now owns 28,332 shares of the company’s stock worth $1,239,000 after purchasing an additional 20,692 shares during the period. Illinois Municipal Retirement Fund boosted its holdings in shares of Caesars Entertainment by 201.8% in the 1st quarter. Illinois Municipal Retirement Fund now owns 60,593 shares of the company’s stock valued at $2,650,000 after purchasing an additional 40,517 shares during the last quarter. Russell Investments Group Ltd. grew its stake in shares of Caesars Entertainment by 249.0% during the 1st quarter. Russell Investments Group Ltd. now owns 186,019 shares of the company’s stock valued at $8,131,000 after buying an additional 132,720 shares during the period. Finally, Sei Investments Co. increased its holdings in shares of Caesars Entertainment by 263.2% during the 1st quarter. Sei Investments Co. now owns 345,481 shares of the company’s stock worth $15,111,000 after buying an additional 250,354 shares during the last quarter. 91.79% of the stock is currently owned by institutional investors and hedge funds.

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.